A self-employed taxpayer residing in San Jose, California hired Timberline Tax Group for account representation in order to help with resolving his IRS tax liability of $624,825.15. Upon initial discussions, the taxpayer had two years that the Internal Revenue Service placed in an audit and disallowed many claims on the return, causing a large

  A taxpayer from West Virginia hired Timberline Tax for account representation and protection from the IRS. When initially retained, the Enrolled Agent determined there was an active Social Security garnishment on the account. Immediate actions were taken with the Revenue Officer and a full release was negotiated on the client’s behalf in lieu of

  Do you owe a significant amount of taxes to the IRS? Have you not found time to call and set up an agreement to pay the amount owed? Do you enjoy traveling outside of the United States? If you answered yes to these questions, your passport may be at risk. Here is a list

  There are some instances where you might not mind taking a calculated gamble. For example, on a hand in blackjack or a risky stock pick, you may decide to spin the proverbial dice and take a chance with the perceived odds of some benefit.  When it comes to IRS audit, there is no realizable

  Offers In Compromise are a great way to resolve a tax liability as long as you qualify. However, there are certain instances that you should not file an Offer: If your collection statutes are about to expire. The Internal Revenue Service has ten years to collect on tax debts once the balances are assessed. If the

  By filing a Form 2848, Power of Attorney and Declaration of Representative, you are allowing licensed individuals to represent you before the IRS. This form allows licensed professionals, such as attorneys, CPAs and Enrolled Agents, to represent taxpayers in any department within the Internal Revenue Service.   What is the purpose of an IRS

  The IRS has two primary ways to collect on tax debts: Tax Liens & Tax Levies. IRS liens are filed to protect the government’s interest in property that taxpayers own. When the lien is filed, it attaches to all tangible property that is recorded through the taxpayer’s local county clerk and recorder’s office. By filing this

The Internal Revenue Service will assess penalties on the account for a failing to file a tax return, failing to pay tax on a return, failing to pay unreported tax, failing to remit Estimated Tax Payments (individuals) and Federal Tax Deposits (businesses), and if a payment comes back as dishonored. The Following is a breakdown

  What is the IRS Offer in Compromise calculator?   The Offer In Compromise calculator is a pre-qualifier tool that individual taxpayers can use initially to determine if they qualify for a settlement with the Internal Revenue Service. Financial information is input by the user to calculate an initial offer amount that can be offered

The IRS will place your account into a “hardship” status if you are unable to pay your back-tax bill. This resolution is called currently not-collectible and it is used by thousands of Americans that cannot pay their tax liability.   Whether you owe $1,000 or $1 million, if your financial statement shows that a hardship