How To Settle Your Taxes

When it comes to tax collection, the IRS isn’t the only government agency that you need to worry about. The Department of Justice can be involved in getting court judgments on tax payers and collecting back taxes. Generally, the tax situation has to be pretty serious for the Department of Just...
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IRAs and Tax Debt

Lately, the IRS has shown an increased willingness to seize IRAs and retirement accounts to pay delinquent tax debts. These deplorable levies are genuinely frightening to a retiree who cannot survive on Social Security alone. IRS management moves slowly in it’s approval of such levies. If you ...
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Unfiled Returns & Wage Levies

In order for the IRS to levy, it must have assessments. To generate assessments for a non-filer, the IRS will do substistute for returns (SFRs). The IRS will often use the SFR assessments to issue wage and bank levies. If the levies are a hardship, does the Taxpayer have to file his or her tax [...]...
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Late Filed Returns and Bankruptcy

Historically, a taxpayer could late file tax returns and, after a two-year window, discharge the taxes in a Chapter Seven bankruptcy. Even if the IRS had done Substitute for Returns (SFR), the taxpayer could discharge the taxes if he or she met the two-year rule. In 1999, a court case, Hindenlang,&n...
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HELP: Offer in Compromise

  For many people, the stress of taxes end with the end of tax season, but when you have back taxes you can be just beginning a path towards a scary and big problem.  The main cause of this difficulty is that the interest and penalties continuously building up. New Hope But, there is still...
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