Resolve Your Tax Debt To Save Your Passport

If I owe taxes can I get a passport?

Can You Get a Passport If You Owe Back Taxes to the IRS? If you owe significant tax debt, you may be in for a surprise. The State Department will revoke your passport, or not issue you a new passport, if you owe a significant tax debt to the IRS.  Therefore, taxpayers with tax debts and […]

IRS Negotiation: Resolving a Tax Debt

IRS Negotiation

Negotiation with the IRS to Settle a Tax Debt IRS negotiation of tax debts is a fundamental part of our tax practice.  Typically, tax debt negotiation is required when the taxpayer owes taxes, penalties and interest to the IRS that they cannot afford to pay.   A tax debt can be for one year or for […]

Guide to IRS Statute of Limitations (CSED)

IRS statute of limitations

IRS Statute of Limitations and the Collection Statute Expiration Date (CSED) The collection power of the IRS is restricted by a statute of limitations.  This powerful restriction gives the IRS up to 10 years to collect a tax.   Once the 10-year period expires, the tax is no longer enforceable and it simply goes away.  Related […]

Trust Fund Recovery Penalty

trust fund recovery penalty

The Trust Fund Recovery Penalty is a very severe set of rules that are meant to encourage voluntary compliance with our payroll tax laws. Payroll taxes includes the income tax and Federal Insurance Contributions Act (“FICA”) taxes that are withheld from every employee’s paycheck.  It also includes the employer portion of FICA.  The business pays […]

IRS Hardship Program: Currently Not Collectible

IRS Hardship Program

We regularly meet with clients of our accounting firm who owe taxes to the IRS that they cannot afford to pay due to a financial hardship.  Sometimes it is a tax bill for one year.  Frequently it is a tax bill for multiple years.  Either way, the IRS offers a number of solutions that provide […]

Georgia Offer in Compromise and Tax Payment Plan

Georgia Offer in Compromise

Georgia State Tax Forgiveness: How it Works The Georgia Department of Revenue (GA DOR) allows taxpayers to settle a tax liability for less than the total amount owed.   This is called an offer in compromise and is one of the more popular tax debt relief programs in Georgia.    These programs are also known as […]

The Significance of a Joint Tax Return

Marriage and Joint Tax Return

Filing a Joint Tax Return: What Does Married Filing Jointly Mean? Filing a joint tax return allows married taxpayers to enjoy favorable tax rates.   In other words, the total tax is usually lower on a tax return filed with the status of married filing jointly (MFJ).  The other types of filing status are single, married […]

Tax Relief: Appeal of a Tax Matter

Tax Relief and IRS appeals

What to Expect after Requesting an Appeal of a Tax Matter Appeal of a an IRS decision is a good option if you disagree with the IRS in a tax matter.  You may be able to avoid the time and expense of a court trial by asking the IRS Independent Office of Appeals to review […]

Guide to IRS Payment Plans or Installment Agreements

trust fund recovery penalty

The Basics of IRS Payment Plans or Installment Agreements IRS installment agreements, also called IRS payment plans, are offered to taxpayers looking for a way to pay their tax to the government in monthly amounts.  Installment agreements are among the most popular programs requested by clients at our Atlanta CPA firm. There are several variations […]

IRS Appeals Process

Gavel and books

The IRS Appeals Process for collections began in 1998 with the IRS Restructuring and Reform Act.  As a result of this law, taxpayers were no longer at the mercy of the IRS.  The new rules prohibited the IRS from levying bank accounts and garnishing wages at will.  And a formal appeals process was instituted to […]