Tax professionals say many taxpayers are unaware that the IRS has broad authority to seize funds once required notices are ...
Collection letters from the IRS are going out in the mail again after a two-year pause. The automated reminder notices started up again in January after they had been halted temporarily due to the ...
Earlier this year the IRS announced that, as part of its larger compliance efforts begun last fall under the Inflation Reduction Act,[i] the agency’s stepped-up enforcement activity with respect to ...
On 12/19/23, the IRS announced the restart of IRS collection notices as well as a new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not ...
In Ryckman v. Commissioner, the U.S. Tax Court tackled an issue of first impression: whether it has jurisdiction over a case challenging the denial by the Internal Revenue Service (“IRS”) of a ...
Dealing with the IRS's Automated Collection System (ACS) can be an overwhelming experience for individuals dealing with tax issues. The ACS is an automated system the Internal Revenue Service (IRS) ...
During the global pandemic, the federal government made changes to give citizens a helping hand during an unprecedented time. Like many other government agencies, the Internal Revenue Service limited ...
Millions of Americans scrambled to get their taxes done and paid by April 15. The majority of filers – three out of four – get refunds. This year the refunds were pretty large, on average $3,000. But ...
Taxpayers have the right to appeal the IRS. Understanding how to appeal the IRS is critical and Taxpayers ought to consider retaining representation in order to diminish the risks of litigation. Only ...
Joshua Rodriguez is a personal finance and investing writer with a passion for his craft. When he's not working, he enjoys time with his wife, two kids and two dogs. Tax season has come and passed but ...