As correspondence increasingly becomes more electronic throughout the years, it may seem as if traditional mail is becoming more obsolete; yet, this is hardly the case, especially in regard to the topic of mail fraud. Mail fraud, which is similar to wire fraud, is a federal crime that the government continues to take very seriously
Blog
What is Tax Fraud
We have all heard or seen the term “tax fraud” before, yet how much do we really know about the meaning of this phrase? The definition of fraud includes, but is not limited to, “an act or instance of deception, deceit, something false or spurious.”[1] For many, seeing the denotation of the word fraud is
Expense Categories
Expense Categories When the tax debtor is unable to meet his or her financial obligations, the Internal Revenue Service can provide a number of alternatives that will allow the taxpayer to meet those obligations over time. This is also known as an installment agreement, i.e. an agreement between the tax debtor and the IRS that
Seizures
The Internal Revenue Service will institute collection proceedings when a tax debtor fails to meet his or her federal tax obligations. One of the ways in which these collection proceedings can arise is in the form of the seizure of the tax debtor’s assets. A tax debtor facing this set of circumstances may find him
What IRS Agents Use to Locate Assets
The Internal Revenue Service (IRS) has a number of tools and resources at its disposal, which its Field Collection employees as well as other IRS personnel may use to track down a tax debtor’s assets. The IRS will track these assets for a wide variety of reasons. Whether it be to place a federal tax
IRS Collateral Agreements (IRM 5.6.1)
Internal Revenue Service (IRS) collateral agreements are agreements between a taxpayer and the IRS whereby the taxpayer makes a promise to the IRS to perform in some way. It may be a promise to pay a delinquency or file a return, but it is not to be confused with an offer in compromise. Unlike a
Contesting an IRS Levy
The Internal Revenue Service (IRS) has the power to levy on a tax debtor’s assets in the event that a tax debtor fails to remit to the IRS taxes previously assessed 30 days after receiving a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice). However, there are
Effect of Reporting an Account as Currently Non-Collectible
When a taxpayer is incapable of meeting his or her federal tax obligations, he or she has a number of options, each of which can serve to delay, reduce or even expunge tax debt. Offers in compromise, installment agreements, and hardship determinations are just some of the ways in which tax debtors can effectively manage
Form 433-F
When a tax debtor is unable to meet his or her tax liabilities, the Internal Revenue Service (IRS) may under certain circumstances approach the tax debtor to implement a workable payment plan. In doing so, the IRS acknowledges that this is the best solution to a situation where the tax payer is unable to pay,
Form 433-A
When a tax debtor claims that he or she is unable to meet his or her federal tax obligations, the Internal Revenue Service (IRS) must endeavor to learn more about the tax debtor’s financial situation in order to verify this claim. By doing so, the IRS learns more about the debtor’s financial ability to pay,