Stand Up to the IRS Blog

Although it may seem like the Service makes its own rules, there are laws that protect taxpayers from the long arm of the IRS Collection Division. One law the IRS must adhere to is the ten-year collection statute.

A common surprise for our small business clients is that we ask them to provide us with personal financial information to resolve their business tax debt. Naturally, this creates apprehension.

In most cases that I've seen, the IRS comes up with a much higher ability to pay than the taxpayer. The discrepancy is often due to the implementation of IRS' Collection Information Standards. They're used to limit monthly expenses.

A major component of the IRS collection system is the Deadline Date. IRS Revenue Officers typically agree to deadline dates 30 days out. Here are a few tips.

Can't afford a tax pro. The Low Income Taxpayer Clinic (LITC) list contains the contact information of organizations in every state that offer low to no cost assistance to Individual taxpayers (not businesses) that cannot afford representation.

Owe payroll tax? You may be able to reduce the Federal Tax Deposit (FTD) penalty charged to your business for making your EFTPS deposits late. Under the authority of the Internal Revenue Code, a you may designate deposits within a 941 reporting period.

You will hear a lot of things that aren't true when you're considering proposals from tax resolution companies. Take couple of minutes to read about what to watch out for.

A common way for salesman in our industry to hook an unsuspecting taxpayer is to promise an “Appeal” as the first step in the process. “Appeal” in this context is simply a buzz word, a hook, when in reality; an Appeal may or may not benefit you.

The government holds real, ordinary people responsible for business taxes. Business owners, employees, shareholders, officers, bookkeepers and accountants may all be at risk of being held liable for the Trust Fund. Luckily, you can fight it.

Any payment to the IRS when you owe a back-tax liability is a great idea, right? Wrong! M&M can help you determine how to make payments toward your tax debt to benefit you the most. Contact us before sending your Voluntary Payment to the IRS.