The IRS  Offer in Compromise (OIC) program is designed for struggling taxpayers who, for whatever reason, are absolutely incapable of paying off their tax debt in full. It can be a powerful tool in helping you permanently eliminate your tax debt. If you owe back taxes to the IRS and you are unable to pay the debt in full, you may be eligible for tax relief through the offer in
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If you are currently dealing with tax problems, now is a good time to get tax help before the new tax hikes kick in. The Obama Administration is continuing with its steadfast endeavor to collect back taxes as well as to collect more taxes from the wealthy and powerful.
Currently planned for 2011, Obama’s biggest tax hike will affect married filers making over $250,000 and singles making more than $200,000. In
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The IRS considers the assistance of filing false tax returns a severely criminal and punishable act. The IRS is able to utilize charts and summary data of national tax return statistics to determine the “normalcy” of a tax return. If your tax return is substantially higher than the national average, you will be a likely suspect for the IRS to investigate. If found guilty, you will be penalized by
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In an effort to curtail corporate financial irresponsibility, the Obama administration has been working fervently to control white-collar tax cheats. The media has successfully portrayed the businesses that have overseas bank accounts as “suspicious” and potentially guilty of tax evasion.  In 2001, there was a $345 billion tax gap–most of which can be accounted for by the underground economy of tax evaders who have strategically utilized foreign tax havens and
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The Wall Street Journal reported that the IRS has come under fire for mishandling mail audits by a senior agency official— who is questioning the effectiveness of correspondence audits. A typical mail audit requires taxpayers to send documentation for items claimed on their returns, such as deductions for charitable donations.
But according to Nina Olson, the Internal Revenue Service’s National Taxpayer Advocate, many taxpayers have faced needless stress and aggravation when
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A Treasury Department watchdog said in a report released April 9 that the IRS must do more to combat tax fraud identity theft, asserting that the IRS rarely pursues or prosecutes fraudulent tax returns filed by identity thieves.
Yesterday I posted about how tax fraud identity theft is on the rise. To make things worse, J. Russell George, the Treasury inspector general for tax administration, said the IRS does not do
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Abatement A partial or complete cancellation of taxes, penalties or interest owed by a taxpayer.
ACS See Automated Collection System.
Automated collection System (ACS) A computerized collection process for IRS collectors to contact delinquent taxpayers by telephone and mail.
Collateral Agreement An agreement sometimes secured by the IRS prior to acceptance of an Offer in Compromise when the IRS wants to cover a future, reasonably possible event, such as a
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Taxpayer Advocate
The mission of the Taxpayer Advocate is to:

Help taxpayers solve problems with the IRS and recommend changes that will prevent those problems from reoccurring
The Taxpayer Advocates have been folded into the National Taxpayer Advocate Service to establish an independent channel for taxpayers that are having problems with a specific case.
The Taxpayer Advocate
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IRS Operating Divisions
There are four operating divisions with specific responsibility for taxpayers assigned to that division. Each operating division has Criminal Investigation Division, Appeals, Taxpayer Advocate, and Chief Counsel Personnel attached to the division.
Areas and Territories
The divisions are divided into areas and territories. The Territory Managers and Area Managers have responsibility for practitioner liaison relationships and resolution of issues in the field. The Territory Managers are responsible
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Due to Congressional concerns over the growing gap between taxes that should have been collected and taxes that were actually collected, the IRS is moving to reallocate its budget resources. Ultimately, this will be evidenced by a significant increase in IRS personnel and potentially third party collection agencies dedicated to support tax compliance and collection efforts. Recent IRS collection initiatives are yielding increases in both levies and tax revenues collected.
On
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Q: You have received a notice (CP-504) from the IRS?
Q: You owe the IRS. What if you cannot pay it all right now?
Q: What Is “Currently Not Collectible” ?
Q: What is Installment Agreements (Ias)?
Q: What is the Taxpayer Advocate Service?
Q: Who can file an Offer In Compromise?
Q: What are the requirements for an OIC?
Q: What is the most common reason for the large
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