The IRS is set to mail the IRS Collection CP14 Notice to millions of taxpayers this June who are suffering from unpaid IRS back taxes. Put simply, an IRS NP14 Notice is sent by the IRS when the IRS believes the taxpayer owes unpaid taxes. What should I do after receiving an IRS CP14 Notice? […]
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IRS back taxes are collected by the IRS through a formal program known as the IRS Collection Process. The collection of IRS back taxes can be brutal and result in wage garnishments, bank levies, and IRS tax liens. Affirmative action by your tax attorney is best; Ignoring the IRS leads to disaster. How are IRS […]
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IRS Offer in Compromise & IRS Criminal Penalties Attorney Robert Schaller says taxpayers may submit an IRS offer in compromise application to resolve IRS criminal penalties. The Secretary of the Treasury may compromise any criminal liability arising under the internal revenue laws prior to the reference to the United States Department of Justice for prosecution or […]
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IRS back-tax debt is treated differently from credit cards and medical bills, according to attorney Robert Schaller.
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An Offer in Compromise is an agreement between a taxpayer and the IRS that settles a tax liability for payment of less than the full amount owed. IRM § 5.8.1.2.1 (09-23-2008); Adamowicz v. US, 08-888C, Pg. 5 (D.C. Ct. Fed. Cl. 11/21/2011). Together, 26 U.S.C. § 7122 (Offer in Compromise) and 26 U.S.C. § 7121 (closing agreements) […]
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