Can one pay more on an Installment Agreement than the negotiated amount?
- David Greene
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You are on the right track wanting to pay off the IRS sooner, for by doing so you pay off the Agreement early and will save interest. You do not have to renegotiate a new Installlment Agreement, although you can…
I would like to set up an Installment Agreement to pay my delinquent taxes. Does the IRS have to accept my Agreement at whatever amount I am willing to pay per month?
- David Greene
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The IRS will accept your Installment Agreement request without your furnishing your financial information only if the following conditions are met: 1) the total owed is less than $50,000.00; 2) the taxpayer has filed all required returns for the past…
Can one go to jail for not filing returns and can he receive refunds when filing delinquent returns?
- David Greene
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Let me answer your last question first. You will not go to jail for not filing under the situation you have described. You only go to jail for a criminal offense, such as fraudulently evading your tax obligation. If you…
Can one ever settle with the IRS for less that he owes?
- David Greene
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I get this question is some form at least once a week. I have not answered it in awhile, so here is my answer. The beginning of the new year is a good time to answer this. Many times the…
HAVE YOU MADE YOUR NEW YEAR RESOLUTIONS?
- David Greene
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Well, Christmas is over and we have rung in the New Year. During this past week many people made New Year resolutions. Did you make any? Most of these deal with either working on a healthier and better body or…
New Year Thoughts
- David Greene
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As most of you know, the majority of my practice is dealing with IRS problems and Estate Planning. Today I want to pass along some thoughts about both of those areas. Even as the COVID-19 pandemic rages on, our problems…
What is my process for resolving delinquent taxes for clients?
- David Greene
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Since each case is unique to its own set of facts, I can only discuss general guidelines of our process. When one retains me, he will sign a Form 2848 Limited Power of Attorney that allows me to represent him…
What should a taxpayer do after receiving a threatening letter from the IRS?
- David Greene
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Even though most IRS offices are still closed due to COVID-19, some letters, computer generated and otherwise, are still being sent. When a person receives any Notice from the IRS, here are several things he can do: (1) Don’t panic. …
Should I file my 2019 return if I did not file last year?
- David Greene
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First, you should know that you now have until July 15 to file your 2019 return. No matter what else you do or don’t do, be sure to file your return on time. You should do this even if you…
The PEOPLE FIRST INITIATIVE from the IRS
- David Greene
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In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative. The highlights are as follows: If you are in an existing Installment Agreement, payments due between…