PURCHASE REPRESENTATION BEFORE THE COLLECTION DIVISION FROM THOMSON WEST REPRESENTATION BEFORE THE COLLECTION DIVISION. Now you can own the best selling book used by tax professionals who represent taxpayers before the IRS . [ad#HTML] Representation Before The Collection Division…
The new bankruptcy reform was signed into law by the president in April, 2005. It willbecome effective on October 17, 2005. . Generally families earning more than the state median, about $45,000 in Illinois, will be will face huge roadblocks to filing a Chapter 7 bankruptcy on consumer debts and only be allowed to file Chapter 13. Prior to seeking the protection of bankruptcy debtors will be required to pay for debt counseling as a first step. The following is brief summary of the major tax related provisions of the act.
In 2011 the IRS issued a new offer in compromise form. Taxpayers proposing compromises based upon doubt as to collectibility of effective tax administration must submit revised Form 656. Taxpayers proposing an offer based upon doubt as to liability must now submit Form 656-L and a narrative setting forth defenses to the liability. To comply with the new downpayment requirements taxpayers must submit Form 656-PPV with the required downpayment.
In this article tax attorney Robert E. McKenzie discusses the Trust Fund Recovery Penalty. Trust Fund Recovery Penalty Custom Search
Tax attorney Robert E. McKenzie discuss the IRS restructuring and reform act of 1998. IRS Restructuring and Reform Act Custom Search
Effective Collection Strategies Custom Search Effective Collection Strategies
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The Internal Revenue Service Restructuring and Reform Act of 1998 requires the Secretary to grant an installment agreement, at the taxpayer’s option, if:
• the liability is $10,000, or less (excluding penalties and interest);
• within the previous 5 years, the taxpayer has not failed to file or to pay, nor entered an installment agreement under this provision; [Act § 3467; IRC § 6159)
Tax attorney Robert E. McKenzie discuss IRS collection enforcement actions. IRS Collection Enforcement Actions Custom Search IRS Collection Enforcement Actions
Tax Attorney Robert E. McKenzie explains IRS processing of delinquent taxes. IRS Collection Notices Custom Search IRS Collection Notices