IRS collection officials do not want you to hire a tax professional. Why? Because when you represent yourself the IRS has a decided advantage. First, it is easier for them to intimidate and frighten you because they know you don’t know the law. Second, it makes it infinitely more likely that their procedural mistakes, their over-assessments and their violations of your [...]
Tags: Announcements · Back Taxes · Taxpayer Rights
Again, from Paul Caron: IRS to Wage ‘Full Court Press’ Against Homes, Retirement Accounts for Back Taxes Washington Examiner, Obama’s IRS to Initiate Full Court Press, Warn Tax Law Experts: As 2012 approaches, tax attorneys are sounding the alarm: The IRS will squeeze every cent it can and “it will be nastier than ever.” The [...]
Tags: IRS Installment Agreements · IRS Liens and Levies · IRS procedure · Tax Collections
The tax gap – the difference between what taxpayers’ should pay to the IRS every year and what they actually pay – is estimated to be about $300 billion a year. Karen Hube writing for the Washington Post confirms what we have reported here: The IRS is stepping up its enforcement activities (emphasis is mine): [...]
Tags: IRS Audits · Tax Collections
The Senate Committee on Finance is holding a hearing today in the Dirksen Building on Complexity and the Tax Gap: Making Tax Compliance Easier and Collecting What’s Due. I am watching it live now and will report on it later. I know, I know. You’re envious of my life. Bookmark & Share:
Tags: IRS procedure · Legislative Watch · Tax Collections
According to WebCPA the Treasury Inspector General for Tax Administration (TIGTA) says that a larger percentage of IRS collection agents are not following the proper procedure in payroll tax cases: The collection of taxes through employment tax returns is a significant source of revenue for the federal government. As of Sept. 30, 2009, the total IRS [...]
Tags: Payroll Taxes · Tax Collections
Ezra Klein of Newsweek writes that the IRS should expend it’s new resources¹ on going after tax cheats: A report released by Citizens for Tax Justice shows that between 1995 and 2005, the IRS’s budget was slashed by a fifth. Between 1995 and 2003, its enforcement division lost 36 percent of its staff. They were [...]
Tags: IRS Audits · IRS Liens and Levies · IRS procedure · Tax Collections · Tax Crimes
“You can’t always get what you want.” - The Rolling Stones – Mick Jagger might have been thinking about democracy when he wrote that line. I don’t like the new healthcare bill. I think it’s too expensive and I think it’s bad for the economy. Still, I accept it as the law of the land because it was passed by a majority [...]
Tags: healthcare reform
