Showing posts with label owe. Show all posts
Showing posts with label owe. Show all posts
Monday, January 13, 2025

Government Forces Sale to Cover Partner’s Tax Debt

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  I was reading a case recently that bothered me. It involves something that – fortunately – I rarely see in practice. Here is the Code se...
Monday, July 31, 2023

An IRS Payment Plan And Tax Evasion

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  Let’s talk today about IRS payment plans. More specifically, let’s talk about common paperwork in requesting a payment plan. A common on...
Sunday, July 9, 2023

Choose The Lesser Of IRS Grumpiness

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  Let’s talk about the failure to file (FTF) penalty. Most of us must file an annual income tax return. Unless one is an expat (that is, a...
Sunday, August 16, 2020

Talking Frankly About Offers In Compromise

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I am reading a case involving an offer in compromise (OIC). In general, I have become disinclined to do OIC work. And no, it is not just...
Sunday, February 17, 2019

IRS Individual Tax Payment Plans

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I anticipate a question about an IRS payment plan this tax season. It almost always comes up, so I review payment options every year. It o...
Saturday, December 22, 2018

Estimated Taxes Matter

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Sometimes I read a case and I wonder if the most interesting part was not included. There is a couple – a doctor and a financial consu...
Saturday, August 26, 2017

It’s A Trap

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Let’s talk about an IRS trap. It has to do with procedure. Let’s say that the you start receiving notices from the IRS. You ignor...