My recent post about an Offer in Compromise (where a taxpayer pays less than their existing liability as part of a deal) gone bad is in stark contrast to a rosier picture painted by CBS News. CBS seems to imply that offers are a bad idea because they reward those with outstanding tax liabilities […]
Apparently not.
It’s rare that I blog about client matters. I like to keep them private for a variety of reasons not the least of which are ethical considerations. But a recent client matter has me steamed. Really steamed. And it’s blog worthy. I’ll keep it generic.
Client had a tax matter […]
The House has approved legislation that would end the extremely unpopular program that allows private collection agencies to collect tax debts for the IRS. The IRS had previously argued that the policy was not financially viable.
Of the $32 million brought in since the collection bill went into effect, the IRS collected $7 million on […]
What? You think that’s crazy talk? You would if you have been following the debacle that is allowing private debt collectors to pursue the collection of taxes even though it is more expensive and is expected to collect fewer tax dollars. Government at its finest, no?
Concerns about privatizing tax collections have included […]
Voting and paying taxes are still hand in hand. The IRS has admitted that it has collected information on the political party affiliations of taxpayers in 20 states, while vowing that it has never used the information. This, of course, begs the question “why do it?”
The states for which political […]
The US Supreme Court ruled this week in Hinck v. U.S., 06-376, that only the U.S. Tax Court may review refusals by the Internal Revenue Service to reduce interest payments for underpayment of taxes.
John and Pamela Hinck initially brought their case in the US Court of Federal Claims seeking an $18,000 refund of interest, alleging […]
Taxpayer asks: Hi Taxgirl,
I’ve been claiming lots of dependents (that don’t exist), but not filing or paying any Federal income taxes for the past three years. What is going to happen to me?
Taxgirl says: Generally, if you’ve made a genuine mistake or you’ve omitted to include income on your return (or file at all), […]
Word on the Street (Wall Street, that is) is that one of the items on the Dems’ new agenda will be to reverse the prior decision to outsource IRS Collections activities to private collection agencies. Democratic leaders have been among the most vociferous opponents to the change, which was to take effect in September 2006.
Share […]
As previously reported, the IRS appears to be on a fee raising binge… And they’ve struck again!
According to the IRS, as of the first of the year (January 1, 2007) fees for installment agreements will increase as follows:
The fee for new direct debit installment agreements, where payments are deducted directly from a taxpayer’s bank account, […]
In part of its efforts to get more money faster be more tax-payer friendly, the IRS has finally brought its Installment Plan Agreement online.
The OIA is not to be confused with the OIC, the Offer in Compromise, which allows you to apply to reduce the total amount of tax due either because it is not […]
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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