Monday, December 21, 2015
Be wary of taking anything your revenue officer
says too literally.
Just because the IRS agent is polite or even nice doesn't mean you can rely on what he or she tells you. The revenue agent is not being paid to help you, they are paid to collect money and stop the accrual of new taxes. Rarely does a revenue agent tell you all your options for resolving your tax debt or how to save money. Our attorneys' experience has shown that many times a revenue agent will give wrong or misleading information.
In fact, you can't even rely on the instructions the IRS publishes on its own website telling you how to fill out its forms. There are many cases in which people have cited IRS publications that appear to support their case, only to lose to the IRS because the instructions are not officially part of tax law.
Know your rights. We are here to help you and we will make sure you get the best and most cost-effective resolution possible for your tax debt issues. Don't wait any longer. Penalties and interest continue to accrue daily.
Best wishes,
Kip
Monday, November 9, 2015
Federal Tax Laws and Regulations are Now Over 10 Million
Words Long
“In a recent Pew poll, (http://www.people-press.org) 72 percent of Americans said
that they were bothered by how complex the federal tax system is. These
taxpayers are justified in their complaints: as of 2015, federal tax laws and
regulations have grown to over 10 million words in length.” (See full article here).
Nothing, absolutely nothing, should take over 10 million
words to explain (with the exception of your teenager explaining how the car
got wrecked!). But the exception only shows that the IRS feels they
need to bury the truth under mountains of technical jargon, so that your only
recourse is to give up trying to understand and do whatever they say.
It’s inexcusable, but until things change those are the
rules–all 10 million words of them. It’s not the IRS’s business to help you
figure out how to pay what you owe; so if you want to win against the IRS you
had better have someone on your team that knows the rules and can explain the rules
to you in a way that makes sense. Only then can you make the right decisions to
avoid paying unnecessary penalties, interest and taxes. Our attorneys will make
sure the IRS plays fairly and honestly with you and we’ll explain what your
options are for paying the least amount of taxes!
Best wishes,
Kip
Monday, October 12, 2015
Understanding Your IRS Notice
No one likes getting love letters from the IRS. Your
heart begins to race and you wonder if your employees or mail man saw the
notice. Some will just throw it out, others add it to the pile and still
others open the letter. You take a quick review, hoping it’s not a notice of
levy or intent to levy, or you read it carefully only to scratch your head
because you’re left with more questions than answers.
There are several reasons you may receive a notice from
the IRS:
- Some
notices are intended to inform: the IRS needs information, you owe
money, they are taking action such as audit, levy etc.; sometimes it is to
provide you with information about your account;
- Some
notices require action on your part and may have important
deadlines;
- Others
are sent to scare you into action; a notice of intent to levy or seize
has rights to appeal to stop the IRS from taking action;
- Others
are fraudulent letters from companies trying to get you
to call so they can try to sell you their services.
Don’t ignore these notices. Read the notice carefully
and respond accordingly. Understand that ignoring or failing to pick up
certified letters DOES NOT STOP COLLECTION ACTION. If you
don’t understand what one of these letters means, give us a call. One of our
qualified attorneys will review the letter with you and explain what it
means and how it can affect you, all without charge.
I have been helping people in your situation for 15 years,
and it has been my experience that ignoring or procrastinating only makes your
situation worse. Penalties and interest continue to grow, stress grows, time is
lost. Don’t wait any longer. You’re only making it harder and
more expensive for yourself.
Best wishes,
Kip
Monday, December 21, 2015
Be wary of taking anything your revenue officer
says too literally.
Just because the IRS agent is polite or even nice doesn't mean you can rely on what he or she tells you. The revenue agent is not being paid to help you, they are paid to collect money and stop the accrual of new taxes. Rarely does a revenue agent tell you all your options for resolving your tax debt or how to save money. Our attorneys' experience has shown that many times a revenue agent will give wrong or misleading information.
In fact, you can't even rely on the instructions the IRS publishes on its own website telling you how to fill out its forms. There are many cases in which people have cited IRS publications that appear to support their case, only to lose to the IRS because the instructions are not officially part of tax law.
Know your rights. We are here to help you and we will make sure you get the best and most cost-effective resolution possible for your tax debt issues. Don't wait any longer. Penalties and interest continue to accrue daily.
Best wishes,
Kip
Monday, November 9, 2015
Federal Tax Laws and Regulations are Now Over 10 Million
Words Long
“In a recent Pew poll, (http://www.people-press.org) 72 percent of Americans said
that they were bothered by how complex the federal tax system is. These
taxpayers are justified in their complaints: as of 2015, federal tax laws and
regulations have grown to over 10 million words in length.” (See full article here).
Nothing, absolutely nothing, should take over 10 million
words to explain (with the exception of your teenager explaining how the car
got wrecked!). But the exception only shows that the IRS feels they
need to bury the truth under mountains of technical jargon, so that your only
recourse is to give up trying to understand and do whatever they say.
It’s inexcusable, but until things change those are the
rules–all 10 million words of them. It’s not the IRS’s business to help you
figure out how to pay what you owe; so if you want to win against the IRS you
had better have someone on your team that knows the rules and can explain the rules
to you in a way that makes sense. Only then can you make the right decisions to
avoid paying unnecessary penalties, interest and taxes. Our attorneys will make
sure the IRS plays fairly and honestly with you and we’ll explain what your
options are for paying the least amount of taxes!
Best wishes,
Kip
Monday, October 12, 2015
Understanding Your IRS Notice
No one likes getting love letters from the IRS. Your
heart begins to race and you wonder if your employees or mail man saw the
notice. Some will just throw it out, others add it to the pile and still
others open the letter. You take a quick review, hoping it’s not a notice of
levy or intent to levy, or you read it carefully only to scratch your head
because you’re left with more questions than answers.
