IRS Tax levy, Tax Collection, Tax Lien, Foreclosure Debt Foregiveness Rules May Be Amended.

Los Angeles, California - IRS will be improving IRS tax procedures to protect victims of tax-related identity theft and expanding outreach and ... to assist identity theft victims. 3. Cancellation of Debt Income. When an individual or business ... to foreclosure or who default on car loans or credit card debts. Taxpayers may exclude the amount [more...]

Date: 2008-07-22 19:43:56

Blog posts (8) | Videos (9)
 

IRS Doing Their Part to Ease Mortgage Crisis

IRS Doing Their Part to Ease Mortgage Crisis 17Dec08 ... determines that taking a secondary position will ultimately lead to collection of the debt. The IRS has urged all prospective homeowners in such situations to contact the agency’s Collection Advisory [more...]

Date: 2008-12-17 19:05:41

Taxes, incentives for alternative energy, national politics

While I have my opinions on 'national' politics, I try to refrain from writing about such things ... such as an end to IRS contracts with private debt collection agencies, tighter basis reporting [more...]

Date: 2008-08-26 13:31:00

IRS is willing to cut taxpayers some slack this year

IRS is willing to cut taxpayers some slack this year Jan 12th, ... out. The agency also launched a five-point plan to help those who are behind in past tax debts, giving IRS agents the ability to suspend collection actions, adjust payments for back tax bills and provide lenient [more...]

Date: 2009-01-12 04:21:16

Tax Resolution Companies- watch out for them....

You hear it on late night TV, early in the AM while you getting ready for work, and in the mail (or spammed e-mail!) ... solution to resolve your debt. The IRS operates in a business type manner as a collection agency ... is a Collection Agency with great collection powers5. You have options- you just need to know them [more...]

Date: 2008-12-30 14:27:00

Clearer Tax Laws, Help for Struggling Taxpayers Urged

The seemingly endless reams of complex federal tax laws and regulations need to be simplified, ... Code New York Times: Gentler Tax Laws Urged on Debt Default CNNMoney: A Kinder, Gentler IRS? Wall ... on financially struggling taxpayers: "1) Make greater use of collection alternatives when economic [more...]

Date: 2009-01-09 17:03:22

The IRS Now Willing to Help

Credit issues have never concerned the IRS – unless you were trying to deduct interest on personal debt, ... their tax liens to a different asset. Until now, getting approval from the IRS to complete what is known ... to be more understanding in hardship cases. IRS agents will now have grater authority to suspend tax-collection actions [more...]

Date: 2009-01-13 21:38:24

IRS Unveils Initiatives to Help Taxpayers in Financial Trouble

IRS changes offer relief to delinquent taxpayers. The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes ... and collection letters to taxpayers who recently lost their jobs, rely on income from Social Security ... the IRS to set up an installment plan. These plans allow taxpayers to pay their debt in monthly [more...]

Date: 2009-01-07 06:45:10

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