What Happens If I Receive a Notice of Intent to Terminate Installment Agreement?

January 25, 2017

Installment agreements with the IRS let taxpayers pay their outstanding tax debt in fixed monthly payments over a certain number of months or years. Once the agreement is made, the taxpayer is obliged to at least pay the minimum required amount every month. Taxpayers unable to pay the minimum amount are required to inform the…
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How Far Back Can the IRS Claim on Tax Evasion or Fraud?

January 8, 2017

Even though you may be a law-abiding taxpayer, innocent mistakes can be easily interpreted as suspect. If you are a business owner, an aggressive tax planning strategy may be considered illegal without you knowing it. It therefore pays to be able to differentiate tax evasion and fraud, as well as to know the statute of…
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The Difference Between the IRS Automated Collection Service and Revenue Officers

January 4, 2017

Dealing with unresolved tax issues with the IRS can be a stressful experience. If you have unpaid taxes owed to the IRS, you can certainly expect to be contacted by someone at some point. You may be contacted by the Automated Collection Service or ACS, or you may be contacted by an IRS Revenue Officer….
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