Congress is close to passing a law that would allow the State Department to revoke, deny or limit passports for taxpayers having more than $50,000 in delinquent tax debt, including interest and penalties. (more…)
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The IRS Offer in Compromise program allows qualified taxpayers an opportunity to settle their back tax debt for less than what is owed. When you submit an Offer in Compromise you are agreeing to comply with certain terms and conditions.…
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A CP2000 Notice is typically generated when the IRS computers determine a mismatch of income or deductions between information you reported on your tax return and information documents it receives from third parties. The mismatched items can result from: Omission…
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When you file a tax return and fail to pay the balance due the IRS will begin sending you a series of collection letters or notices. It is important that you understand the process, what the collection letters or notices…
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Freedom of Information Act (FOIA) requests can be helpful to taxpayers in resolving IRS tax problems. (more…)
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When you owe back taxes an installment agreement can be extremely helpful in solving your IRS tax problems. An installment agreement or payment plan will stop enforced collection and allow you to pay your back taxes over a period of…
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If you’re like most self-employed individuals you want tax relief. A simple tax planning idea for a sole proprietorship is to employ your children in the business. (more…)
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Several months ago we met with a taxpayer who was subject to an IRS wage levy for 2010 and 2011 back taxes and wanted to know how to stop the wage garnishment. (more…)
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The National Taxpayer Advocate Nina Olsen recently released a report which says that years of budget cuts have caused diminished customer service. (more…)
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As a result of an accident a Plantation resident received a significant personal injury settlement and asked one of our tax consultants whether it is taxable. (more…)
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