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Can Your Passport Be Revoked if You Have Unpaid Taxes?

Can Your Passport Be Revoked if You Have Unpaid Taxes?

Owing taxes can be stressful and overwhelming. If you are seriously delinquent in paying your taxes, you may be concerned that the IRS can place a lien against your property, levy your bank account, or seize your property to satisfy the debt. However, be aware that...

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How Long Does the IRS Have to Collect Back Taxes?

How Long Does the IRS Have to Collect Back Taxes?

If you owe the Internal Revenue Service money and are wondering “how long does the Internal Revenue Service have to collect back taxes,” you may be relieved to know that you won’t have to carry the burden forever. Just a very, very long time.  The Internal...

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Offer In Compromise: Legally Defensible Positions

Offer In Compromise: Legally Defensible Positions

Discourage litigation. Persuade your neighbors to compromise whenever you can. -- Abraham Lincoln Last week we discussed ways to negotiate with the Internal Revenue Service (IRS) during Notice Season. One of those ways is to enter into an Offer In Compromise (OIC), a...

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The IRS is coming to get YOU! Notice Season Is Open

The IRS is coming to get YOU! Notice Season Is Open

“You don’t pay taxes–they take taxes.”–Chris Rock Now that tax season is over, it may be spring time, but the Internal Revenue Service is like the post office, it never sleeps. And like the mob, it wants its money. Now. So, notices are flying. Recently we’ve discussed...

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Heed the Soothsayer’s Warning

“Beware the Ides of March.” - from Julius Caesar On my community calendar, the March 15th subscript reads: “Ides of March.” That’s not just a prophecy. The soothsayer warned Caesar about this day and we all know how that worked out for him. It's been my regular...

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