Baker Law Firm, P.C.
Contact Us 203-648-4737
24 Delay Street, Suite 1, Danbury, CT 06810

November 2016 Archives

IRS collection matters: make arrangements prior to year's end

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 collection matters. If the taxpayer contacts the IRS and makes arrangement for paying the debt by Dec. 31, 2016, the account will stay in the IRS office, per the agency.

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 trigger tax penalties.

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 owed to the IRS. Perhaps the repayment of unemployment compensation or an excess advance premium tax credit caught an individual off balance.

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.

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24 Delay Street, Suite 1
Danbury, CT 06810

Phone: 203-648-4737
Fax: 203-791-1892
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