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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 […]

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 […]

5 Reasons to File Your IRS Taxes as Early as Possible

If you always file your IRS taxes as soon as those W2s come in and then laugh at the procrastinators who hold back until April 15 draws near, you likely have your tax situation under control. The earliest day the Internal Revenue Service (IRS) will begin processing 2016 tax returns is January 23, 2017. What […]

How to Tell Whether Communication from the IRS is Real or a IRS Tax 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 […]

Trump’s Proposed Tax Policies and How They Affect You if You Owe Money to the IRS

Donald Trump’s tax proposal is detailed, but it doesn’t necessarily match what he said it would do. He proposes a three-bracket system – with rates of 12 percent, 25 percent and 33 percent – down from the current system, and the removal of the head-of-household tax-filing category. The standard deduction would be $15,000 for single […]

5 Character Traits to Look for When Retaining an IRS Tax Specialist

Clients expect their IRS tax specialists to boast a degree of precision and have great organization skills, but there is more to being an exceptional tax preparer than these two traits. The most successful IRS tax specialists tend to have vast amounts of practical knowledge, and they are simultaneously extremely precise with a sharp eye […]

Happy New Year from Highland Tax Group, Inc.

Hello!! I hope everyone is having a great start to 2017. I wanted to write today to thank each and every one of you, who have assisted or helped in some way, to make my business more successful in 2016. Not only was my business more successful, but I was also more successful on a […]

The 20-Mile March: A Powerful Way of Thinking About How to Pay Off a Substantial IRS Debt

You’re in debt to the IRS. Whether you owe $5,000 or $50,000, the fact remains the same – they want your money, and there is no way around it. When bills are piling up, the mortgage needs to be paid and the holidays are quickly approaching, any IRS debt can feel significant, and you’re now […]

The Modernization of the IRS Offer in Compromise Process: What’s Happening and What it Might Mean for You if You Want an OIC!

The Internal Revenue Service (IRS) will make all IRS offers in compromise cases available online instead of just having hard copies available at local offices, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA). Following several high-profile scandals throughout the early 1950s, the IRS was forced to provide the public […]

First Time Penalty Abatement Accepted Saving Client $35,000!

Our client came to us this summer with a hefty tax liability, (over $125,000) along with IRS penalty and interest charges, stemming from a broken relationship. She mentioned her now estranged husband managed to cash in most of their joint retirement accounts, not pay the tax, and then proceed to file separately from her. Thus […]