IRS Tax Relief Programs Available
All hope is not lost if you are behind on your taxes. While penalties and interest can be very expensive, making your total tax debt feel hopeless at times, this is rarely the case. The IRS wants you...
View ArticleSample To Cancel an IRS EIN
An Employment Identification Number is only assigned one time. Whether it is used to file a company’s taxes or not, it will never be reassigned to a new business. With that being said, the IRS cannot...
View ArticleIRS Tax Relief
“Nothing is certain but death and taxes.” Anyone who has ever been on the Internal Revenue Service’s bad side can attest to the truth in this statement. Having IRS trouble causes a significant amount...
View ArticleSample Letter: IRS Delinquent Tax Payments
If a taxpayer has an installment agreement with the IRS, the IRS expects monthly, on-time payments throughout the duration of the agreement until the debt is paid off. If any payments are made more...
View ArticleTax Consequences of Foreclosure
The Mortgage Debt Relief Act of 2007 essentially allows taxpayers to exclude income from discharging debt on their principal residence. You’ll want to check the details of the exclusion to see if you...
View ArticleSample Abatement Letter
If you owe taxes and don’t pay them by the deadline, you will be assessed a penalty based on the amount of tax owed and interest will accrue. While there is a law that prevents the IRS from doing...
View ArticleIRS Failure To Pay Tax Penalties
Many taxpayers understand that if they don’t pay their taxes on time, they will pay a penalty. But there are a few details worth knowing for a taxpayer that suspects they may not be able to pay their...
View ArticleFiling an Amended Tax Return
If you have to file an amended tax return, chances are good that the tax professional you hired made a mistake. Hiring an experienced and reputable tax professional is very important in ensuring you...
View Article“It’s Hammertime!” Says the IRS
What do you think of when you hear MC Hammer? Rapper? Dancer? Parachute Pants Wearer? In his hey day (late 80’s to early 90’s), he was seen as innovative and was well respected in the world of rap...
View ArticleIRS Tax Relief Programs Available
All hope is not lost if you are behind on your taxes. While penalties and interest can be very expensive, making your total tax debt feel hopeless at times, this is rarely the case. The IRS wants you...
View ArticleCan The IRS Take Your Primary Residence?
Owing money to your friend is a lot different from owing money to a loan shark. Equally, owing money to a credit card company is a lot different from owing money to the IRS. While your friend or a...
View ArticleWhat Are Acceptable Special Circumstances For An Offer In Compromise?
Offers in Compromise is not the “tax relief option” of choice it used to be. It used to be fairly easy to get the IRS to agree to one. But with the downturn of the economy and the IRS being inundated...
View ArticleCALL IRS TAX RELIEF NOW
Tom Hanks lives in Los Angeles but has a more-than-humble abode in New York. For tax purposes, Hanks is only allowed to spend a limited number of days in his New York digs. With that limit looming and...
View ArticleSample To Cancel an IRS EIN
An Employment Identification Number is only assigned one time. Whether it is used to file a company’s taxes or not, it will never be reassigned to a new business. With that being said, the IRS cannot...
View ArticleIRS Tax Relief
“Nothing is certain but death and taxes.” Anyone who has ever been on the Internal Revenue Service’s bad side can attest to the truth in this statement. Having IRS trouble causes a significant amount...
View ArticleSample Letter: IRS Delinquent Tax Payments
If a taxpayer has an installment agreement with the IRS, the IRS expects monthly, on-time payments throughout the duration of the agreement until the debt is paid off. If any payments are made more...
View ArticleLarge IRS Tax Debt And What Does It Really Mean For You
What is large IRS Tax debt? The phrase “large tax debt” could mean different things to different people. In a rural state, large tax debt could be $5,000 while in a higher income state, tax debt could...
View ArticleSample Letter: (Explain To The IRS) Payroll Problems
IRS Tax Relief Now is committed to educating and providing the public with as much information as possible to help them understand their tax issue. Many people may choose to handle their tax issue...
View ArticleHow To Get A Tax Lien Removed From Property
If you want to have a tax lien removed from your property and you go to the Internal Revenue Service’s website for advice, they will tell you that the best way to remove a tax lien is by paying your...
View ArticleTax Consequences of Foreclosure
The Mortgage Debt Relief Act of 2007 essentially allows taxpayers to exclude income from discharging debt on their principal residence. You’ll want to check the details of the exclusion to see if you...
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