News

Myth: The IRS Can Take Your Money If You Don’t Give It to Them Voluntarily

When it comes to installment payments, it used to be that the IRS wouldn't agree to the arrangement if the taxpayer's debt would not get paid off before the statute ran out.

Accounting Today posted an article this morning claiming that undercover investigators from the Treasury Department were kept waiting for sometimes up to 4 hours at some Taxpayer Assistance Centers.  In a few of the cases, they were even told they would have to come back the next day because there were already too many taxpayers in line for the day.

Accounting Today wrote an article regarding the IRS not responding to taxpayer correspondence on time. The IRS has a self-imposed 30 day deadline to report to inquires from taxpayers and it looks like only about 19% of them are receiving timely and accurate responses. The report says the IRS mails "interim letters" to taxpayers, but doesnt provide them with any information specific to their accounts. This leaves the taxpayers not clear on what they need to do next.  

What to do if you disagree with an audit

BBB of Acadiana warns of Baton Rouge company running corporate compliance scam.

"Tax Lady" Roni Lynn Deutch shuts her firm down...

Another “big” tax resolution company closes amid allegations.

On April 13th, 2011, ABC News ran a story exposing a National Tax Resolution Company's unethical business practices, taking clients' money and not representing them in the most professional way.

Tax Bankruptcy is a complicated legal topic that goes beyond the scope of a newsletter. However, we would like to share some basic issues that you need to understand if you're even considering bankruptcy as an option to relieve your tax debt.