QUESTION:
I have read how you help people who are behind in paying their taxes. My problem is with unpaid gift and inheritance taxes. Does the IRS make deals on these kinds of taxes too?
ANSWER:
I’m glad you asked that question. The overwhelming majority of my clients have problems with their income taxes. [...]
One theme that seems to pop up time after time with my clients is they wonder how the IRS knows so much about their situation. They concoct crazy thoughts of “big brother” and the government being able to gather too much information about them.
Rather than believing in some large conspiracy, [...]
Do you have a specific question you would like to see answered on this site regarding negotiating with the Internal Revenue Service, offers in compromise, installment agreements, tax liens and levies, appeals, or any other topic? Submit those questions on this post by posting a comment or send us an e-mail at tripp@atkinssc.com.
QUESTION:
I used to own a small business that I ran as a sole proprietor. That business owes some payroll taxes and I owe some personal income taxes. Since the business is no longer operating, do I have to include the business taxes in my offer in compromise, or can I submit an offer just for [...]
I recently had a client come to my office who had been audited by the Internal Revenue Service. Now this wasn’t one of the really high dollar amounts of taxes owed due to the audit. However, it was a lot of money to this particular prospective client. His situation was that the IRS said that [...]
Everyone knows that keeping up with your documents and receipts all year to prepare your tax returns is a major pain. However, only those that are audited know how big a pain it is not to be able to produce those receipts during an examination when the IRS is [...]