The Truth About Offer In Compromise Calculators

Reviewing Offer in Compromise Calculators
As Tax Resolution Professionals in the modern age, we routinely receive advertisements for different software products to “help” us in our representation of our clients. One of the more recent software products we have been contacted about is an Offer …

ObamaCare Tax Increases

There are some changes that are set to happen with the Obamacare tax increases, and for which there are no serious Congressional changes in the pipeline (as of yet), and we should start preparing for…

FEMA Shuts Down IRS Collections

Sandy stops tax enforcement – We have just found out about this; there has been no press release and scant additional information. But it appears that FEMA has ordered that because of Hurricane Sandy, IRS collections (levies and liens) be shut down in affected areas.


The IRS website says this:

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.


However, this is unconfirmed information, but we are being told that Revenue Officers and Examiners are told to stand down and not make contact or engage in collection or audit procedures if the taxpayer resides in one of the following counties:

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Private Placement Life Insurance: Is PPLI the Holy Grail?

Private placement life insurance – – Why isn’t private equity feeling the love?

VIDEO UPDATE 10 – 26 – 2015: How to avoid ordinary income gains and fund your PPLI

Original article as written on 11/14/2014:

So, you fancy yourself a fan of hedge funds? Going out on a limb here, we …

Connecticut State Tax Changes

I just received a host of proposals for the upcoming Connecticut Legislative Session proposed or endorsed by the Connecticut Department of Revenue Services (DRS) regarding Connecticut State Tax Changes. Two of the proposals will impact our state tax resolution clientele who have issues with …

Best Tax Audit Help? Keep It Boring For Success!

Why excitement and the best tax audit help are usually mutually exclusive goals
What is a successful tax audit? To answer that question we must answer this question: What is a boring audit?

Tired kitties are the happiest kitties

It goes something like this. After the initial …

Estate Tax Rates: Exemptions

Estate Tax Rates and Exemptions for 2013 – The future of the “death tax” is up in the air. I’m going to go over some of the proposed changes in the Estate and Gift Taxes and what they might mean for you, how you can plan in anticipation of these changes, and what could happen if you…