by Pierre Philantrope | May 10, 2023 | Tax Tip
There are many ways to resolve a tax debt. We discussed several of them in previous tips. on this tip, we turn to Offer in Compromise (OIC). Taxpayers could consider applying for an Offer in Compromise when paying the full tax due could cause financial hardship. An...
by Pierre Philantrope | May 3, 2023 | Tax Tip
The Internal Revenue Service will send notices to taxpayers in many situations after filing a tax return, when they did not file, when they did not pay, or when they fail to deposit (TFR- Trust Fund Recovery). Unfortunately, many taxpayers ignore the notices to their...
by Pierre Philantrope | Apr 26, 2023 | Tax Tip
Taxpayers are liable for every position taken on their tax return. You take a position on the return by reporting certain items of income and taking some deductions. When a taxpayer signs the return, the taxpayer attests under penalty of perjury that the statement...
by Pierre Philantrope | Apr 19, 2023 | Tax Tip
The 2023 tax filing season has come to its end. Many taxpayers have not filed their returns or have a tax due. The Internal Revenue Service (IRS) has been actively hiring employees, in part, to help in the collection of taxes due. In his address to Congress recently,...
by Pierre Philantrope | Apr 12, 2023 | Tax Tip
The Internal Revenue Service send notices to some taxpayers after filing a tax return or when they did not file. Unfortunately, many taxpayers ignore the notices resulting in some severe consequences. Taxpayers must answer to correspondence from the Internal Revenue...
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