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IRS Tax Resolution Client Testimonials!

As some of you know, I had the opportunity to travel to Ecuador to take in some hiking last month. Pictured is the active Volcano Cotopaxi, my last hike of the trip. I stared at this mountain from my Hacienda for 3 days before attempting to summit. I fell ill with a cold and needed […]

Tax Statutes Expire Saving Client $100,000!!

Our client hired us in 2016 for a State of NY tax issue. At the time he owed the State of New York for a closed business in the amount of $100,000 give or take, including penalty and interest! The original assessment was $49,000. The State of New York has a personal tax assessment process […]

Floyd Mayweather’s Tax Problems, What Can We Learn From Them? (Part 2)

Professional boxer Floyd “Money” Mayweather has reportedly resolved his tax bill of more than $22 million owed to the IRS, paid from his winnings from the August 26 bout with Conor McGregor, The Blast reports. However, the strategy he and his attorney used to deal with the levy threatened by the IRS is worth analyzing […]

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 […]

IRS Direct Debit Program

The IRS will allow for a repayment plan to be auto-drafted out of a checking or savings account of your choice. However, if you feel the need to set up an IRS direct debit payment plan be ready for a few hurdles: You will need to be sure to provide banking information including your bank […]

What Will IRS Budget Cuts Mean in 2015?

The IRS promised to cut their budgets in 2015, again. The unfortunate part is what the taxpayer, myself as a practitioner, as well as others will deal with when looking to speak with an IRS representative. Below are a few examples of what we can expect in 2015: – Much longer hold times. The hold […]

Interest Rates Remain the Same For Q1

IR-2014-111, Dec. 4, 2014 WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015.  The rates will be: three (3) percent for overpayments (two (2) percent in the case of a corporation); three (3) percent for underpayments; five (5) percent for large […]