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Myth: "You MUST avoid failing to file taxes at the time required by law."

What is it about the Offer-In-Compromise that's attracted so much attention? When President Clinton signed into law the IRS Restructuring and Reform Act of 1998, it opened the door for taxpayers to potentially have crushing tax debt actually forgiven by the IRS.  

National Taxpayer Advocate Nina Olson's latest mid-year report to Congress calls the IRS "an institution in crisis," with its many problems affecting its ability to conduct its mission.

If you receive your "Notice & Demand of Payment" and you don't pay the tax debt, the IRS can then choose to pursue the lien on your property. When they do, all of your creditors are notified that the government now has a claim against all of your property.

Phony tax preparers may offer extravagant services through alleged clever use of the law. Watch out for such enticing claims. The IRS considers a taxpayer, not preparer, liable for false statements or mistakes on tax documents. Fortunately, there are several ways to ensure a tax prep service is legitimate.

WASHINGTON, June 7 (Reuters) - The U.S. Internal Revenue Service, under political fire and distracted by leadership changes, faces a big job and tight deadlines in months ahead as one of the main federal agencies implementing President Barack Obama's new healthcare law.

Back taxes are simply taxes that you owe that you didn't pay when they were due. If you've underpaid taxes for any reason, the balance that you owe is considered back tax. You may have failed to report taxable income (intentionally or unintentionally, it doesn't matter) – as the IRS sees it...you still owe them money in the form of a back tax.

Cary Bryson, co-founder of Bryson Law Firm L.L.C. explains how the recent IRS scandal is indicative of the broad power of the agency, and why a tax resolution attorney is best for resolving IRS problems.

A former Internal Revenue Service agent and manager has pleaded guilty to criminal conflict of interest charges and been convicted after admitting to opening her own tax and accounting business, which earned her $70,000 on the side while working for the IRS.

Attorney Cary B. Bryson has Achieved the AV Preeminent® Rating - the Highest Possible Rating from Martindale-Hubbell®

Cary B. Bryson, a lawyer based in Lafayette, LA whose primary area of practice is Tax Law, has earned the AV Preeminent® rating from Martindale-Hubbell®