There are several reasons you may receive a notice from
the IRS:
- Some
notices are intended to inform: the IRS needs information, you owe
money, they are taking action such as audit, levy etc.; sometimes it is to
provide you with information about your account;
- Some
notices require action on your part and may have important
deadlines;
- Others
are sent to scare you into action; a notice of intent to levy or seize
has rights to appeal to stop the IRS from taking action;
- Others
are fraudulent letters from companies trying to get you
to call so they can try to sell you their services.
Don’t ignore these notices. Read the notice carefully
and respond accordingly. Understand that ignoring or failing to pick up
certified letters DOES NOT STOP COLLECTION ACTION. If you
don’t understand what one of these letters means, give us a call. One of our
qualified attorneys will review the letter with you and explain what it
means and how it can affect you, all without charge.
I have been helping people in your situation for 15 years,
and it has been my experience that ignoring or procrastinating only makes your
situation worse. Penalties and interest continue to grow, stress grows, time is
lost. Don’t wait any longer. You’re only making it harder and
more expensive for yourself.
Best wishes,
Kip
Monday, December 21, 2015
Be wary of taking anything your revenue officer
says too literally.
Just because the IRS agent is polite or even nice doesn't mean you can rely on what he or she tells you. The revenue agent is not being paid to help you, they are paid to collect money and stop the accrual of new taxes. Rarely does a revenue agent tell you all your options for resolving your tax debt or how to save money. Our attorneys' experience has shown that many times a revenue agent will give wrong or misleading information.
Just because the IRS agent is polite or even nice doesn't mean you can rely on what he or she tells you. The revenue agent is not being paid to help you, they are paid to collect money and stop the accrual of new taxes. Rarely does a revenue agent tell you all your options for resolving your tax debt or how to save money. Our attorneys' experience has shown that many times a revenue agent will give wrong or misleading information.
In fact, you can't even rely on the instructions the IRS publishes on its own website telling you how to fill out its forms. There are many cases in which people have cited IRS publications that appear to support their case, only to lose to the IRS because the instructions are not officially part of tax law.
Know your rights. We are here to help you and we will make sure you get the best and most cost-effective resolution possible for your tax debt issues. Don't wait any longer. Penalties and interest continue to accrue daily.
Best wishes,
Kip
Monday, November 9, 2015
Federal Tax Laws and Regulations are Now Over 10 Million
Words Long
“In a recent Pew poll, (http://www.people-press.org) 72 percent of Americans said
that they were bothered by how complex the federal tax system is. These
taxpayers are justified in their complaints: as of 2015, federal tax laws and
regulations have grown to over 10 million words in length.” (See full article here).
Nothing, absolutely nothing, should take over 10 million
words to explain (with the exception of your teenager explaining how the car
got wrecked!). But the exception only shows that the IRS feels they
need to bury the truth under mountains of technical jargon, so that your only
recourse is to give up trying to understand and do whatever they say.
It’s inexcusable, but until things change those are the
rules–all 10 million words of them. It’s not the IRS’s business to help you
figure out how to pay what you owe; so if you want to win against the IRS you
had better have someone on your team that knows the rules and can explain the rules
to you in a way that makes sense. Only then can you make the right decisions to
avoid paying unnecessary penalties, interest and taxes. Our attorneys will make
sure the IRS plays fairly and honestly with you and we’ll explain what your
options are for paying the least amount of taxes!
Best wishes,
Kip
Monday, October 12, 2015
Wednesday, August 13, 2015
You May Qualify for Penalty Relief
Everyone wants to know how to get rid of those ridiculous penalties, so read on to see if you qualify for an abatement of penalties.
If you have been charged a penalty for failing to file your return or pay your taxes on time, you may be eligible for penalty relief:
- If you filed your tax returns and paid your taxes on time for the past 3 years, we may be able to remove the penalties based on First Time Abatement.
OR:
- If you believe the circumstances that prevented you from meeting your tax obligation were beyond your control, we may be able to remove the penalties based on Reasonable Cause.
Your Reasonable Cause explanation must:
1. Explain why you didn't file your return or pay the tax you owed by the return due date
2. Provide the dates of the event that prevented you from meeting your tax obligations
3. Explain why you couldn't have anticipated this situation
4. Explain how this event prevented you from meeting your obligations, as well as other obligations (unable to work, pay bills or attend to other financial matters, etc.)
Be aware that not all taxpayers will qualify for penalty relief and as a former defense attorney I can tell you how you present the facts can make a big difference. I'd be happy to discuss your situation with you to determine whether you might qualify for penalty abatement.
Best wishes,
Kip
Everyone wants to know how to get rid of those ridiculous penalties, so read on to see if you qualify for an abatement of penalties.
If you have been charged a penalty for failing to file your return or pay your taxes on time, you may be eligible for penalty relief:
- If you filed your tax returns and paid your taxes on time for the past 3 years, we may be able to remove the penalties based on First Time Abatement.
OR:
- If you believe the circumstances that prevented you from meeting your tax obligation were beyond your control, we may be able to remove the penalties based on Reasonable Cause.
Your Reasonable Cause explanation must:
1. Explain why you didn't file your return or pay the tax you owed by the return due date
2. Provide the dates of the event that prevented you from meeting your tax obligations
3. Explain why you couldn't have anticipated this situation
4. Explain how this event prevented you from meeting your obligations, as well as other obligations (unable to work, pay bills or attend to other financial matters, etc.)
Be aware that not all taxpayers will qualify for penalty relief and as a former defense attorney I can tell you how you present the facts can make a big difference. I'd be happy to discuss your situation with you to determine whether you might qualify for penalty abatement.
Best wishes,
Kip
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