Is the Offer In Compromise program a scam?
- David Greene
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I’m happy to say that the Offer In Compromise program is not a scam and still works in the right circumstances. In fact, I have already had several Offers accepted in 2019! However, some unscrupulous people will take your money…
What is the Taxpayer Advocate Service and what does he or she do?
- David Greene
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The Taxpayer Advocate’s office is a special position set up after the congressional hearings on the IRS revealed problems in how the IRS sometimes treats taxpayers. There is a national taxpayer advocate office and also one in each state. In…
Can I get my tax refund if I owe back taxes?
- David Greene
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Unfortunately, the IRS will take any refund to which you are otherwise entitled until your delinquent tax is paid in full. Until your tax is paid in full, I suggest that you revisit your W-4 form and possibly adjust it…
What is the responsibility of non-owners for the Trust Fund penalty?
- David Greene
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The IRS can pursue any employee of a company if they determine that the person is a “Responsible Party” for the Trust Fund penalty. The trust fund portion of the payroll taxes is all of the federal taxes that are…
I owed more than $3,000 additional tax on my return this year and didn’t have the money to pay. How can I prevent that from happening next year?
- David Greene
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This is a good question, but I wish you had asked that question closer to April 15. If you owe more than $1,000 in additional tax on April 15, then, according to the IRS rules, you must make Estimated Tax…
Hints to help new businesses stay out of tax trouble.
- David Greene
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There are many hints or suggestions I can give a new businessman, but I do not have that much room. I will give you five very important hints to keep you straight with the IRS. First, form your business as…
Can a couple file one Offer In Compromise if they have separate tax liabilities?
- David Greene
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If you retain me to help you I, of course, want to solve both of your problems with the IRS so you can both rest easy. Therefore, I will have to determine the best way to file your Offer. Since…
Can the IRS seize property in a non-liable taxpayer’s name?
- David Greene
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Yes they can for two reasons. First the Statute of Frauds states that when one transfers property after he has notice of a potential lawsuit or debt, the Court can reverse the transfer as being done to avoid the debt. …
Is there any remedy if the IRS threatens to seize a taxpayer’s home?
- David Greene
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The IRS may foreclose on and seize a taxpayer’s home when settlement negotiations break down. However, there may still be hope. The situation usually is that an Offer In Compromise has been denied and the taxpayer feels that he owes…
Alternatives to the Seizure of your Home for Delinquent Taxes.
- David Greene
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There are several collection alternatives to seizure that are available to taxpayers. In fact, seizure of your home or other property is the last avenue the IRS will pursue. I am not discussing levies on wages or bank accounts here….