Can the IRS assign my tax debt to a private debt collector?
- June 27th, 2018
- David Greene
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In 2015 Congress passed a federal law which allowed certain private companies to collect, on the government’s behalf, outstanding inactive tax receivables. However, currently there are only four contractors that are authorized for collection: CBE Group of Cedar Falls, Iowa;…
How to get your passport restored if it has been restricted due to delinquent taxes.
- June 21st, 2018
- David Greene
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In prior blogs, I have discussed how the Passport Restriction program works and listed some exceptions to the rule. Now I will list ways to get the restrictions lifted. (1) Pay the debt in full. (2) Enter into a full-pay Installment Agreement….
Will my student loan debt forgiveness be taxable?
- June 19th, 2018
- David Greene
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When you take out student loans, you are borrowing money and are legally obligated to repay a fixed or determinable amount at a future date. You have a debt. Under the Income-Based Repayment (IBR) plan, your student loans will be…
Can the IRS make an employee adjust his withholding amount on his paycheck?
- June 5th, 2018
- David Greene
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Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…
Will you get your refund after filing delinquent tax returns?
- May 30th, 2018
- David Greene
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The answer is yes and no! I will assume that you owe no other taxes. If you do, any refund will go to reduce those taxes first. The IRS has a rule that you can only get a refund for the previous three…
Will one ex-spouse’s Offer in Compromise absolve the other ex-spouse from liability?
- May 16th, 2018
- David Greene
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First, the IRS does not care what your state court divorce order says. Since you and your ex-wife filed jointly, you both are jointly and severally liable for the entire tax bill. This means that you both owe the entire…
What kind of activities increase the chances of being audited?
- April 24th, 2018
- David Greene
- Comments Off on What kind of activities increase the chances of being audited?
Some tax returns are more likely to be audited than others. Why is this? I can think of eleven practices that lead to a greater risk of audit. First is using a “sketchy” tax preparer. This is one who…
Is there any one group of people who tend to get in trouble with the IRS more than others?
- April 5th, 2018
- David Greene
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I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently. Self employed people tend to find themselves in…
How can collecting Social Security lead to an increase in your tax liability?
- March 15th, 2018
- David Greene
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One very common problem we see at the office arises when people begin collecting Social Security yet are not fully retired. When you begin collecting Social Security, the government considers you as “retired” and does not expect you to continue…
Learn how to protest the assessment of additional payroll taxes.
- February 23rd, 2018
- David Greene
- Comments Off on Learn how to protest the assessment of additional payroll taxes.
We have discussed appeals in the past and one certainly might be able to appeal this notice of additional tax. We need to know the answer to some questions first, such as: Has the tax actually been assessed or has…