The US government has given the IRS incredible power to both determine the amount of taxes you owe and to perform tax collections. The good news is that you are not powerless.
Tax Law News and Information Straight from The Tax Lawyer
Are there limits on the amount of time I have to pay off my tax debt?
The IRS recently changed its Installment Agreement conditions in order to allow more taxpayers to qualify and catch up on back taxes.
What the IRS has determined that a taxpayer owes a tax debt, they are entitled by the US government to begin tax collections actions. In those cases, the taxpayer has several options for resolving the Tax Collection Action with the IRS.
If you have reached the tax appeals stage and you are considering making a settlement offer to the Tax Appeals officer, there are certain things to keep in mind.
Tax Appeals conferences are typically rather informal. There is generally no stenographer present to record the issues of fact and tax law discussed, unless specifically requested by the taxpayer via specific procedures.
The Tax appeals Conference is generally an informal affair.
When you have a disagreement with the IRS over the amount of tax you owe, you may need to enter into negotiations with the Office of Appeals. The Office of Appeals is in charge of administrative dispute resolution with the IRS.
A taxpayer who wishes to obtain a refund from the IRS for overpayment of taxes cannot do so unless the written refund claim is filed with the IRS within the proper time period.
Sometimes, a taxpayer’s case may involve issues that will impact the taxpayer for years to come.