An assessment is the formal recording of a taxpayer’s tax liability. However, this simple definition fails to alert you to the vast division between not owing and owing the IRS, which will bring a myriad of procedural rules to follow. Once the IRS places your debt into their system it is an “assessment” and they […]
Special problems arise when returns are not filed. Careful investigation must be done to determine the proper course of action. Here are some general articles:
With Friends Like the IRS, Who Needs Enemies?
At various times your “friends” at the IRS will send you notices attempting to get information or to promote some benefit that may apply to you. But, you should slow down & explore your options before you act. Unclaimed Money The IRS might ask for returns with the allure of unclaimed money in your IRS […]
There are many different reasons why the IRS may seize, refuse to send, delay or deny any Claim for Refund you have made. Any tax return you file is considered a “Claim for Refund”. Return Processing Errors The IRS will send you an immediate Notice if you’ve made an error & your return cannot be […]
Finding Lost Documents
One of the most common reasons why people lose against the IRS is because their documents are lost, unavailable or too expensive to obtain. Assuming that you can afford to obtain the records, how do you find lost documents? Why Does the IRS Want the Documents? Before you answer that question, you need to know […]
If it appears that you need to hire a representative to help you against the IRS there are many options. Who you choose will be a process of elimination. There are generally 3 types of persons who can represent you before the IRS: Attorneys, CPA’s & Enrolled Agents. An Enrolled Agent generally is an expert […]