The IRS has temporarily stopped the mailing of three collection notices – the CP501, the CP503 and the CP504 – that go to taxpayers who owe back taxes.
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Sometimes it happens by accident. You didn’t withhold enough from your paycheck during the year and find you owe the IRS money when it’s time to file your tax return.…
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As part of an effort to ensure compliance and fairness, the Internal Revenue Service recently announced that it will increase efforts to visit high-income taxpayers for failure to file a…
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For most people, personal finance is a deeply private matter and the idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety.…
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You’ve filed your tax return with a balance due and are unable to pay and are unsure what you should do next. Well, within a short period of time after…
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The IRS has the authority to enter into payment plans with taxpayers who owe back taxes. In a effort to streamline the processing of these agreements the IRS continues to test expanded criteria for taxpayers…
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On December 4th President Obama signed the Fixing America’s Surface Transportation Act (“FAST”) into law. While the law focuses on improving America’s transportation and highways, it also contains provisions dealing…
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A CP2000 Notice is typically generated when the IRS computers determine a mismatch of income or deductions between information you reported on your tax return and information documents it receives…
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When you file a tax return and fail to pay the balance due the IRS will begin sending you a series of collection letters or notices. It is important that…
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When a taxpayer seeks to reach a tax settlement with the IRS they may be required to consider the national and local IRS collection financial standards when calculating the amount…
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