Getting IRS Fresh Start Tax Relief just got a whole lot easier thanks to a new rule established by the IRS allowing taxpayers to set up payment plans that are not only affordable for taxpayers to make, but can also significantly reduce your IRS tax debt.Read More
In a recent newsletter the IRS provided the following information regarding the Taxpayer Advocate Service:
The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers who are experiencing unresolved federal tax problems. Here are 10 things every taxpayer should know about TAS:Read More
by Walter Wotman, CPA
At the end of the year, it's time to watch the dust settle on all of your financial transactions. From making the money, to spending the money, to investing the money, taxes are sprinkled on almost every financial move we make. It's very rare to pay exactly how much you owe over the year. Filing a tax return summarizes for the IRS what you've done financially in a given year, in order to be sure that you have paid what you owe in taxes for your financial decisions and/or to be sure that you didn't pay too much. It's essentially a way to "settle up" with the IRS on a yearly basis.Read More
Can I Negotiate Myself?
The short answer is yes, you can negotiate with the IRS. You can work with the IRS directly and successfully to complete a tax settlement, but taking advantage of a free consultation from a qualified professional before you start is a good way to get a favorable settlement that you can live with. Deciding on going alone, or working with an IRS certified and approved Enrolled Agent or a qualified Tax Negotiator can be a difficult choice to make. But working with someone who has experience can make a huge difference in the outcome of the negotiation and the amount of your settlement.Read More