Author Archives: Marty Martelle

Current State of IRS Collections

It is no secret that the IRS has stepped up collection enforcement of past due taxes.  They have been very aggressive lately about attempting to collect taxes that are past due.  We have also noticed an increase in the number … Continue reading

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After a Divorce, Who Gets the Tax Benefits of Children?

In a divorce, parents often dispute who gets custody of the child. The answer to that question can have serious personal and financial consequences. One of the often overlooked long term effects of this decision is on who gets to … Continue reading

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IRS Steps Up Collection Enforcement

It is no secret among tax professionals that the Internal Revenue Service has begun attempting to collect past due taxes with a vengeance.  It appears from what we are seeing that there is a definite trend towards the IRS taking … Continue reading

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What to do with your tax problems?

If you are faced with IRS or state tax problems, it can be an awful experience.  The IRS and most state taxing authorities can be relentless in trying to collect past due taxes. The Internal Revenue Service has incredible powers … Continue reading

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Questions and Answers on Offer in Compromise

When clients contact us with tax problems, one of the most frequent questions we hear is: “can we settle with the IRS for less than we owe?” or “can we just pay the tax and have the penalties and interest … Continue reading

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What is an installment agreement with the IRS?

If you owe the IRS money for unpaid taxes, it wants the money as soon as possible. While the IRS will sometimes take harsh actions, such as a levy (for information on levies, see our previous blog post), it also … Continue reading

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What is the difference between an IRS Levy and an IRS Lien?

Many of our clients retain us after receiving a paper that shouts the word levy or lien at them. An example of one of these letters from the IRS reads: “CALL IMMEDIATELY TO PREVENT PROPERTY LOSS FINAL NOTICE OF INTENT … Continue reading

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What is an “Offer in Compromise” and do I qualify?

Simply put, an Offer in Compromise is a deal between the IRS and a taxpayer or a business to settle all of their tax liability for a certain sum, to be paid in a certain way.  But, Offers in Compromise can … Continue reading

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Getting Your Ducks in a Row: Preparing to Negotiate with the IRS

To be eligible for the IRS’s Offer in Compromise program you must first make sure you are up to date on your filings and any payments owed. The IRS requires that you have filed all your tax returns, made all … Continue reading

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What Does It Mean To File An Offer In Compromise?

OIC is a simple acronym that stands for “offer in compromise”. An offer in compromise refers to a type of agreement between the IRS and a taxpayer. When this type of settlement is agreed upon, the taxpayer pays less taxes … Continue reading

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