IRS Representation

The 20 Most Important Things to Know About An IRS Garnishment or Tax Levy

Posted on July 3, 2010. Filed under: IRS Representation | Tags: , , , , |


What Is a Tax Levy?

The Internal Revenue Service (IRS) has broad powers available to collect taxes owed that are not paid. When demands for collection fail, the most commonly used power is a tax levy. A tax levy means the IRS can confiscate and sell property necessary to satisfy a tax debt. The IRS can levy your bank accounts, retirement accounts and any other assets you may own including your car, your boat and real estate. The IRS may even levy your wages or any other income you are receiving to protect the government’s collection interests. (more…)

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New IRS Employer Tax Examinations

Posted on June 10, 2010. Filed under: IRS Representation | Tags: , , , , , , , |


The Internal Revenue Service (IRS) has recently begun a 3-year National Research Program to randomly select and intensely audit approximately 6,000 companies to focus on employment tax issues to include review of independent contractor status, executive compensation, fringe benefits and other employment tax issues.  This is a first attempt (in approximately 25 years) where the IRS National Research Program has targeted employment tax. The goal of the IRS is to identify areas of noncompliance across industry sizes and sectors including nonprofits and governmental entities, with an ultimate goal of revenue collection. (more…)

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IRS Audits and Kiplinger’s Retirement Report

Posted on June 10, 2010. Filed under: IRS Representation | Tags: , , , |


The following post is in response to an inquiry (denoted in bold lettering below)  from Kiplinger’s Retirement Report on IRS examinations (italicized below).  Our special thanks to Kathryn Watson of Kiplingers for her attention. (more…)

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New Florida Tax Amnesty Program

Posted on June 5, 2010. Filed under: IRS Representation | Tags: , , , , , |


Recent economic downturns have not only affected U.S. business but have also dramatically altered the landscape by which state and local governmental authorities operate.  In an effort to generate revenues necessary to fund state and local governmental operations, many states have increased state and local tax rates, enforcement and collection efforts. Florida is no exception.

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Tax Consequences of Cancellation of Debt, Foreclosures, Repossessions and Abandoments

Posted on May 31, 2010. Filed under: IRS Representation, Tax Tips | Tags: , , |


Just when you thought it couldn’t get any worse.  Now you find out there are tax consequences related to your foreclosure or pending foreclosure on the property or properties you own.

Not so fast! In many cases there are debt relief provisions that may possibly exclude you from taxes associated with giving up, abandoning or the foreclosure on property you own. More than ever, its important that you understand your rights and underlying tax laws that may relate real estate losses you may have. The tax laws are fairly complex and will usually require professional help from a licensed CPA or experienced tax preparer.

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Big Brother’s Watching (So Is the Tax Man)

Posted on May 31, 2010. Filed under: IRS Representation, Tax Tips | Tags: |


Scary, isn’t it!  Certainly in poor taste given that this comes from the tax collecting authorities in Pennsylvania.  The ever increasing technological surveillance of taxing authorities is upon us. Given those circumstances and that your 2010 tax returns may not be considered for examination sometime in 2013, now is the time to reconsider what you reported and whether or not you want to have someone else take a second look! At the very least, who you will be using to prepare your tax returns next year and what you can do this year to help minimize your tax burden.

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Three New IRS Tax Reporting Rules Will Help to Identify Tax Cheats

Posted on May 28, 2010. Filed under: IRS Representation, Tax Tips | Tags: , , , , |


Three new reporting requirements will significantly change the landscape as we know it for the identification and examination of federal tax reporting errors and omissions. (more…)

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IRS Hosts “Open House” Help Small Businesses, Individuals Solve Tax Problems

Posted on May 16, 2010. Filed under: IRS Representation |


The Internal Revenue Service hosted a special nationwide Open House on May 15th to help small businesses and individuals solve tax problems.  Approximately 200 IRS offices, were available on site or by telephone to help taxpayers work through their problems and walk out with solutions.  A previous IRS Open House was hosted on March 27.  While the idea is novel and could possibly work for SOME taxpayers …consider the following (more…)

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Avoiding An IRS Audit

Posted on May 10, 2010. Filed under: IRS Representation | Tags: , |


Are you wondering?

  • How Can I Avoid an IRS Audit?
  • What Triggers an Audit?
  • What Are Things the IRS Looks For?

If these are questions you are looking for the answer to you’ve come to the right place. (more…)

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Choosing A Tax Problem Resolution Specialist

Posted on April 6, 2010. Filed under: IRS Representation | Tags: , , , |


Dealing effectively with the Internal Revenue Service (IRS) or other state or local regulatory authorities requires specialized knowledge and experience. (more…)

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