Tax Trouble And IRS Collection – Taxpayer Rights

TAX TROUBLE – IRS COLLECTION – TAX DISPUTES – TAX PENALTIES – TAX LAWYERS… Dealing With The IRS What happens if you receive a letter from the Internal Revenue Service? How should you correspond with the IRS? What is the Taxpayer Advocate?  IRS And Collection How does the Internal Revenue Service go about collecting unpaid taxes? What Read more…

Can I Pay Back My Back Taxes In Installments?

IRS INSTALLMENT PLANS An installment agreement is an agreement to pay the taxes over a period of time in monthly installments. If you and the IRS have an installment agreement, the IRS will not take any other collection action unless you default on the agreement. Small Tax Debts If you owe less than $10,000, the Read more…

Communicating With The IRS

Should I Speak Directly With The IRS? It depends on your tax exposure and whether you really believe you may be accused of criminal conduct.   Most of the time, you have nothing to worry about. Small tax bills are resolved by working out a payment plan that often can be done online. But if you have Read more…

Reasonable Basis – Tax Position

To avoid the substantial understatement penalty by adequate disclosure, you must properly disclose the position on the tax return and there must at least be a reasonable basis for the position. To properly disclose the position, complete and attach IRS Form 8275 to your tax return and disclose all relevant facts. A reasonable basis is Read more…