Guide to IRS Payment Plans or Installment Agreements

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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 […]

Currently Not Collectible (IRS Hardship Program)

No mondey in the pocket

IRS Hardship Program It is a regular occurrence that we see clients in our accounting firm who owe taxes to the IRS that they cannot afford to pay.  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 […]

Federal Tax Lien in 2022

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IRS Tax Liens: The Basics If you owe money to the IRS, then there is already a tax lien against you. A federal tax lien comes into effect when a tax liability is assessed and the taxpayer does not pay the amount in full.  The lien attaches to all of the taxpayer’s assets, including assets […]

Statute of Limitations and IRS Tax Relief Programs

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The statute of limitations 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.  This is great news for the taxpayer who is under a mountain of tax debts.   The end is always in sight. The Basics The […]

IRS Negotiation: The First Step

Form 1040

IRS negotiation is a fundamental part of our tax practice.  Typically, negotiation is required when the taxpayer owes taxes, penalties and interest to the IRS that they cannot afford to pay.   This problem can be for one year or for multiple years.  The debt may result from personal income taxes, business income taxes or unpaid […]

Resolve Your Tax Debt To Save Your Passport

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[vc_row][vc_column][vc_column_text] Do you have upcoming travel plans? 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 international travel plans should contact their […]

Tax Debts: Post-Covid Update

In response to the economic fallout from COVID-19, the IRS suspended attempts to collect back taxes through liens, levies, seizures and other methods. We have learned that the IRS is now restarting the collection of back taxes. There are already more than 25 million taxpayers in America that are in trouble with the IRS, and […]

IRS Tax Relief in 2021

Deadline for filing your taxes

IRS Payment Plans, Tax Liens, Tax Transcripts and More:  Navigating the Tax Relief Maze. IRS tax relief includes more than just resolving back taxes.  It includes filing missing returns, reconstructing accounting records, interpreting the statute of limitations, analyzing arcane IRS transcripts and the pain and embarrassment of dealing with the IRS.  Which way should you […]

Challenging a Tax Bill

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6 Ways that Work When Challenging a Tax Bill An incorrect tax bill is fairly common because of the IRS reliance on automated systems.  According to a recent report, 75% of all IRS audits are done by computers. In addition, the IRS uses computers to create substitutes for returns when returns are not filed. As a […]

Tax Returns Not Filed?

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A significant percentage of that number constitutes taxpayers who have not filed tax returns for multiple years. The IRS is beginning an initiative to target these “non-filers.” If you come into our Buckhead  – Sandy Springs CPA firm to resolve the problem of missing tax returns for you or your business, we will be sure […]