The IRS has the power to send out a summons to a taxpayer or other individuals who might have some necessary information regarding your taxes or information necessary to determine your tax liability. The summons is an investigatory tool used by the IRS that compels you (or others as stated above) to produce…
Monthly Archives: September 2007
Do Offers in Compromise Work?
In looking through my web site statistics, I noticed that several people have searched the internet search engines and have come across my site with the search term "Do Offers in Compromise Work"? Maybe you’re asking, what is an offer in compromise. Well, briefly, an offer in compromise is an IRS program that…
Sole Proprietor’s Unreported Income Increases the Tax Gap
QUESTION: I have heard that the IRS is going after small sole proprietorship businesses more aggressively. This doesn’t seem fair. What is the reason for them doing this and what can I do to protect my business? ANSWER: In a recent report the U.S. Government Accountability Office showed that at least 61% of…
Can a Tax Attorney Still Help Me After I have Begun Negotiating with the IRS?
QUESTION: I owe the IRS a lot of money and I started contacting them several months ago when I started receiving letters from them stating that they would start garnishing my wages or taking money from my bank account if I didn’t resolve the issue with them. I have called them a number of…
Lawyer Marketing: Be Genuiely Interested in Your Clients
I have been reading the classic Dale Carnegie book, "How to Win Friends and Influence People" recently and came across a line that really hit home to me. To paraphrase, it was the statement that you can make more friends in two months by being genuinely interested in people than you can in two…
Is It Always Necessary to Hire a Tax Attorney?
I recently met with several prospective clients and I had to tell them – or bring them to the realization – that there really isn’t very much a tax attorney can help them with, or it would not make financial sense for them to hire an attorney. In some situations it is possible…