Category Archives for ELIMINATING IRS TAX DEBT

Is an Offer in Compromise Right for You and Your Situation?

Offer in Compromise (“OIC”) is a program developed and run by the IRS allowing taxpayers to settle their tax debt for less than the full amount they owe. This is a useful program to look into if you

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Can the IRS Garnish My 1099 Earnings?

  • July 12, 2019

Yes! IRS 1099 Non-Wage Garnishment works similarly to W2 Wage Garnishment but no employer is involved. Because of that, there are some key differences.If you owe taxes to the IRS from a prior tax year,

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What Taxpayers Really Think about the IRS

  • July 3, 2019

For the last two years, the Internal Revenue Service has surveyed taxpayers to find out what makes them comply with their tax obligations. The study – called the “Comprehensive Taxpayer Attitude Survey”

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Is the IRS picking on you?

  • February 18, 2019

You are not alone. Running the government is expensive and the number one means for paying its bills and expenses is you - the taxpayer! The government is an equal opportunity debt collector. It doesn’t

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Some Key 2018 Tax Law Changes (for Business & Employers)

The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three decades, so millions of Americans are wondering which tax breaks they’ll still be able

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Offering Trust Fund Recovery Service can Enhance Your Practice

Trust Fund Recovery Penalty (or TFRP) resolution is a very important part of any tax problem resolution practice, and it can mean a lot of extra income for any CPA practice offering this service – there’s

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About IRS Tax Audits and How to Avoid Them

  • May 17, 2018

Most people cringe when they hear the word audit – and it’s a deserved reaction. Going through the process and ultimately resolving an audit is definitely not fun and could be costly, so it’s

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Can You Call it a Business or is it Just an Expensive Hobby?

  • April 17, 2018

It can be very difficult to determine and qualify the difference between the two. Here’s an example of how to be sure to (eventually) get on the IRS’ radar regarding this matter: Deduct hefty

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A Few Strategies To Reduce (Or Eliminate) the Taxes You’ll Owe on Your Social Security Benefits

  • April 17, 2018

Over the years, I’ve been asked how taxes on Social Security benefits are calculated, and if there are any strategies that would help them avoid paying taxes on their benefits? Whether your Social

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Convicted Of Tax Evasion, Poker Chip CEO Was Facing 10 Years, Got Only 10 Months

  • April 17, 2018

The CEO of a Maine poker chip manufacturer was found guilty of tax evasion for paying employees under the table and evading payroll taxes. John M. Kendall was convicted on three felony counts of theft

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