The IRS like many other organizations rely upon software and systems in order to properly operate their business. With so much variety of work in processing new returns, e-filing, audits, collections, criminal investigations, and handling customer service, the IRS is often pulled in many directions. Shutting down this machine to update systems is not often […]
Author Archives: Tax Debt Services
10
Nov
Nov
As with most things with dealing with the IRS, learning your accurate balance owed is a tedious pursuit. However, we hope to provide an easy roadmap of options you can take to help guide you. There are four different ways that you can find out your IRS balance, listed below, and based upon the longest […]
03
Nov
Nov
In other articles we have discussed the multiple options of resolving tax debt. However, one of the key requirements in doing most of these programs is to first be compliant with the IRS. It is normally our first step here in helping clients resolve their tax issues. Compliance is a fun complicated word that is […]
21
Oct
Oct
The IRS’ Fresh Start Offer in Compromise program is the best tool an IRS debtor has in finding tax relief. While tax debt can be discharged in bankruptcy, and penalties can be removed through the abatement process, the OIC has the best benefit for the least cost. It was built solely for the purpose of […]
25
Aug
Aug
THE OFFER IN COMPROMISE FRESH START PROGRAM In 2011, the IRS announced its Fresh Start Program. This new policy allowed people that were struggling find exactly what it sounds like, a “fresh start”. Through the vehicle of the Offer in Compromise program, the IRS modified its terms to allow a greater number of taxpayers to […]
18
Aug
Aug
What is a tax compliance check? A simple way to view a tax compliance check is to view it a lot like a car diagnostic when your car has an issue. This happens very frequently in our daily life. The car has a problem, and we don’t know how to best solve it. The first […]
11
Aug
Aug
The IRS first reported back in a memo on June 15, 2021 that they were going to resume the IRS Collection Process. Well, that date is now upon us. August 15th is the key date to mark on your calendar. For the last two months, the IRS has generated thousands of warning letters stating they […]
04
Aug
Aug
We are often asked, “what causes tax debt?” Easy answer: underwithholding. Debt is a topic that most of us try to avoid discussing. When we individually owe debt, there are often feelings of shame. How did I let this happen? These same emotions arise with tax debt, especially when that tax debt sticks around for […]
28
Jul
Jul
The most common ways to resolve tax debt. When owing back taxes to the IRS, emotions of fear can be overwhelming. Mixing that fear with solicitations can cause confusion on what to do about the debt. Here at Tax Debt Services, we believe there are four ways to resolve your tax debt. Every situation is […]
From about mid January through April, taxes are on everyone’s mind. Everyone is after the most prized accomplishment, a large tax refund. To many practitioners, we find this pursuit comical, as it would be better for most if they withheld less during the year and attempted to owe the less to the IRS. But that […]
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