Over the last couple of years, IRC 6751(b) has been a thorn in the side of the IRS. A few taxpayer “wins” have come courtesy of IRC 6751(b). It is a short, concise statute that spells out the procedural requirements that the IRS must follow before assessing certain… Read More
IRS Installment Agreement with my IRS Offer In Compromise? Nope
Here, I discuss the terms and conditions associated with Accepted IRS Offers in Compromise, or OICs. If you had an IRS OIC accepted, Congratulations! But it comes with certain terms and conditions beyond simply paying your tax settlement amount. In this video, I discuss a recent Court of… Read More
How to File a Timely IRS Appeals Hearing Request
In this video, I discuss IRS Collection Due Process Requests (CDP) for IRS Appeals. There is a new taxpayer-friendly change to the Internal Revenue Manual, IRM, concerning the timeliness of CDP Requests for IRS Appeals consideration. If you’re facing an IRS proposed collection action, like a bank levy,… Read More
Electronic Filing of IRS Form 1040X
Amended 1040 Tax Return may now be filed electronically. For the first time, the IRS is now permitting taxpayers to file their amended 1040X tax returns online through commercial tax software. This move certainly offers taxpayers more efficiency with their tax filing and processing but leaves open questions… Read More
IRS Backlog and Posting of Tax Payments
A development in the taxpayer tax payments backlog. During the IRS closure due to COVID-19, the IRS accumulated backlog of millions of pieces of unopened mail in trailers set up outside IRS facilities. That resulted in significant delays in the processing of taxpayer’s tax payments. The IRS also… Read More
Offers in Compromise and the Installment Agreement Problem
There is a new development in the area of compliance to the 5-year terms and conditions of accepted Offers in Compromise (OIC). For 5 years following an OIC acceptance, a taxpayer must remain fully paying and filing compliant or otherwise failure to do so constitutes a breach of… Read More