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If you don’t have money to pay what you owe the IRS, you have a few options to work with. Whatever you do, don’t ignore the letters from the IRS, and don’t let your back tax problem go unattended. The IRS has excellent power to recover the money they think is theirs. When you owe…

You may have heard on the radio, TV, and online that you can settle your tax bill for less than what you owe. But are these claims valid? And can you pay your tax debt without hurting yourself in the long run? Some of these national tax resolution firms you hear advertising offer minimal service;…

If you owe back taxes to the IRS, some panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most brutal collection agency on the planet. It is easy to freeze up and just do…

When you owe money to the IRS, it is hard to think about anything else. While being in debt is never fun, no matter who the creditor is, the IRS enjoys almost unlimited power to collect the money they are due. Unlike your mortgage lender or credit card company, the Internal Revenue Service has the…

The IRS Fresh Start Program Can Help You Pay Your Taxes Are you struggling to pay your federal taxes? If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The IRS began Fresh Start in 2011 to help struggling taxpayers. Now, to help more taxpayers, the IRS has expanded the…

I want to go over some of the basics regarding the dreaded IRS Notice CP 2000 by providing a base description of what it is, the importance of timely response, an example of when this situation could occur, and finally, based on the example used, how to prepare for it. Ordinarily, when an IRS Notice…

Taxpayer Follow-up Maintenance I proudly wore my CPA and Enrolled Agent hat while I labored through a busy tax season. With April 18th come and gone, there is now time to reflect on how going forward I can improve the processes and communications mediums of my firm. There’s also a lot to reflect upon regarding…

The IRS can assess a penalty on individual taxpayers who fail to file, fail to pay, or both. The failure-to-file penalty is greater than the failure-to-pay penalty. If someone is unable to pay all the taxes he owes, he is better off filing on time and paying as much as he can. The IRS will…