IR-2021-112, IRS extends May 17th tax deadlines, and provides guidelines for individuals from disaster areas that require further extensions
AL-2021-01 - The IRS announces tax relief in Alabama for victims of tornadoes, straight line winds and severe storms
If a taxpayer files an Offer on the basis of a theory of doubt as to liability (or DALT), they will need to prove that they did not have an opportunity to challenge a tax liability. The IRS will deny relief if the taxpayer can prove that they received correct notices of assessment but failed to act upon them or challenged the tax in the context an audit. A Offer in Compromise that is solely based on Doubt regarding liability does not require financial information.
If you're unable to accept an IRS offer, the IRS will write you a reason. The IRS will typically reject compromise offers for any of these reasons.
The American Rescue Plan enacted these historic changes to the Child Tax Credit for 2021 only. That is why President Biden and many others strongly believe that we should extend the increased Child Tax Credit for years and years to come. President Biden proposes that in his Build Back Better agenda.
IR-2021-254, Hurricane Ida tax relief extended to February 15 for part or all of six qualifying states
An applicant who chooses to exercise the provisions of the Academic Fresh Start Program must meet all LSC admission or re-admission requirements and must submit official transcripts from all colleges or universities attended prior to the Academic Fresh Start being granted. The courses excluded under this provision may not be counted toward a degree, may not be counted in the GPA calculations or academic standing, and may not be used to meet prerequisite requirements.
Check here to see whether you meet their guidelines: www.irs.gov/advocate/low-income-taxpayer-clinics/low-income-taxpayer-clinic-income-eligibility-guidelines
The IRS is collecting $100,000 in back taxes. The money isn’t there. The feds could garnish your wages and seize your home.
Don't let tax issues get in the way of your life, Guillot said. Guillot urged that you don't ignore the notice that arrived in your mail. These problems are not going to get better. We understand tax issues. Dealing with the IRS can seem daunting. Our employees are available to assist you.
Rettig stated, Penalty relief can be a difficult issue for IRS to administer. We have been working on this initiative for several months after concerns from taxpayers, the tax industry, and others including Congress. This is an important step to assist taxpayers. We encourage anyone affected to read the guidelines.
IR-2021210, Additional Hurricane Ida Relief from IRS: September 15, Oct. 15 deadlines; other dates extended to January 3, for parts of Mississippi; the Nov. 1 deadline applies to the remainder of the state
For assistance, complete the Fresh Start Request for Assistance Form. The form can be returned by email, fax or mail. You can also drop it off at the address listed below.
A Offer to Compromise can be a simple but effective method for thousands of tax-debtorks being eliminated. It is a federal program that will let you pay a fraction off your tax debt. You may be eligible for a lower amount, especially for low-income families.
You can file an IRS Form 13711, Request for Appeal of Offer In Compromise. This form must be completed within 30 days after receiving the rejection notice. Your appeal of a rejection compromise offer will not take seriously if you can prove the following.
We'll first identify any potential penalties or interest charges you should be aware of between now and the time you are approved for a relief plan. Next, we will discuss your circumstances with you in order to determine which Fresh Start tax program option is best for you. To increase your chances of getting accepted, we'll walk you through each step of the application process. Because we understand the language of the IRS, we can help our clients with all aspects of the application process. Our team will help you with your tax journey and ensure you are in compliance after you have been accepted to the Fresh Start program. This could include helping you file your taxes on-time to avoid violating your agreement. Call us today to learn more about how you can get tax relief under the IRS Fresh Start program.
WASHINGTON -- Today, the Internal Revenue Service announced a series of changes to assist struggling taxpayers affected by COVID-19 in settling their tax debts with IRS.
Once you find out why your offer was rejected by the Revenue Officer, you can resubmit it. A special procedures officer, or the revenue officer, might be able help you to come up with a way for your offer to be accepted.
Because of its flexibility, The IRS Fresh Start Program offers excellent options for unintentional tax evaders. Despite its many advantages, there have been misconceptions about its capabilities.
If your penalties are reduced, or removed, we will automatically reduce or eliminate the related interest. You can find more information about penalties and the interest that we charge, at Interest.
To file a formal appeal, please complete IRS Form 13711 Request of Appeal of Offer in Compromise within 30 days of receiving your rejection letter. Your appeal against a rejected compromise proposal will be dismissed if all of the above are true.