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IRS, state and local taxation agency audits are long, tedious and paper intensive. Upon receiving a notice of an IRS or tax agency audit, consider your resources, your records and your time. Tax Audits are very distracting and take time away from your employment, business, family and life. Most people get very frustrated and hire […]

Open the letter and read it. You are deemed to have received and understood the full letter regardless of whether you do so or not. You will be held to its terms whether you respond or not.  The IRS is a collection agency. Do not leave it not taken care of. Interest and penalties are […]

From the IRS website (irs.gov) [A claim] for a refund must be filed within 3 years from the time the return was filed or 2 years from the time the tax was paid, whichever of such periods expires the later, or if no return was filed by the taxpayer, within 2 years from the time […]

It would rather not. You cannot make any money to pay them taxes with when you are in jail. The short answer is, however, yes. They cannot place you in jail for just not paying your taxes. Negligence, ignorance and stupidity may not be an excuse for not paying your taxes, but they are also […]

The IRS charges interest on tax, penalties, and interest until the balance is paid in full. The interest accumulates (accrues) daily. This is what makes IRS interest makes it so expensive. Other loans, like mortgage loans, credit cards and home equity loans, usually accrue monthly, if that often. IRS interest stops only accruing when you pay […]

Call the IRS and get all the income data, account transcripts and other available records the IRS in order to make sure you address all issues in your amended IRS 1040 tax return. The form number of the amended tax return is 1040X. You can get it on the IRS website (irs.gov). Have either your […]

Generally, in an IRS Tax Audit, the IRS can include tax returns filed within the last three years in a Tax Audit. If the IRS identifies a substantial error, they may add additional years. If they are auditing you for years that you have not filed tax returns, this is a very bad situation. The […]

Generally, in an IRS Tax Audit, the IRS can include tax returns filed within the last three years in a Tax Audit. If the IRS identifies a substantial error, they may add additional years. If they are auditing you for years that you have not filed tax returns, this is a very bad situation. The […]

Yes, but it is really hard, expensive and the IRS really would rather not. The seizure of a taxpayer’s home or business is authorized by the Internal Revenue Code. The IRS District Director is empowered to take a taxpayer’s home or business with a stroke of his pen. The Internal Revenue Service Restructuring and Reform Act of 1998 (1998 […]

Often, the California Franchise Tax Board (FTB) can be harder to deal with than the IRS. The FTB’s attitude is that they gave the taxpayer sufficient notice to enter alternative arrangements. While the FTB’s levies are limited to 25%, once they are imposed they are harder to get released. The taxpayer must submit financials showing […]