Probably no one but me noticed the new IRS video on Audits. The well-funded production includes actors playing IRS agents and taxpayer in sample scenes from an audit. It was actually very well-produced but suggests your duty to cooperate extends to any request they desire. This is simply not true. The video is very misleading […]
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 […]
Proving a Financial Hardship
Essentially, you will prove your financial hardship with the documentation which supports the entries you provide on the Form 433A which the IRS will request of you. This information can be used for a Penalty Abatement Request, to prove Uncollectible Status or to induce acceptance of an Offer in Compromise. For starters, you must diligently […]
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 […]
Powers of IRS Revenue Officers
When the IRS audits you they send an IRS Agent to investigate. When you owe taxes, the IRS sends a Revenue Officer to collect. This article deals with IRS tax debts and the powers of IRS Revenue Officers. Before they contact you about your file, the IRS Revenue Officer has already done an extensive background […]
