When it comes to tax strategies there are the before tactics and after tactics. The after tactics are those a person may draw upon if they are already under notice from the IRS that they face a serious tax liability. By working with experienced counsel, you can come up with a plan for how best tocontinue reading…
Tax delinquency could mean you can’t get there from here
Do you remember the FAST Act? Despite the implications of the acronym on that 2015 law, there are elements of it that have the potential for putting the brakes on some individual’s travel plans. As we noted in a pair of posts a year ago at this time, while the U.S. State Department is responsible for issuingcontinue reading…
‘Business as usual’ in government; private sector confusion
The start of the new White House administration has been interesting to watch, to say the least. Many pundits, including here in Minnesota and Wisconsin, point to the activity with a suggestion that it is unprecedented. The reality is that much of what is happening is not unusual. Every new administration brings with it change.continue reading…
In the face of IRS unknowns, focus on fundamentals
In our post of Jan. 19, we noted how the IRS indicates that it will continue relying on business whistleblowers in tax collection efforts. The agency’s recent report to Congress hails the fact that such tips resulted in collections of over $3 billion since 2007. Payouts to the whistleblowers were in the millions by comparison. With thatcontinue reading…
How much do you know about wage levies? – II
In the previous post, our blog discussed how the Minnesota Department of Revenue has a considerable number of administrative tools at its disposal when seeking to collect overdue tax debt, including wage levies. To recap, a wage levy is essentially an order sent to an employer by the Department directing them to withhold up tocontinue reading…