If there’s one central reason why the Internal Revenue Service seems to often target privately held small and mid-sized businesses for audits, it might simply be that they are far easier to probe than is the case with gargantuan business entities. In other words, one IRS examiner or a small team of investigators can withcontinue reading…
No charges, conviction? No problem. IRS could still seize funds
The Internal Revenue Service is arguably the most powerful collection agency. Is it more than that? The truth is that the IRS has powers that extend well beyond collecting on a tax liability. Did you know that the broad authority of the IRS is used in many criminal situations? A good example involves tracking “unusual” deposits.continue reading…
You’ve received a bill from the IRS: Now what?
It certainly doesn’t qualify as anyone’s favorite mailing. In fact, receiving a letter from the Internal Revenue Service demanding payment for alleged tax debt can spoil the rest of the day for virtually any person in a heartbeat. What do you do with such a communication? Well, you can of course pay the full amountcontinue reading…
Film maker: Rather than suffer the IRS, simply eliminate it
Reportedly, officials from the Internal Revenue Service could not be reached for comment regarding a documentary on the agency that opened yesterday in select theaters across the country. That hardly seems surprising, given the author’s comment that the IRS administers a system based on progressive taxation of earnings that “came out of the 1850s withcontinue reading…
If the IRS comes calling, be prepared to answer
Few federal agencies in the U.S. have a more intimidating reputation than the Internal Revenue Service. All it takes is a letter from the IRS inquiring about tax issues to send a person into a spiral of fear, panic and anxiety. However, it may be comforting to realize that the IRS cannot do whatever itcontinue reading…