Is it easy to get the IRS to agree to an offer in compromise? The IRS is not in the business of settling tax debt for pennies on the dollar. In fact, the idea promoted on the TV and radio that it is easy to complete an IRS offer in...
How Can We Help Taxpayers to Receive IRS Penalty Abatement
How can Allen Barron help US, California and San Diego taxpayers to receive IRS penalty abatement? How can IRS penalty abatement substantially reduce what you owe to the IRS? There are several reasons why you should not have to pay the draconian penalties the IRS adds to many US taxpayer's...
Prompt Action is Necessary When Facing an IRS Levy
Have you received a notice from the IRS regarding back taxes and an intent to levy your business and/or personal accounts? Prompt action is necessary when facing an IRS levy. When a person has a tax debt regarding federal taxes, they could be subject to many different Internal Revenue Service...
Dealing with the IRS on Back Taxes
How should you handle communications when you’re dealing with the IRS on back taxes? Let's say that you owe the IRS $10,00 for back taxes. This is the first time that you have been at odds with the IRS, so you have no idea what to do -- as is...
Is Your Home or Business at Risk During a Tax Collection Process?
Is your home or business at risk during a tax collection process? Let's say that the IRS informed you that you owe the agency money for back taxes or tax debt. This isn't exactly rare, but it isn't exactly common either. When you are informed, it will likely take some...
Tax Audits Liens and Levies
We are often asked about tax audits liens and levies. When you are delinquent on your taxes, there are a number of severe penalties with which you can be hit. The three types of penalties that you have probably heard about are tax audits, tax liens and levies. We've talked...
The Tax Danger of Personal Service Corporations
What is a Personal Service Corporation (PSC) and why is there a potential tax issue for PSCs? Many S Corporations and LLCs may be considered by the IRS to be a PSC. This could result in substantial additional business tax burdens. The IRS has again begun to examine corporations to...
An IRS Tax Audit Opens the Door for California Tax Agencies
Did you know that an IRS tax audit opens the door for California tax agencies? If you receive a notification from the agency regarding an IRS audit, you have several immediate concerns. Your tax attorney and accounting professional at Allen Barron will provide extensive guidance on what to expect from...
The IRS Wrongfully Seized Millions from Legal Business
The Treasury Inspector General for Tax Administration (TIGTA) has found the Criminal Investigation Unit of the IRS wrongfully seized millions from legal business entities and individuals. The investigation was opened after several complaints were filed in 2014 regarding IRS seizures of property or bank levies without evidence of a crime....