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Posts in ‘IRS Representation Blog’

Posts in ‘IRS Representation Blog’

  • Audit Red Flags

    On August 26, 2013 posted in IRS Information, IRS Representation Blog

    1. Failure to report all taxable income. The IRS receives copies of all 1099s and W-2s that you receive during a year, so make sure that you report all income on your tax return.  The IRS matches these forms with the income shown on your return.   A mismatch sends up a red flag and causes […]

  • Relief Act

    On January 7, 2013 posted in IRS Information, IRS Representation Blog

    The Senate by a vote of 89-8, passed H.R.8, the American Taxpayer Relief Act. The House has passed H.R.8 last night by a vote of 267-167.  This bill will prevent many of the tax hikes that were scheduled to go into effect January 1, 2013 and retain many favorable tax breaks that were scheduled to […]

  • 2012 IRS Tax Calendar

    On September 20, 2012 posted in IRS Information, IRS Representation Blog

    According to the Mayan calendar the end is near. The IRS begs to differ! Don’t let another due date sneak up on you!  The IRS Tax Calendar is available free of charge.  Click here.

  • New Offer-in-Compromise (OIC) terms to benefit taxpayers

    On July 9, 2012 posted in IRS Information, IRS Representation Blog

    The IRS expanded its “Fresh Start” program to offer more flexible terms to its OIC program to help taxpayers resolve tax problems more quickly.  An OIC is an agreement between the taxpayer and IRS that settles tax liabilities for less than the full amount owed.  The offer will not be accepted if the IRS believes […]

  • IRS Penalties and Interest

    On March 7, 2012 posted in IRS Information, IRS Representation Blog

    March 2012 When penalties and interest are applied, a taxpayer’s assessed liability can substantially increase.  After several years, it is not unusual for the penalties and interest to be more than the original tax liability, sometimes more than doubling the amount due.  This is often confusing to the taxpayer,  this is intended to clarify the […]

  • 2008 Refunds from the IRS?

    On February 28, 2012 posted in IRS Information, IRS Representation Blog

    The IRS currently has over a $1 billion worth of unclaimed refunds in their possession from 2008 tax returns that simply were not filed.  If you are one of these people, you only have until Tuesday, April 17, 2012 to comply in order to get this money back.  There is no penalty for filing a […]