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The IRS recently released temporary guidance to their Offer in Compromise (OIC) staff. The standard procedure for an Offer in Compromise (OIC) employee was to return a filed OIC as not processable if it was discovered that there were unfiled tax returns for the Offer candidate.Now, OIC examiners ...
The IRS announced today that it will abandon its use of a third party service for facial recognition technology in order to authenticate taxpayers' identities when creating an online account.
The Taxpayer Advocate Service (TAS) is an independent office within the Internal Revenue Service (IRS) that helps taxpayers to resolve disputes with the Internal Revenue Service. They also make recommendations to the United States Congress about changes to existing laws in order to improve the fu...
Currently the threshold for revocation or denial of passports is set at $54,000. When a taxpayer accumulates this dollar amount of unpaid IRS taxes, the IRS can certify the tax debt to the US State Department. The US State Department will revoke, deny or limit passport rights of a taxpayer in thi...
Separate IRS Accounts can be created when one or both spouses/ex-spouses are fully or partially liable for a joint tax liability.  The joint liability of each spouse is duplicated on each separate tax account. This can occur due to a variety of reasons: Innocent Spouse Relief Bankruptcy Installme...
IRS tax levies may impact independent contractors and wage earners differently. In other cases they are affected the same. When it comes to a tax levy on a taxpayer's wages and salary, it is called a continuous tax levy. The tax levy will be issued once and repeated every pay period until the lev...
Can the IRS Issue a tax levy on retirement account assets to collect unpaid taxes?The short answer is generally, yes. Retirement account assets that qualify under the Employee Retirement Income Security Act (ERISA) such as pension plans, 401(k) and others can be subject to an IRS tax levy. Non-qu...
Department of JusticeOffice of Public Affairs Chief Financial Officer for Oklahoma Business Found Guilty of Employment Tax Fraud A federal jury convicted a North Carolina woman on Oct. 22 of employment tax fraud. According to court documents and evidence presented at trial, Christina Rochelle Ang...
 FOR IMMEDIATE RELEASEThursday, October 14, 2021Former Owner of Florida Produce Business Sentenced to Prison for Tax EvasionA Florida man was sentenced yesterday to 18 months in prison for tax evasion, at a proceeding in federal district court in Miami. According to court documents, Alejandro Gom...
Removing federal tax liens can save your real estate deals from collapsing. This is an often misunderstood topic that leads to a reduction of real estate transactions every year. You can sell a property with a federal tax lien in all of the five following scenarios: Sales of real estate with equi...

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