Assessments and Substitute Filed Returns

The Internal Revenue Service and State Taxing Agencies will file a return for a taxpayer if the taxpayer hasn’t filed and income was reported under their identification number.   All of a sudden you receive a balance due notice for a tax period three years prior and you don’t understand where the assessment is coming Read More »

Your Tax Return is Being Audited: What to Expect

They Pulled Your Return for Review   I think it is safe to say regardless how good of a record keeper you are, when your tax return is pulled for an audit it is scary and intimidating.   There are different kinds of audits.  There is something called a correspondence audit and there is an Read More »

Collections and Settlements

Anyone who owes the IRS back taxes, has probably heard the commercials about settling for less.  In order to reach a settlement with the IRS, you have to qualify for the program you are pursuing.  The qualifications are based on a financial analysis.  The most common reduction in past due tax comes from the IRS’ Read More »

Tax Help is Available

It is tax filing season and you know you are going to have a balance due; you are fairly confident you will be able to pay at least part of it, then catch the rest up soon.  You are not alone…Once you fall behind on past due taxes, it is almost impossible to remain current Read More »