Help! The IRS Grabbed My Bank Account

What you need to know when the IRS takes your bank account (levy). Without professional help it is almost impossible to get the money back. The IRS will leave you with whatever cash you have in your pocket. They don’t care how you are paying for your next meal. But I do. I can get levies lifted. What is a …

Did You Receive An IRS Notice In The Mail?

Did you receive an IRS notice in the mail? We want to offer you some clues to the IRS Collection notices system. It is very confusing if you have never dealt with the IRS before. IRS Balance Due Notices Taxpayers receive Notice CP501/CP502 when they owe taxes to the IRS. Usually, incorrect deductions or credits, or excluding certain income on …

How Do I Find Out How Much I Owe the IRS?

How Do I Find Out How Much I Owe the IRS? How Do I Find Out How Much I Owe? Taxpayers that owe back taxes receive an IRS notice regarding payment. This notice includes the amount owed, the due date for payment, IRS penalties and interest, and basic instructions on how to respond. IRS Penalties and Interest Non-payment of taxes …

IRS Hires Private Tax Collectors!

IRS hires private tax collectors! The IRS has called for backup from the private sector, and four private companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and safe. What’s the deal with Private Debt Collection Agencies (PDCs)? Private debt collection agencies, or PDCs, aren’t rookies …

Beware of Dishonest Tax Pros and Tax Debt

Beware of Dishonest Tax Pros and Tax Debt Most tax professionals are honest, but some fraudulent preparers take advantage of unsuspecting taxpayers. Unscrupulous preparers may file false tax returns or simply falsify tax information. In order to increase the refund amount, they may alter income figures, deductions, business expenses, credits and/or exemptions. Even if a false return is filed without …

The IRS Grows Weaker and Weaker

As the IRS grows weaker and weaker, I honestly worry about the future of our country more and more. This is another example of this wholesale ripping up of our federal government.  I have devoted my life to promoting tax compliance, with 33 years in the IRS and 4 years working in private practice,  I strongly agree with this article. …

The IRS Is Using Private Tax Collectors And That Means Trouble For You

The IRS Is Using Private Tax Collectors And That Means Trouble For You The IRS is using private tax collectors and that is going to cause trouble to many delinquent taxpayers.The IRS has called for backup from the private sector, and these four companies could be coming after your tax debt in lieu of the IRS. Here’s what you need …

My Spouse Owes The IRS – Does That Affect Me?

My Spouse Owes The IRS – Does That Affect Me? Yes. If your spouse owes back taxes or other federal debts, it can affect your refund, but only if you file your return jointly. The interested agency can try to recover the debt using your tax refund if they are unable to do so using your spouse’s. If you do …

How The Tax Changes Will Affect The IRS And You

How The Tax Changes Will Affect The IRS And You Tax law changes will further stress out the already “broken” IRS. The White House is saying “snip, snip” to the IRS’s budget this year, but not for the first time. The agency’s allowance has been cut by 20 percent in just seven years, even though it collects $4 for every …

Are You In Trouble With The IRS?

  Trouble with the IRS can take many forms. Whatever issue you’re facing, it’s important to understand the problem and take the appropriate action. Learn more about the most common IRS issues below and what to do about them. Then, make a call to RMS Tax to get on your way towards the right resolution. Didn’t File a Tax Return …