RECENT BLOG POSTS
In last week’s blog entitled, “Do You Owe the IRS? Here Are Your Resolution Options” attached hereI gave an overview of the three (3) primary options available to taxpayers, Installment Payment Agreements, Currently Not Collectible and Offer in Compromise.For the next three (3) weeks I am going t...
01/29/2019
How many times have you seen those commercials imploring you to call 1-800-TAX-DOPE if you owe the IRS more than $10,000? They promise to resolve your tax debts for pennies on the dollar. Does it sound too good to be true? About 99.97% of the time it is. There are four (4) different ways to resol...
01/21/2019
I received a phone call recently from a person who was very frustrated with his tax situation. He was expecting a large refund from his 2017 federal tax return which he filed right at the October 2018 deadline.He didn’t get all of the refund because the IRS garnished or levied part of his 2017 re...
01/14/2019
Most people have heard about a “statute of limitations” in the area of criminal law. There is a period of years, after a crime has been committed, to prosecute the people that the authorities believe committed the crime. Once that time limit has passed, charges can’t be brought. Did you know that...
01/07/2019
In prior weeks I wrote about, “The IRS Collection Process”, “IRS Collection Letters” and “The Final IRS Notice”.This week I am writing about the first step you need to take in order to solve your tax problems, which is to get into “tax compliance”.Before you can enter into any agreement with the ...
12/29/2018
I am attaching a couple of links here for the Active Rain community to use. The first is the "Resources" page of my website: https://bythebooktaxes.net/resources/ This page contains downloadable (pdf) brochures on > 100 tax topics. Feel free to click on whatever is helpful to you. The next link i...
12/28/2018
Last week I wrote about “IRS Collection Letters” (CP 501,503 and 504) that become increasingly threatening as time goes on and your tax debt remains unpaid.You can also link to my first blog, the “IRS Collection Process” which is an overview of what you are in for if you owe the IRS back taxes.Af...
12/27/2018
Last week I wrote about the “IRS Collection Process” and the steps taxpayers need to take in order resolve their tax debts along with some alternatives that are available to them.This week I am going to take a step back and go into detail on some of the compliance and collection letters that taxp...
12/11/2018
What do you do after you receive your first collection notice from the IRS?Sit down, take a deep breath and call a tax professional. My practice handles collections cases all the time and I can help you.It helps to know how the IRS Collection Process works. Here’s a brief overview:          Once ...
12/07/2018
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Michael O'Leary, Enrolled Agent

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