Category Archives: IRS COLLECTIONS

IRS ANNOUNCES PENALTY RELIEF, NEW AUTOMATIC INSTALLMENT PAYMENT GUIDELINES AND STREAMLINED OFFER IN COMPROMISE PROCEDURES

The full text of IR 2012-31 is reproduced below:  WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making … Continue reading

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IRS IS WORST CREDITOR TO HAVE

It is never pleasant to owe a debt you cannot pay.  There is no doubt, however, that if you must owe a debt, prefer any creditor over IRS.  IRS is the worst creditor to have. COLLECTION POWERS OF IRS VERSUS … Continue reading

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IRS NOTICES ARE FRUSTRATING AND RESPONDING TO THEM REQUIRES CARE AND ATTENTION TO DETAILS

 A report issued on July 6, 2011 by the Treasury Inspector General for Tax Administration (TIGTA) concludes as did the National Tax payer Advocate that IRS correspondence functions need improvement.  Without a study any professional who deals regularly with IRS … Continue reading

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NUMBER OF TAX SEIZURES OF PROPERTY DECLINES

One of the most humiliating experiences in life is standing by helpless, watching a large number of IRS employees pull up to your home with a truck to execute a seizure of your personal property.  Fortunately, traumatic incidents of this kind are … Continue reading

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