Last week, the "back to the basics" article was about who is responsible for the trust fund recovery penalty. We defined a "responsible person" and briefly discussed the Trust Fund Recovery Penalty. This week we move on to answer the question, what exactly is the Trust Fund Recovery Penalty? The purpose of the…
Monthly Archives: February 2008
Jury Duty
Today I was summoned to jury duty at the local Federal Court here in Greenville, South Carolina. While we were going through the motions this morning the judge said something very interesting that I really had never thought about, "there are really only two times the government requires your participation – military draft during…
IRS Negotiation Blog Weekly Wrap-up
This week we covered several tips when dealing with the IRS. The first questions we asked was, Do You Listen Well? We also look at how the IRS applies the payments you make to them when you have a tax liability. Specifically, what happens when you send a check for more than your installment…
Get Free Tax Preparation Software to File Your 2007 Income Taxes
The IRS is now offering a Free File program for certain taxpayers. The Free File program is a partnership between the Internal Revenue Service and several tax preparation software companies (joined together as the Free File Aliance LLC). Since the debut of this program, more than 19.2 million income tax returns have been filed…