How to Avoid IRS Collection Action and Levies

Bob never intended for it to get this far. When he filed his return in April, he thought, “I’ll pay this off in a month or two.” Somehow, like many Americans, his good intentions fell by the wayside as other urgent financial obligations arose and his unpaid balance at the IRS remained unpaid longer than … Read more

IRS Offers Payment Plans to Those Having Money Troubles

If you owe the IRS taxes and you’re having a difficult time paying, you’re not alone. In 2010, 23.9 million individual taxpayers filed a tax return with a balance due. More than 20 million taxpayers paid the tax with their return, after the first IRS notice, or after receiving an extension to pay from the … Read more

The IRS Rejected My Offer in Compromise Submitted by an Attorney, Twice. What Now? – Bradley

“Dear Jim, Presently paying state 616 per month for 60 months paying. Paying fed 1780. Per month for 72 months After using an in effective attorney failed offer in compromise twice is there a better deal that I can make with state and fed? Bradley” Bradley: Your options all depend on your facts. Specifically, what … Read more

Single, Female, Unemployed Architect With Vasectomy Liar, “at the End of My Rope.” – Marie

“Dear Steve, Single, female unemployed architect for several years picking up small jobs here and there. Recently experienced a traumatic and devastating engagement breakup causing me to replace all of my belongings, while unemployed. Have gone through life savings and 401K while unemployed and temporarily disabled. $78,257 DEBT of which $23,337 is student loans (on … Read more

Offer In Compromise Rules Relaxed by IRS. Big News!

I do not normally get motivated by IRS changes in collection rules, but yesterday’s change to the Offer in Compromise (OIC) program was fairly significant. As you know, this program allows taxpayers, who qualify, to settle their tax liability in full for an amount less the full liability owed. There are many deceptive companies who … Read more

I Owe the IRS. Will They Settle for a Lesser Amount in an Offer in Compromise or Do I Need an Attorney? – Diana

“Dear Jim, I owe the IRS $26,000. There were some years I failed to file taxes and some years I filed and owed, but they said I never filed, I have the copies. I have all the information except one year. My question is will the IRS settle with me for a lesser amount or … Read more

FTC Warns Consumers to Stay Away From Tax Relief Companies

The Federal Trade Commission has issued the following warning to consumers. It’s good advice. Owe Back Taxes? Tax Relief Companies Can Result in More Pain than Gain We’ve helped thousands of people settle their tax debts for a fraction of the amount owed. We can stop wage garnishments, bank levies, tax levies, property seizures, and … Read more

Advertisements About Eliminating IRS Debt Not Honest

Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their … Read more