A change is coming soon in Connecticut and elsewhere regarding the method used by the IRS with respect to its tax collection accounts. Beginning in 2017, there will be a switch to using a private collection company for most individual income tax and possibly other IRS...
Month: November 2016
Will a tax mistake result in penalties from the IRS?
In our last post, we noted that interest and penalties generally accrue until a tax debt is paid off, even if the taxpayer has negotiated an installment or other type of repayment plan with the IRS. This begs the question of whether all tax disputes or miscalculations...
Do penalties accrue during an installment agreement with the IRS?
When liability over a disputed tax is at issue, our tax law firm has helped many clients prepare a strong case. Yet IRS controversies arise over more than just different interpretations of the Tax Code. For example, an individual may simply be unable to pay back taxes...
Did the IRS fairly evaluate the collectability of your tax debt?
Our tax firm has helped many clients negotiate with the IRS. An administrative settlement can be a win for both parties: a taxpayer is able to move forward, and the IRS saves the time and expense of going to Tax Court or a federal district court.Depending on the...