IRS Problems Archives

  1. Paying the IRS

    More and more taxpayers are paying their taxes electronically due to the number of available payment options. While each option has its pros and cons, depending upon the taxpayer’s needs, the options are safe and secure and give the taxpayer a streamlined way to pay taxes.

  2. Budget Cuts at the IRS

    According to a new report from the IRS Taxpayer Advocate, taxpayers can expect slower service from the IRS. It has never been easy or efficient to deal with the IRS but, in a time of reduced budgets for the agency and increasing returns to deal with, it looks like it will continue to deteriorate.

  3. Business Law Issues for the New Year

    Owning and operating a business is a challenge under the best of circumstances but each new year brings new changes in laws and a flurry of compliance requirements. Make sure that you know what your legal and compliance obligations are, create a calendar to track and remind you and make sure it is all done on time.

  4. IRS Audit Rates

    It looks like there is a downside to being wealthy: tax audits.  The more you make, the more likely it is that you are going to be subject to and IRS audit.  The reality is, though, that for most of us, the audit rate is very, very low.  According to CNN Money, the wealthiest taxpayers…

  5. IRS Statute of Limitations

    The IRS has only 10 years to collect a tax debt. The 10 years is counted from the date of the assessment (not the tax year) and the statute is extended if a taxpayer pursues any number of strategies.

  6. Do Not Avoid Tax Notices

    If you receive a notice from the IRS, the Department of Revenue or any other government agency for that matter, DO NOT IGNORE IT. These notices can be scary and they often threaten painful consequences such as a wage garnishment or a bank levy or seizure of assets. Generally, these issues will not just go…