The IRS has been targeting micro-captive insurance companies for the past several years, and included abusive micro-captive arrangements on the agency’s Dirty Dozen list of tax scams again this year. Why is the IRS so intent on pursuing these companies and vigorously...
Can you sue the IRS? Anyone can sue. The real consideration is which circumstances warrant such action. In many cases, the money and effort put into suing the IRS can end up being greater than the cost of paying the tax bill. If you feel strongly that the IRS has...
Having an IRS tax debt can be overwhelming. You keep receiving what seems like a never-ending stream of letters and notices, all while penalties and interest are accruing. But there are processes to resolve that debt, and in some instances even get a discount on your...
If you suddenly realized you made a mistake on your last tax return and owe more money to the IRS, don’t panic. The tax agency has procedures in place for this issue, as does the state of Georgia. Depending on the mistake, it can be simple to fix the error, although...
If you owe the IRS money and cannot pay the entire amount at once, you might consider applying for an installment payment plan. While these agreements provide you with relief from having to immediately pay the IRS, they still require you to pay the agreed-upon amount...
If you have received a letter via regular mail from the Internal Revenue Service (IRS) asking about a tax position you took on a recent return or requesting additional information, it was likely a soft letter. These letters are one of several pre-audit tools that the...
