Nataliya Isom's (isomtax) Blog

Perhaps, you were told that the Internal revenue Service, under no circumstances, will telephone you and that anybody stating to be an IRS agent is trying to cheat you. That is not entirely true. The IRS can call you, mainly when there is a massive buildup of tax returns they are dealing with. Ho...

 The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for the collection of overdue tax debts. The new contracts begin Thursday following today’s expiration of the old contracts.Beginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may b...

   IRS reported that unemployment compensation fraud was one of the more widespread ID theft plots  last year. The impostors filed claims for the unemployment benefits using stolen personal information.   Unemployment compensation is considered taxable income by the federal government.    States ...

   The IRS uses "Collection Financial Standards" to assist in establishing a taxpayer's capability to pay an outstanding tax liability. Permissible living expenses include those that meet the test of being necessary to provide for a taxpayer's and his or her family's health and welfare, as well a...

    A taxpayer may always stand for themselves before the IRS. However, many taxpayers find dealing with the IRS frustrating, time-consuming, frightening or all the above. The drawbacks of a taxpayer representing themselves are many: The taxpayer does not have the specialist's knowledge or realiz...

   Lots of taxpayers would like to know what nature of information is in their IRS file without attracting a lot of unnecessary tax agency attention to themselves.  Congress passed legislation, called Freedom of Information Act, that compels government agencies, including the IRS, to reveal such ...

    A taxpayer, whether an individual or a business entity, is obligated to pay taxes to a federal, state, or local government. Moreover, taxpayer is obligated to be honest, cooperative, provide accurate information and documents, keep sufficient records.    But what are the rights of a taxpayer?...

Tax resolution is the process of developing and executing a solution to resolve a taxpayer’s IRS problem for both individuals and businesses. In the truest sense, the ideal resolution will solve the challenge permanently and settle the tax burden for the lowest amount allowed by law.There are qui...