Tag Archives: tax help

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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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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Basics of Installment Agreements

There are three general types of Installment Agreements that the IRS will accept, depending on circumstances.  They are: STREAMLINED INSTALLMENT AGREEMENT: If the taxpayer owes less than $25,000, an installment agreement is not as difficult to obtain.  The IRS has … Continue reading

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Who Can I Trust With My IRS Tax Problems?

In watching the news, we have seen that Ronnie Deutsch had been charged criminally, Tax Masters Has filed Bankruptcy and other firms that promise IRS Offer in Compromise settlements for “Pennies on the Dollar” have been investigated by Regulatory Agencies. … Continue reading

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Trust Fund Recovery Penalty

Trust Fund Recovery Penalty Employers have a responsibility to withhold income from their employees’ earnings and deposit those withholdings and employment tax with the Internal Revenue Service.  These taxes are called trust fund taxes because you actually hold the employee’s … Continue reading

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“Can I settle my taxes for Pennies on the Dollar?”

As a Tax Attorney, this is one of the most common questions I hear.  The next most common question is “if I pay just the tax can I avoid the penalties and interest?” Generally speaking, the IRS will not settle … Continue reading

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