Category Archives for AUDITS, APPEALS, & LITIGATION
The IRS is Going on a Hiring Spree
The Internal Revenue Service is looking to hire more than 5,000 employees in three cities over the next few months, and another 5,000 employees over the course of the next year. It has also added voice
Read MoreWhat Is Power of Attorney and When Is It Used?
To protect your privacy, IRS employees won't talk to just anyone about your taxes. To give them permission to discuss your taxes with someone other than yourself, the IRS will need a power of attorney
Read MoreHere’s How to Evaluate a Tax Relief Firm from a Cost Standpoint.
Note: you should refer to a tax attorney. Tax attorneys have the highest level of representation and credentials and can offer more options to you compared to a CPA or an enrolled agent. You need to know
Read MoreThe IRS Signs Three New Collection Agencies
Seriously tax-delinquent taxpayers may soon hear from someone new.The Internal Revenue Service has awarded contracts to three private collection agencies for the collection of overdue tax debts. The new
Read MoreIRS switched strategies for pursuing the wealthy, but came up short
The Internal Revenue Service ended one strategy for examining high-income taxpayers in 2017 and switched to another strategy involving the IRS targeting the wealthy that brought in far less tax revenue
Read MoreU.S. Treasury Announces New Cryptocurrency Tax Reporting Requirements
The Treasury Department announced that it is taking steps to crack down on cryptocurrency markets and transactions and said it will require any transfer worth $10,000 or more to be reported to the Internal
Read MoreBiden Seeks $80 Billion to Bolster IRS, Tax Enforcement!
To frame this article in the proper context, the Biden administration and Congress are seeking to pump a lot of funding to the IRS, to increase enforcement against tax delinquency, among other things.
Read MoreWhat To Do If You Receive Notification of an IRS Tax Lien
Notification of an IRS Tax Lien can be intimidating to process. But dealing with it doesn’t have to be. This is important to know: if you have a Federal Tax Lien filed against you, it’s important that
Read MoreChoosing to File for Financial Hardship
When you're dealing with financial hardship, just making ends meet throughout the month is a challenge, and it's likely you wouldn't be able to add another payment into your budget. That said, when you
Read MoreCongress Ends 2019 Passing Last-Minute Tax Changes
In the eleventh-hour of 2019, the House passed a $426 billion tax cut plan that would revive a hodgepodge of benefits known as extenders, kill a controversial tax on church parking, rescind several Obamacare
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