irs collection: IRS NATIONAL WEBINAR: DEALING WITH THE IRS COLLECTION DIVISION
- 05/12/11 02:44 PM
<!--StartFragment--> A Practical Review of IRS Collection Procedures and Opportunities to Help Your Clients A Live Two -Hour Webinar from CCH On Tuesday, May 24, 2011 - 1 PM EST Join Attorney Eric L. Green and learn How the IRS Collection Division Operates and What Opportunities Exist to Help Taxpayers Resolve Their Tax Issues As the federal government faces extreme financial pressures, the IRS is using every tool it has available to identify taxpayers who owe back taxes in its efforts to close the “tax gap” and collect owed revenues. As of December 31, 2010 there are more than 10.4 million … (0 comments)
irs collection: IRS Payroll Taxes in Hartford, CT: Handling payroll tax liabilities for your business in Hartford, Connecticut..
- 04/21/11 03:11 PM
Whether you reside in Hartford, Connecticut or elsewhere, if your business owes back payroll taxes to the IRS it is good advice to deal with the issue as soon as possible. How do you handle the back payroll taxes? Get into tax compliance! We always advise our clients that the first step for handling any tax problem with the IRS is to get into compliance, which means you file all of your payroll tax returns and begin making your current payroll tax deposits. Without current compliance there is no making a deal on the back taxes. Is the Company worth saving? If the … (0 comments)
irs collection: IRS, Hartford, CT: IRS releases new statistics on tax collection.
- 04/06/11 09:15 AM
We focus on assisting taxpayers with IRS issues in Connecticut and Massachusetts, and are not stunned to see the latest IRS Collection numbers, all indicating a huge increase in taxpayers in trouble. Effective December 31, 2010, the IRS reports the following:
There are 10.4 million taxpayers in the IRS collection division inventory, an increase of 800,000 taxpayers, or 8.3% over 2009. There were 1,096,376 liens filed There were 3,606,818 levies served There were 57,000 offers in compromise filed, 14,000 accepted (25%) There were $14.5 billion in penalties assessed for income tax returns filed in 2010, and $5.78 billion in penalties … (0 comments)
irs collection: Back Taxes Nonfilers Connecticut: TIGTA Reports up to $576 Million Owed in Back Taxes for 2007
- 01/26/11 12:47 PM
<!--StartFragment--> A report by the Treasury Inspector General for Tax Administration states that the IRS unearth as much as $1.3 billion in unpaid taxes, penalties and interest by making better use of currency report data to identify taxpayers with potentially unreported income. We are often asked to assist nonfilers in dealing with unpaid taxes, interest and penalties in the Hartford, CT area. TIGTA identified a number of individuals who have enough cash to engage in currency transactions totaling at least $20,000, but did not file tax returns even though they appeared to have a filing requirement, as well as individuals engaged … (0 comments)
irs collection: IRS Tax Debt Collection in Connecticut: IRS Collection continues to be a major issue that is exacerbated by the economic downturn
- 01/26/11 12:45 PM
<!--StartFragment--> We frequently represent clients in IRS collection situations, and spend a significant amount of our time helping clients in Hartford, Connecticut and elsewhere with installment agreements and offers in compromise to settle their outstanding federal tax debt. Based on the latest report to Congress by the IRS National Taxpayer Advocate, IRS Collection continues to be a significant issue for the government and taxpayers alike. The report cites statistics gathered between 2006 and 2010 that show an increasing federal tax debt with a taxpayer population that can ill afford to pay. Between 2006 and 2010 the IRS’s inventory of unpaid assessments … (0 comments)
irs collection: CPA BUSINESS OPPORTUNITY: CREATING A NEW REVENUE STREAM BY LEARNING TO REPRESENT TAXPAYERS BEFORE THE IRS
- 04/27/10 12:32 PM
For Certified Public Accountants (CPAs) looking to get more from their practice per hour, their is a tremendous business opportunity to grow your practice right now: representing taxpayers before the IRS! The reality is that the IRS is both getting better at identifying non-filers as well as getting more aggressive in trying to close the estimated $346 billion tax gap. In 2009 the IRS: hired 2,500 new examiners hired 1,000 new revenue officers into the collection division filed 965,618 liens against delinquent taxpayers, up 1,665% in 10 years! served 3,478,181 levies, up 475% in ten years! There are nearly 10 million taxpayers … (0 comments)
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