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IRS

October 14, 2015

Does the IRS allow other expenses as necessary expenses?

The IRS will allow “other expenses” if they meet the necessary expense test which is whether the expense is necessary in the production of income or […]
October 14, 2015

What to do if there is an IRS discrepancy in amounts owed?

Why is there ordinarily a discrepancy between what the taxpayer calculates they are able to pay as opposed to what the IRS determines they can pay? […]
August 21, 2015

What additional information does the IRS need from me?

In order to address the bank levy, you need to know the following: What date did the bank receive the Notice of Levy? The taxpayer has […]
August 21, 2015

What do I do if the IRS issues a bank levy?

What do I do if the IRS issues a bank levy? What is a tax levy? A tax levy is a legal seizure of taxpayer’s property […]
August 21, 2015

What is the effect of a federal tax lien?

Once the IRS files a Notice of Federal Tax Lien (NFTL), the taxpayer’s mailing address, tax periods with balances due, and the amounts owed to the […]
August 21, 2015

What is a federal tax lien?

What is a tax lien? A tax lien is a legal claim against your current and future property as security for an outstanding tax liability. A […]