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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

October 13, 2021 | Collection, IRS, Tax Due, Taxes...
IRS Working with Private Debt Collection Agencies AGAIN!

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

If its been more than a year since you paid on or contacted the IRS for that annoying tax debt, the IRS may refer your account to a private debt collection agency. However, the IRS only works with a handful of agencies. Here’s how to know if that collection letter is legitimate: Collection letter comes … IRS Working with Private Debt Collection Agencies AGAIN!

October 7, 2020 | Collection, Form 1040, IRS, Tax Due, Tax Forms...
How to Handle a Tax Notice (“Bill”)

woman setting at computer desk holding her head

It’s Tax Notice season, IRS, State and Local Tax Districts are issuing those wonderful “love letters” for tax due . . . questions: 1.Is the Notice legitimate? 2.Is it Correct? 3.How to respond? Legitimacy: If the Tax Notice (“Bill”) has spelling or grammar errors, asks for payment in bit coin or cash cards or threatens … How to Handle a Tax Notice (“Bill”)

July 30, 2020 | Collection, Form 1040, IRS, Tax Due, Tax Resources...
Can’t Pay Taxes? Options . . .

July 15 has come and went . . . and the tax bill does not fit into your budget. . . what to do: File anyway. This stops the Failure to File Penalty. If can pay the balance by year end, make monthly payments. Ask your tax pro for bill stubs. Pay at least every … Can’t Pay Taxes? Options . . .

July 22, 2020 | Collection, Form 1040, IRS, scams, Tax Due...
SCAM ALERT—Some of the IRS’s Favorites:

Accountant holding books bag of cash beside him. policeman beside him holding a pair of handcuffs

Pfishing: Fake emails made to look like coming from the IRS to steal personal information. IRS never contacts taxpayers by email. Don’t click on any “IRS” links Fake Charities—unsolicited contact from questionable charities. Have similar names to legitimate charities to fool people into giving money or financial information. Legitimate charities have an employer identification number … SCAM ALERT—Some of the IRS’s Favorites:

September 25, 2019 | Collection, Form 1040, Gift, IRS, Tax Due...
Prizes Are Taxable?

Tahoe utility setting at the water's edge of a beach

As a high school student discovered in the Conyers case. A car dealership held a competition for high school seniors who had perfect attendance and/or good grades. Schools submitted names of qualifying students and the dealership held a drawing for a new car. The student accepted the new vehicle, but didn’t report the income on … Prizes Are Taxable?

July 31, 2019 | Collection, Foreign taxation/Abroad, Form 1040, IRS, Tax Due...
IRS Collects Tax for Foreign Countries Too?

Two police officers outside one holding night stick other holding hand cuffs

Moving to the United States does not stop a foreign country from collecting a tax debt as Dr. Retfalvi found out (Retfalvi, 4thCircuit). Dr. Retfalvi was a Canadian citizen. He moved to the US under a Work Visa and later became a US Citizen. The IRS initiated collection procedures on Taxpayer on behalf of Canada. … IRS Collects Tax for Foreign Countries Too?

March 27, 2019 | Collection, Enrolled Agent, IRS, Tax Due, Tax Forms...
Can’t I Just File for An Extension?

I didn’t get all my forms yet. Couldn’t get the “books” finished I’ll be out of the country . . . In many cases, if the 2018 Tax Return can’t be filed by April 15 or tax due date (for individuals), an extension is available. Filing form 4868 (individual returns) will extend the 2018 Tax … Can’t I Just File for An Extension?

March 20, 2019 | IRS, Legislation, Retirement Accounts IRA/401K, Tax Due, Tax Resources...
Need Tax Deduction? Check Out Traditional IRA

Do you owe taxes this year? Looking to reduce your tax bill? Check out a Traditional IRA. It’s one of the few deductions that can be taken AFTER the tax year ends. In practical terms, taxpayers can contribute to a Traditional IRA as late as April 15, 2019 for 2018 Tax Year. Contributions provide a … Need Tax Deduction? Check Out Traditional IRA

November 29, 2018 | Collection, IRS, Tax Due, Tax Resources...
Carefully Designate What is Being Paid . . .

If you owe back taxes and do not specify on your payment which tax and tax year you are paying, the IRS (and State and local agencies) can and often will allocate payment to their benefit. Case in point Melasky. Couple owed taxes for 2009 and earlier years. Couple hand delivered a check to the … Carefully Designate What is Being Paid . . .

Welcome

My Tax Blog

October 13, 2021 | Collection, IRS, Tax Due, Taxes... IRS Working with Private Debt Collection Agencies AGAIN!

October 7, 2020 | Collection, Form 1040, IRS, Tax Due, Tax Forms... How to Handle a Tax Notice (“Bill”)

July 30, 2020 | Collection, Form 1040, IRS, Tax Due, Tax Resources... Can’t Pay Taxes? Options . . .

July 22, 2020 | Collection, Form 1040, IRS, scams, Tax Due... SCAM ALERT—Some of the IRS’s Favorites:

September 25, 2019 | Collection, Form 1040, Gift, IRS, Tax Due... Prizes Are Taxable?

July 31, 2019 | Collection, Foreign taxation/Abroad, Form 1040, IRS, Tax Due... IRS Collects Tax for Foreign Countries Too?

March 27, 2019 | Collection, Enrolled Agent, IRS, Tax Due, Tax Forms... Can’t I Just File for An Extension?

March 20, 2019 | IRS, Legislation, Retirement Accounts IRA/401K, Tax Due, Tax Resources... Need Tax Deduction? Check Out Traditional IRA

November 29, 2018 | Collection, IRS, Tax Due, Tax Resources... Carefully Designate What is Being Paid . . .

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