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Tax Collection Archives

How Does the IRS Appeals Process Work?

Yes, even the IRS knows that they do not and cannot get everything right. The IRS can make mistakes during audits, collection actions and in other areas. Thankfully, individual and business taxpayers have the right to appeal an IRS decision. In fact, according to the IRS, its Office of Appeals, an independent branch of the IRS, hears more than 100,000 cases each year. Obviously, there are other reasons why an audit or collection case may go to appeals, including but not limited to mere disagreements between taxpayer and IRS representative. 

What Is Innocent Spouse Relief And When Will the IRS Grant It?

When spouses file joint returns, each spouse is jointly and severally liable for all past due taxes. If the IRS believes that there is a tax deficiency on a jointly-filed return, it can undertake collection efforts against either or both spouses. Even if spouses divorced in the current year but filed joint returns in previous years, the IRS can pursue both spouses for past due taxes, interest and penalties in years where the couple filed joint returns.

Thinking about expatriation? Beware the Exit Tax.

The IRS's continued focus on offshore assets has led some American citizens and green card holders to at least consider the possibility of expatriation. Considering the gravity of this decision, citizens and permanent residents must account for many factors. One such factor is the Expatriation Tax, more commonly referred to as the Exit Tax.

The IRS is Getting Tougher (But Also Nicer!) in 2017

The IRS is constantly updating and refining its tax collection processes. In recent months, the IRS has formally announced many changes to its tax collection procedures. For taxpayers with delinquent taxes, some of these changes may create additional challenges. Some of these changes, however, could be welcome news.

IRS Permanently Establishes Fast Track Settlement Program for Small Businesses

In March, the IRS officially rolled out a Fast Track Settlement program (FTS) for small businesses and self-employed individual taxpayers. The FTS for small businesses is in effect for businesses that file Form 1040, Schedules C, E, F or Form 2106. Moreover, it applies to small businesses with assets less than $10 million. The IRS claims that the FTS can resolve disputes "within 60 days after acceptance into the program."

Unpaid Tax Debts Could Put Your Passport in Jeopardy

The IRS has many tools at its disposal to enforce the collection of unpaid tax debts, among them liens, levies, and even asset seizure. Beginning in late March, the IRS, in conjunction with the State Department, will have yet other weapon in its arsenal. Very shortly, the IRS will be forwarding the State Department information regarding individuals who have substantial tax deficiencies. Upon receipt of this information, the State Department can deny a taxpayer's passport application or renewal or place other restrictions on the taxpayer's passport.

The Many Ways Same-Sex Couples Can Benefit From a Tax Lawyer's Counsel

The universal right of same-sex couples to marry their partners has been the law of the land since June 26, 2015. Even before the Supreme Court ruled in favor of marriage equality, hundreds of thousands of same-sex couples were legally married in many states. In the present, approximately one million Americans are wed in same-sex unions.

What Are the Tax Implications When Spouses Are in Business Together?

Spouses can be more than life partners. Spouses can also be business partners, or have an employer-employee relationship. Spouses involved in business together must be mindful of the various tax considerations.

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