Whether you've attempted to do your own taxes online or have submitted a complex filing due to owning diverse assets, the risk of an Internal Revenue Service (IRS) audit is real for everyone. This may lead you wondering what type information is most apt to get the...
Month: June 2017
Yes, you can offer a compromise to the IRS
Staying on top of paying taxes is not always a simple matter, especially for individuals who do not have their projected income taxes deducted from their paycheck automatically. In some cases, you may receive a bill from the IRS, at which point you should consider...
Can IRS Notices of Deficiency span multiple years?
When the Internal Revenue Service sends you a Notice of Deficiency, there may be multiple years at issue.For example, Portfolio Recovery Associates Inc., a debt collection company, recently announced it had reached a settlement agreement with the IRS over Notices of...
What is Connecticut tax fraud and tax evasion?
While few Danbury, Connecticut, residents are enamored of taxes, all need to pay the taxes that are legally due. Failures to do so can constitute tax crimes, such as tax fraud, which carries financial penalties inclusive of the amount owed and often fines as well.What...
An offer in compromise may spare you from IRS collection tactics
If you can’t pay your past taxes, don’t wait for the IRS to assign a third party to the task of private debt collection. Such third parties may utilize aggressive techniques that border on harassment. Taxpayer Strategies for Avoiding Private Debt Collection...