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
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I recently blogged about the federal budget forecast for a $1.8 trillion deficit. There is close to a $400 billion tax gap each year.  This means that taxpayers paid $400 billion less than they should have.  Collecting  these funds through more aggressive collection tactics by the IRS will be politically more appealing than raising taxes - so taxpayers beware!
Closing the tax gap will require greater IRS enforcement for individuals as
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I recently blogged about the new economic stimulus package and how it affects your IRS bill. In addition to funding deficit-reduction activities, the federal government is looking at ways to close the tax gap by taking a closer look at employment tax returns.
According to the most recent estimates, payroll tax mistakes cost the IRS $15 billion - and tax experts agree that today’s figure is much greater! For several years
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Check out my small business tax tips on AccountingSolver.com: Don’t Let Payroll Taxes Sink Your Small Business.
There are plenty of ways to bring down the wrath of the IRS, but failing to file and pay payroll taxes is one of the swiftest and most efficient ways to close your doors. Trouble with payroll taxes can be the downfall of otherwise successful small businesses. I’ve been picking the brain of tax
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I was recently approached to write a guest article for resourcenation.com, a great site for anyone interested in planning, starting and growing a business! In addition to helping business owners and managers identify qualified vendors, the site also features great articles from industry experts!
Check out my tax expert article: With IRS Audits on the Rise, Knowing How to Avoid or Resolve a Tax Audit Could Save You Money and Protect
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Please check out my guest article featured on The Wandering Tax Pro. I love contributing to this special series that features the best-of-the-best tax advice on the web.
TWTP’s Robert D. Flach is a tax expert who scours the web for great articles on personal finance and other blogs or resources that would be of interest to tax professionals. So please wander over there to read about “My Best Tax Advice
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When I was on the Big Biz Show with Sully and Russ this month, we were talking about how the recent economic crisis has had a lot of people re-evaluating how they borrow and invest.
If you recall back in the late 80s early 90s when we had the last big recession, the price of gas was $1.20 and people had to make the decision on whether to pay the mortgage
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Continuing education courses for tax attorneys and CPA’s.
Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. This guide can help hundreds of individuals and business with their IRS Collection Problems. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes - often for pennies on the dollar. The
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