Request Free
Consultation

[contact-form-7 id="325" title="Footer Form"]

Category: Tax Debt

Defaulting on a IRS or NYS Tax Installment Agreement

30 September, 2013 | Tax Debt

Defaulting on a IRS or NYS Tax Installment Agreement Many of our clients that owe the IRS or NYS for unpaid back taxes had us create tax installment agreements which are paid monthly to satisfy the tax debt. The terms of the installment agreement require that the taxpayer stay in compliance by paying all taxes owed on time, and filing all tax returns on time, and not incurring a new unpaid tax liability. As sometimes happens in tough economic time... CONTINUE READING

Fresh Start Program Helps Taxpayers Who Owe the IRS Back Taxes

19 April, 2013 | Tax Debt

Fresh Start Program Helps Taxpayers Who Owe the IRS Back Taxes If you owe back taxes,  the Internal Revenue Service offers a Fresh Start initiative that makes it easier to pay back taxes and avoid tax liens.  This program can benefit small business taxpayers and individual taxpayers and 1) help back taxes, and 2) give some certainty to your tax problem. The Fresh Start program changes best pr... CONTINUE READING

Failure to File and Failure to Pay

6 March, 2013 | Tax Debt

Failure to File and Failure to Pay When a taxpayer does not file their returns for their personal income taxes, or if a taxpayer files for an extension but never files, the IRS does not forget about the unfiled returns.  For each year a taxpayer does not file, the IRS may issue a notice of deficiency for each year at issue.  One defense to the Failure to File Penalty in the Tax Code is reasonable cause.  To prove reasonable cause for failure to file ti... CONTINUE READING

Tax Settlements to Exonerated Prisoners: A Way to Avoid this Tax Problem

2 January, 2013 | Tax Debt

Tax Settlements to Exonerated Prisoners: A Way to Avoid this Tax Problem Federal Congressmen introduced a bill on March 22, 2012 that would prohibit the Internal Revenue Service from taxing settlements awarded to anyone wrongfully convicted of a crime and then exonerated later. These wards are typically paid out by the State or City who wrongfully convicted the person. The Wrongful Convictions Tax Relief Act of 2012 would amend the Internal Revenu... CONTINUE READING

Search For Useful Articles

Article Topics

What to Do When You Receive Certified Mail From the IRS

Why Did I Get a Certified Letter from the IRS? Receiving a certified letter from the IRS may cause you to feel nervous. After all, most IRS notices don’t usually signal happy news. While the IRS may not b...