The Taxpayer Bill of Rights Series: The Right to Pay No More than the Correct Amount of Tax
Taxpayers have the right to pay only the amount of tax legally due, including interest and penalties, and to have the IRS apply all tax payments properly.
Taxpayers have the right to pay only the amount of tax legally due, including interest and penalties, and to have the IRS apply all tax payments properly.
Originally published at AVVO.com Pursuant to a law passed by Congress last year, the IRS has hired four private debt collection agencies to contact taxpayers about their back taxes. This is highly unusual, and can cause fear and confusion among citizens who owe tax, but also have heard of the many tax scams currently going…
There is an age-old saying – the two things in life that are guaranteed are death and taxes. Surprisingly, when tax law intersects with bankruptcy law, some taxes may actually be dischargeable in bankruptcy. Understanding taxes and how they are handled in bankruptcy can be complex. If you are considering bankruptcy, you will want to…
In most years, for most people, natural disasters play no part in filing their federal income tax returns. Nonetheless, 2017 was that rare year when natural disasters likely affected millions of tax filings. In August and September 2017, three powerful hurricanes in rapid succession struck U.S. territory: Hurricane Harvey created historic flooding in Texas, Hurricane…
Innocent spouses shouldn’t suffer IRS collection actions when they aren’t to blame for errors on a tax return, but you’ll need an aggressive tax attorney in your corner.
Sometimes the IRS makes mistakes. And when they do, you should fight to receive a fair and just result. Fortunately, the IRS has created an appeals process that involves negotiated settlement instead of litigation, which can save you time and money. However, you shouldn’t appeal any IRS decision without an experienced IRS tax lawyer by…
Going through an audit is bad enough as is, but what happens if at the end of the process you think the IRS is wrong about how much you owe? Helpfully, a process exists to ask for reconsideration. You must carefully follow the correct steps to ask the IRS to take a fresh look at…
Some Credit Scores Will See An Increase Soon Getting a loan from the bank can be difficult without a good credit score. A credit score is a numerical representation of how well you pay off your debts, so it is evident that a bank would think twice before letting someone with a bad score borrow…
Private Agencies To Begin Collecting Taxes As of late, the Internal Revenue Service or IRS has been growing a backlog of debt. To deal with the growing problem, the IRS has recently hired private companies to aid them in the task of retrieving owed money. The IRS announced that it has hired four agencies do…