An immediate reality for any person in Minnesota or elsewhere in the country who is challenged by tax authorities is that the resulting interaction will be centrally marked by an immense disparity in power and resources. On the one hand is an individual. Squared off against this one person is a bureaucracy with vast investigatorycontinue reading…
IRS payment options for struggling taxpayers
Here’s a hypothetical — and, in many instances, a reality — for some taxpayers in Minnesota and nationally: As an honest and conscientious person, you want to fully satisfy your currently owed tax debt, but you absolutely know from staring at the amount demanded that you cannot write a check to cover it. What cancontinue reading…
What’s that Internal Revenue Service audit notice all about?
Does receiving an audit notice from the IRS equate to an allegation by the tax agency that you’ve done something wrong in filing your taxes? Many taxpayers might want to simply take a deep breath and try to relax upon locking eyes with IRS audit-related correspondence in their mailbox. As the agency notes on itscontinue reading…
IRS offers in compromise: of great utility to eligible taxpayers
Although the Internal Revenue Service is often regarded by American taxpayers as a stern and uncompromising agency (with that view obviously being justified in many millions of cases), that does not mean that the IRS is flatly unwilling to engage in good-faith negotiations and compromise on alleged tax debt owed in select instances. Minnesota filerscontinue reading…
What exactly is a correspondence audit?
As an individual or business owner, notification of a tax audit is the last thing you want to see. Even if everything is on the up and up, audits conducted by the Internal Revenue Service are still a tremendous imposition. After all, this is not something people should simply ignore; rather, it must be addressed.continue reading…