For most people who do not work with the Internal Revenue Service (IRS) on a regular basis, when you receive a letter in the mail from the IRS, you may feel panicked. You might want to leave the letter unopened, or throw it away and never think about it again....
IRS
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...
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...
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...
Debt Could Keep You At Home In 2016
Tourists don't know where they've been, travelers don't know where they're going. - Paul Theroux No matter what your area of practice, if international travel is a routine part of your professional or personal life, your passport is in trouble if you owe more than...
Getting Credit for Thinking Ahead
A person doesn’t know how much he has to be thankful for until he has to pay taxes on it. ~Author Unknown