You may have heard about the screaming deals that some taxpayers have been able to take advantage of to resolve their tax liabilities with the IRS during the COVID era. Like just about everyone, COVID knocked the IRS on its heels. This along with loosened collection procedures has created an environment where indebted taxpayers have …
2022 IRS COVID Tax Relief Programs: Is it Too Late? Read More »
Since March of 2020, the IRS and state tax collectors have shown an unprecedented level of leniency to tax debtors in response to the pandemic. However, the sleeping giant has awoken. If you or your business have unresolved tax liabilities, the time to act is now—before you fall victim to the aggressive enforcement that has …
COVID-19 Tax Reprieve is Over: Aggressive Collections Return Read More »
One year into the COVID-19 pandemic, and two of the most frequent questions I am asked is “will the IRS levy my bank accounts or wages during a national crisis?” or “why is it taking so long to process [x, y or z]?” As with many questions about how the IRS does things, the answer …
IRS Levy Enforcement Update – After 1 Year of COVID-19 Pandemic Read More »
Prior to the COVID-19 pandemic, there were already millions of individuals and businesses owing significant sums of money to the IRS or state taxing authorities. With the brutal economic fallout caused by the pandemic, that number has skyrocketed. This has changed the playing field—in terms of both risks and opportunities–for taxpayers who are in collections. …
It seems like yesterday when the IRS suspended bank levies, liens, and wage garnishments at the onset of the COVID-19 pandemic. Now, that honeymoon is over, and the IRS will be as money hungry as ever. On the other side of that coin, there may be no better time than now to take advantage of …
The IRS COVID-19 Honeymoon for Delinquent Taxpayers is Over: Why to Act Now if You Owe Read More »
The IRS and most state taxing authorities have radically altered the way they collect unpaid taxes during the COVID-19 pandemic. Simply put, this is by far the kindest and gentlest IRS that I’ve seen in my lifetime. However—and this is a BIG however—things are going to change soon. For reasons that I will explain, this …
Special Tax Relief Opportunities During Covid-19 Crisis Read More »
Many of us racing to get the last roll of toilet paper or bottle of hand-sanitizer (two items that have become a form of black-market currency) so we can weather the recent coronavirus pandemic are probably also wondering how we’re going to make the next mortgage payment, or rent payment. In California, New York, Florida, …
IRS Throws Employers a Lifeline During COVID-19 Crisis Read More »
With the brutal economic fallout of the COVID-19 pandemic, many people who owe taxes to the IRS or a state are wondering what to expect. It’s hard enough as it is for people to keep roofs over their heads and food on their tables. Should we also be worried that the IRS or state taxing …
