The new nominee for Treasury Secretary, Steven Mnunchin, advocates beefing up the IRS not stripping it down as most republicans advocate. Why? What would possess a Trump nominee to advocate on behalf of the IRS? Money. Pure and simple. The programs and undertakings of the US Government will require greater...
IRS May Question your 2014 Earned Income Tax Credit or EITC
The IRS has announced that many US taxpayers who claimed the 2014 Earned Income Tax Credit or EITC may receive a letter from the IRS questioning their deduction. The IRS has issued a notification that says many taxpayers will receive a 5621 Form Letter, a 5621-A or both, informing them...
IRS Scammer Tactics Increasingly Aggressive – Warning to Consumers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, December 14, 2015 The IRS has issued another warning concerning scammers posing as the Internal Revenue Service. Most US taxpayers can quickly spot a scam on the phone, but the scammers are becoming much more...
IRS Files $80,000 Lien Against Dallas Cowboy Dez Bryant
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, October 1, 2015. According to published reports from several sources the IRS has filed a tax lien for almost $80,000 against Dallas Cowboy star receiver Dez Bryant. The lien relates to...
IRS Takes in $114 Million From the Sale of Seized Assets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, September 2, 2015. The IRS has brought in $114 Million dollars from the sale of the seized assets of US taxpayers from 2011 to 2014. When the IRS seizes an asset through a levy, it...
The IRS Has Programs to Help Retire Back Tax Debt
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, August 11, 2015. The IRS has several programs that exist to help US taxpayers to pay back taxes and come into compliance with the IRS. Many taxpayers are aware of a program known as an...
What Options Do I Have If I Owe the IRS and Can’t Pay?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, August 6, 2015. If you owe the IRS for taxes and are unable to pay you might have options. If this is a relatively small matter, the IRS provides the opportunity...
Process for an IRS Garnishment
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS Collections on Wednesday, August 5, 2015. If you owe the IRS for back taxes, one strategy they will employ is to garnish your wages. What is the process for an IRS garnishment? Once you have entered the...
Treasury Inspector Says IRS Can Improve Processing of Frozen Credit Accounts
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Controversy on Tuesday, December 23, 2014. While the IRS does have certain procedural requirements and standardized systematic checks in place to identify and resolve most frozen credit accounts, the recent Treasury Inspector General for Tax Administration (TIGTA)...