If you’ve ever had to order your old tax returns, you know the frustration of hearing some IRS employee say, “Well, just fill out and send us a Form 4506”. But, then when you go to the IRS website, there are 7 different types of Forms 4506. One common reason for needing to have a […]
Dangers of making an Offer in Compromise to the IRS
You have undoubtedly heard TV advertisements promising to “compromise” “settle” or “negotiate” your IRS debt & you are given the impression that the result is guaranteed to be in your favor. If you will notice, these ads rarely come from Attorneys because Attorneys have a duty of honesty and advocacy for your interests. Many of […]
Steps to secure an installment agreement with the IRS
Payment with No Agreement There are some advantages to simply paying the IRS without a payment agreement, i.e, “Voluntary Payment”. For one, you can designate which year to apply the payments. This is helpful if you owe for multiple years & need to favor a particular year. But, the IRS will keep pestering you […]
Health Care Insurance Penalties & Taxes
There are several benefits to having Health Care Insurance & there are burdens for failing to have Health Insurance. Supposedly, when the President signed Executive Orders 13813 & 13765 the IRS wouldn’t require disclosing if you had Health Insurance nor would the IRS collect if you did not have Health Insurance. However, the IRS has […]
How to discharge taxes with Bankruptcy
There are 2 types of bankruptcy generally available for most taxpayers: Chapter 7 & Chapter 13. To discharge taxes with a Chapter 7 bankruptcy you must have timely filed the returns. And the tax must be greater than 3 years old and was assessed more than 2 years prior to the filing of the bankruptcy. […]
