IRS PIGGY BANK IS IN YOUR HANDS!

Richard Schickel Enrolled Agent Representing People Who Owe the IRS Money , Asset Protection Specialist, Author and Speaker IRS Piggy Bank Is In Your Hands! The Treasury Inspector General (TIGTA), who keeps an eye on the IRS, has disclosed that they have found $65.9 billion  (The Contents of the Piggy Bank) that can be used for disaster relief and general …

IRS CP14 Letters Spell Trouble In Your Future

The CP14 IRS Notices Are Here… What If You Have A Balance Due? If you filed a tax return and owed taxes, but didn’t pay them, you probably have received your first notice from the IRS requesting your payment: the CP14, Balance Due. That’s not all, though. These notices also explain that you owe a penalty for not paying your …

Despite Budget Cuts, The IRS Enforcement Remains High With Automation

Despite Budget Cuts, The IRS Enforcement Remains High With Automation July 27, 2017 : Jim Buttonow – The Tax Institute Over the past six years, the IRS has experienced a significant downsizing, largely due to budget cuts that reduce its resources. Many industry and news outlets have reported that cutting the IRS budget could negatively affect the IRS’ ability to …

What Is An IRS Audit?

What Is An IRS Audit?   What exactly is an IRS audit? Taxpayers countrywide are anxious and terrified of getting audited by the IRS – for very good reasons. After all, during an audit the IRS makes every effort, non-stop, to confirm all of the numbers and detailed sums that you’ve put on your tax return(s). Almost all taxpayers can’t …

What to Do If You Underpaid the IRS

What To Do If You Underpaid The IRS Underpaid the IRS? It happens to the best of us. We carefully prepare for an appointment with our accountant or we gather all our documents and go through the process of preparing our tax returns. A short while later we receive a notice from the IRS letting us know that we underreported …

Do Not Pay More Than You Have To For Tax Representation

Do Not Pay More Than You Have To For Tax Representation   Tax Representation is scary, some firms stalk potential clients. If you are reading this,  you already know what I am talking about. You have received IRS letters and then letters, emails and phone calls from those predatory tax representation agencies who promise you the world…right after you send …

Owing The IRS Is Like Dancing With The Devil

Owing The IRS Is Like Dancing With The Devil   Owing the IRS sucks! I have worked with thousands of taxpayers over the last 37 years. All of them had one thing in common they were afraid of the IRS up to a point. Afraid of getting audited, getting caught, losing everything to a tax collector. They had good reason …

I Dream About The Internal Revenue Service

I Dream About The Internal Revenue Service   I dream about the IRS. No, I really do. Sometimes they are nightmares about the things that have happened over the years when I worked at the IRS and since. But sometimes they are solutions to the situations of my clients. My clients are very special in that they bring their cases …

IRS – What is An Injured Or Innocent Spouse?

IRS- What is An Injured or Innocent Spouse? Injured Spouse??? What does this have to do with taxes? Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later …

Owing The IRS Is Very Stressful – We Can Help

Owing The IRS Is Very Stressful!   STRESSFUL! Get rid of the stressful feelings  that come from owing the IRS. When you owe the IRS money or when they are auditing you, you feel fear, worry, anxiety and a huge amount of stress. That stress increases with every letter or phone call that you have with the IRS. It can …