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What Form Do I File For Unfiled Tax Returns?
Uh oh. April 15 has come and gone…and come and gone again…and again! You haven’t filed your taxes but now it’s time to get it together and handle this monkey on your back. How do you do it? What do you...
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What Are Acceptable Special Circumstances For An Offer In Compromise?
[youtube_video] WCffTtaJHrI [/youtube_video] Offers in Compromise is not the “tax relief option” of choice it used to be. It used to be fairly easy to get the IRS to agree to one. But with the downturn...
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Can The IRS Take Your Primary Residence?
Owing money to your friend is a lot different from owing money to a loan shark. Equally, owing money to a credit card company is a lot different from owing money to the IRS. While your friend or a...
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IRS Tax Relief Programs Available
[youtube_video] MfFlXn33UwY [/youtube_video] All hope is not lost if you are behind on your taxes. While penalties and interest can be very expensive, making your total tax debt feel hopeless at times,...
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IRS Failure To Pay Tax Penalties
[youtube_video] MfFlXn33UwY [/youtube_video] Many taxpayers understand that if they don’t pay their taxes on time, they will pay a penalty. But there are a few details worth knowing for a taxpayer that...
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Sample Abatement Letter
If you owe taxes and don’t pay them by the deadline, you will be assessed a penalty based on the amount of tax owed and interest will accrue. While there is a law that prevents the IRS from doing...
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Tax Consequences of Foreclosure
The Mortgage Debt Relief Act of 2007 essentially allows taxpayers to exclude income from discharging debt on their principal residence. You’ll want to check the details of the exclusion to see if you...
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Sample Letter: IRS Delinquent Tax Payments
If a taxpayer has an installment agreement with the IRS, the IRS expects monthly, on-time payments throughout the duration of the agreement until the debt is paid off. If any payments are made more...
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IRS Tax Relief
“Nothing is certain but death and taxes.” Anyone who has ever been on the Internal Revenue Service’s bad side can attest to the truth in this statement. Having IRS trouble causes a significant amount...
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Sample To Cancel an IRS EIN
An Employment Identification Number is only assigned one time. Whether it is used to file a company’s taxes or not, it will never be reassigned to a new business. With that being said, the IRS cannot...
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