Posts Tagged ‘bank levy’
Friday, May 22nd, 2009
Bill Handel is a nationally syndicated talk show host who offers expert legal advice on his entertaining show Handel on the Law.
Here’s some great income tax relief advice from Bil:
Do you owe the IRS over $15,000 in back taxes or do you have unfiled tax returns? Don’t hide from the IRS!
Tax Resolution Services can help you negotiate a settlement of up to 85% of the original amount owed including
Tags: Back Taxes, bank levy, bill handel, delinquent tax returns, delinquent taxes, Handel on the Law, IRS garnish your wages, IRS levy your bank accounts, irs problems, legal advice, Michael Rozbruch, tax expert, tax help, tax help consultation, tax problems, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement, Tax Tips, unfiled tax returns, wage garnishment
Posted in Unfiled Returns - Delinquent Tax Returns | No Comments »
Thursday, April 30th, 2009
Question: Does the 10 year collection statute begin when the civil penalties are due? Or, when the installment agreement has begun? Or, as in my case, when the installment agreement was reinstated?
Answer: The 10 year Collection Statute Expiration Date (CSED) begins on the ASSESSMENT date, not when the taxes are due and not when you begin an Installment Payment Plan.
There are exceptions to this rule, including if the taxpayer agrees
Tags: bank levy, collection statute expiration, collection statute expiration date, expired tax debt, income tax relief, Installment Agreement, installment payment plan, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Payroll Tax Problems, tax advice, tax debt, tax expert, tax lien, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert, Expiration of the Collection Statute | No Comments »
Thursday, April 23rd, 2009
When I was on the BigBiz Show with Russ and Sully ealier this month, we talked about what taxpayers should know about working with the IRS to solve their tax problems. We also talked about the tough economic times that we’re experiencing and how it’s not so much a Great Depression - but a Great Correction.
And as Sully pointed out, for many Americans, April 15th is not tax filing deadline,
Tags: Back Taxes, bank levy, bigbiz show, income tax relief, IRS collection tactics, IRS enforcement policy, IRS Payment Plans, Michael Rozbruch, tax advice, tax cheats, tax debt, tax delinquents, tax expert, tax gap, tax help, tax problems, Tax Relief Consultation, tax resolution, tax resolution expert, tax resolution services, unfiled tax returns, Working with the IRS
Posted in Tax news and tips, Working with the IRS | No Comments »
Monday, April 20th, 2009
Did you pay your taxes this year? You can run, but you can’t hide from the IRS! However, there is hope for struggling taxpayers to resolve back taxes and avoid IRS penalties!
For the millions of Americans who failed to file legally required tax returns, there’s still hope for receiving income tax relief! Even taxpayers who received an extension for filing are not granted more time for the payment of taxes
Tags: bank levy, delinquent tax returns, failure to file federal tax return, failure to file penalty, failure to pay penalty, income tax relief, IRS payment plan, IRS penalties, Michael Rozbruch, Offer in Compromise, Richard Hatch, substitute for return, tax advice, tax attorney, tax expert, tax help, tax resolution, tax resolution expert, tax resolution services, tax settlement, Tax Tips, unfiled tax returns, wesley snipes
Posted in Tax Resolution Options and Alternatives, Tax news and tips, Working with the IRS | 5 Comments »
Tuesday, March 10th, 2009
As the KLOS Tax Man, I give free tax advice to listeners who need help with their tax debt. It’s a great way for be to share my IRS problem solving skills and help more Americans qualify for tax relief. Check it out!
Tax Tip #44: Individuals finally get a tax break. For 2009 and 2010, taxpayers will see an immediate increase in their take home pay by between $400 to
Tags: Back Taxes, bank garnishment, bank levy, delinquent tax returns, i need tax help, IRS audits, IRS debt, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, tax advice, tax attorney, tax break, tax expert, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement, Tax Tips, unfiled returns, unfiled tax returns, wage garnishment, wage levy
Posted in Tax news and tips | No Comments »
Sunday, January 11th, 2009
The IRS issued a statement saying that they are taking steps to help financially distressed taxpayers. Depending on the circumstances, taxpayers in hardship situations may be able to adjust payments for back taxes, avoid defaulting on payment agreements or possibly defer collection action.
In other words, for taxpayers who have lost their job, seen a significant decline in their income, been forced to close down their business - the IRS “may”
Tags: avoiding IRS penalties, Back Taxes, bank levy, defer IRS collection, failure to file, IRS help, Michael Rozbruch, Offer in Compromise, tax attorney, tax expert, tax help
Posted in Tax news and tips, Working with the IRS | No Comments »
Saturday, December 29th, 2007
Delayed IRS Collection
IRS policy states that whenever the taxpayer raises a question or presents information creating reasonable doubt as to the correctness or validity of an assessment, “reasonable forbearance” will be exercised with respect to collection efforts as long as the interests of the government are not jeopardized.
This does not mean the taxpayer’s debt will be forgiven, or a tax lien will not be
Tags: bank levy, collection statute expiration, delayed IRS collection, delinquent taxes, not collectible, reasonable doubt, reasonable forbearance, tax lien, tax liens, wage levy
Posted in Delayed IRS Collection and Currently Not Collectible St, Expiration of the Collection Statute, IRS Operating Divisions, Tax Liens and Levies | 1 Comment »