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7 Warning Signs That Your IRS Enrolled Agent is Not Doing a Good Job…and Could Be Making Your Situation (Much) Worse

As Ben Franklin famously observed, there are two things guaranteed in life: death and taxes. With tax season underway, it’s critical to ensure your IRS enrolled agent is promptly–and correctly–filing your taxes. Here are seven warning signs that might indicate an agent is making your situation worse: No strategic plan Your IRS enrolled agent should […]

Here’s What Happens if You Mess with the IRS: Cautionary Tales

Don’t forget how they finally caught Al Capone. It wasn’t for murders or gun-running. It was for tax evasion and IRS fraud. And that wasn’t the end of the Internal Revenue Service’s criminal convictions: According to its annual report, the IRS made approximately 3,000 convictions in 2015 alone. So here are a number of cautionary […]

Part III: What To Do If You Could Lose Your Passport Due to IRS Tax Liability

A New Law Means That Delinquent Taxpayers May Lose Their Passports As we discussed, due to a new law, the State Department may now seize US citizens’ passports if the holders have seriously IRS tax liability (defined as owing more than $50,000). If you’re someone at risk of losing your passport, you should know about the […]

Part II: How Tax Debt May Keep You From Traveling–Even Within The US

A New Law Means That Delinquent Taxpayers May Lose Their Passports Part II A recently passed law–known as the “FAST Act”–now requires that the IRS notify the US State Department of citizens who are seriously delinquent on unpaid taxes–those who owe in excess of $50,000 and are under a tax lien. Once the IRS sends […]

Part I: How IRS Back Taxes Affect Passports

A New Law Means That Delinquent Taxpayers May Lose Their Passports – 3 Part Series The recently enacted “FAST Act”–Fixing America’s Surface Transportation–provides long-term funding for the country’s highways and other transportation projects. While an infrastructure act might not seem relevant to you, it may have a huge effect: because one clause in it may […]

Confronting Your Worst Fears About Your IRS Tax Trouble: How to Tackle Your Messes Head-On

It’s commonly said that people should face their fears to overcome them. For instance, if you’re afraid of the dark or heights, gradually expose yourself to environments where you can confront this fear while still feeling safe. However, this solution might not be much help if you fear the Tax Man. According to a recent […]

How to Tell Whether a Communication from the IRS is Real or a Scam

Tax identity thieves are paying attention. They listen to the Internal Revenue Service (IRS) warn the public that the agency will not call or send emails to discuss tax issues. Instead, the IRS always first contacts taxpayers via old-fashioned snail-mailed letters. So, that’s what tax criminals are doing now, too. In fact, even the IRS […]

IRS Offer in Compromise Program: January 2017 Edition

According to a proposed rule set published in October 2016, the Internal Revenue Service (IRS) could soon increase the fee for its tax liability IRS offer-in-compromise (OIC) settlement program. By hiking its cost from $186 to $300 after February 27, 2017, the agency aims to lose less money on the program. However, the IRS would […]

Owe Money to the IRS? Here are 20 Terms to Know

One of the reasons many people struggle with taxes is because the IRS effectively has its own language. You can access IRS instructions and forms with ease, but if you can’t decipher the vocabulary, you will face trouble and frustration – almost as if you’ve been parachuted into a surprise college Latin final. To simplify, […]

IRS Audit Concludes with No Change to 2014 Tax Return!!

Our client came to us this past December with an IRS Audit looming over his shoulders. He received notification from the IRS (generally called an IDR, or Information Document Request) that the IRS was conducting an audit for his 2014 tax return. More specifically, the IRS Audit wanted to take a peek at car and […]