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The IRS' $250,000 payment plan has been increased substantially according to reports from tax practitioners. It is now old and the IRS is allowing taxpayers with much higher tax debts to enter into a payment plan with no documentation required. How high? $1,000,000. They quadrupled the $250,000 t...
The IRS issued a John Doe summons in US District Court on Circle Internet Financial Inc. requesting information on the identities of US taxpayers engaged in cyptocurrency transactions of at least $20,000 between 2016-2020. Cryptocurrency transactions have been used to conduct transactions that ar...
04/24/2021 (04-05-2017) Private Debt Collection   The Fixing America's Surface Transportation (FAST) Act, signed into law December 4, 2015, requires the IRS to use private collection agencies (PCAs) for the collection of certain past due modules defined as inactive tax receivables. This section...
Individuals and businesses with unpaid state taxes can have their driver's licenses and occupational or professional licenses suspended. Many states around the country have instituted these policies. When I first heard of these programs I thought that they were inherently flawed. If a taxpayer ha...
California businesses that are suspended or forfeited by the Franchise Tax Board (FTB) or the Secretary of State (SOS) lose their rights and privileges to operate. Business owners may not even be aware of the powers that they have lost. Important things that a suspended business cannot do include...


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