Month: March 2009

An IRS claim for refund is, in most cases, a form you file when you ask for money back that you overpaid to the IRS. The critical thing: A claim for refund is time-sensitive — essentially 3 years from the original due date of the return or 2 years from the date of payment. If … Read more

Personal income tax det can be discharged or eliminated, in some cases, by filing a Chapter 7 bankruptcy petition. There are many special rules that need to be followed and bankruptcy can not be used in cases of:

1. employment trust fund taxes,
2. or any time the IRS find out fraud or “tax-protesting” is involved.

There are two types of IRS audits; those done by mail and those done in person.

The Federal Trade Commission has issued several warnings on the tax resolution indusry. The long-ago bigplayers, JK Harris, Roni Deutch, Taxmasters and Americna Tax Relief however, were'nt driven out by government regulations, (Although Taxmasters was sued by the Texas Attorney General) but rather beause their reuptations grew som poor, the money they needed to support … Read more

What is an Installment Agreement, and is it an option for you or your business to use if you have a tax debt?  

What to do if you can’t pay.

It sounds so simple:  just call the IRS, explain your financial circumstances, and they’ll qualify you for ‘non collectible’ status.  If you are deemed to be ‘non – collectible’, the IRS must immediately stop all levies and garnishments.  But what if you say the …

Abating and reducing penalties & interest are both over-promised, yet there are some things that are sometimes overlooked.

Amending returns can lower an IRS Subsititute filed return. If you has an audit that went poorly, you might be eligible for audit reconsidetion. An offer in compromise doubt as to liability is made when there is a dispute as to whether or not you are really liable. These are actually quite rare as usually … Read more