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BANKRUPTCY AND DISCHARGING TAX LIABILITIES

Are Taxes Dischargeable in Bankruptcy? If you owe past due federal taxes that you cannot pay, bankruptcy may be an option. Other options include an IRS payment plan, an offer in compromise or currently not collectible status. If you have filed bankruptcy and have questions about an open bankruptcy, the IRS Centralized Insolvency Operations Unit...
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DO I NEED TO FILE AN IRS 1099?

An IRS form 1099 is a form that is used to report payments that you make to others. The IRS uses this information to confirm that taxpayers have reported on their tax return income that they have received. If the income is not reported, then the IRS will typically use the 1099 to assess additional...
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EDD TAX LIABILITY

What are my options if I have an EDD tax liability? It is not uncommon for a business to experience payroll tax difficulties that result in a tax liability at some point. If you have an EDD tax liability, you may need to request an affordable payment plan. Payroll taxes are collected and remitted tot the...
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BEWARE OF FAKE IRS NOTICES

There are several types of IRS scams that have been going around for some time. The typical IRS scam involves a phone call to a taxpayer saying that they must pay a tax liability or they will be arrested immediately. There is another variation to this scam now. The Internal Revenue Service and its Security...
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WHAT IS THE IRS COLLECTION APPEAL PROGRAM?

How can the IRS Collection Appeal Program help me if I have an IRS tax liability? When a taxpayer has an IRS tax liability, the IRS can initiate aggressive enforced collection activities, such as issuing wage and bank levies and asserting liens. Sometimes the IRS determines that a different entity or individual is an alter ego...
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WHAT IS AN IRS COLLECTION DUE PROCESS REQUEST?

The IRS has broad collection authority to collect delinquent taxes and to seize and sell property to collect delinquent taxes. Internal Revenue Code section 6201 grants to the IRS broad authority to assess taxes either by self-assessment by the taxpayer or as a result of an examination or audit conducted by the IRS. However, generally...
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THE TYPES OF IRS AUDITS

Types of IRS Audits If you are selected for an IRS audit, what should you expect? There are several types of IRS audits, of which the main types will be briefly discussed below. Correspondence Audits A correspondence audit is an audit that the IRS conducts via correspondence. The IRS will begin the audit by mailing...
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