The Taxpayer Advocate Service (TAS) was established as an independent branch of the IRS to help taxpayers resolve collection matters when they are unable to do so with IRS collection personnel. We have found TAS to be an extremely professional…
Has the The Massachusetts Department of Revenue (DOR) notified you that your Massachusetts personal income tax return will be audited? The DOR continues to increase the number of correspondence tax audits it conducts each year.
If you owe IRS back taxes as a result of filing a joint return with your spouse or former spouse (referred to as “spouse” in the remainder of this discussion), the IRS may grant you equitable relief from your joint…
If you owe the IRS back taxes and have not made arrangements for payment, the IRS will levy your property including your retirement benefits. If the IRS is about to levy your pension, 401K, IRA or Social Security benefits you…
If you realize a gain on the sale of your principal residence some or all of the gain may be excludable from your income. Here are 10 things to remember if you’re selling your home.
If you discover an error after you file your tax return, you can correct it by amending your return. Here are 10 tips about amending your federal tax return: 1. When to amend a return Generally, you should file an…
If you owe back taxes or if the IRS has threatened you with a bank levy, wage garnishment, lien, seizure, penalties, or denial of an installment agreement, you can put an end to your IRS problems. Whatever your IRS tax…
An offer in compromise is an agreement between you and the Internal Revenue Service (IRS) that settles a tax debt for less than the full amount owed. The program provides eligible taxpayers with a path toward paying off their tax…
What is an IRS audit? An IRS tax audit is a review/examination of a business or individual’s books and records and financial information to ensure that taxpayers are accurately reporting their income and expenses, and paying the correct amount of…
Past due financial obligations can affect your current federal tax refund. The Department of Treasury’s Financial Management Service, which issues IRS tax refunds, can use part or all of your federal tax refund to satisfy certain unpaid debts. Here are…