Tax Relief Blog
Pay the tax before or after requesting penalty relief?
Feb 27, 2018 by
We get this question a lot from clients and those that are simply seeking information. Sometimes its less of a question and more of a statement, something like –
“I’m not paying it until they take away the penalties!”
That’s fine, but you may not get too far that way.
The basic answer to the question is… pay it, then ask for relief. If you can’t pay it all at once, set up a monthly Installment Agreement, then ask for relief.
Tax Compliance Top Priority
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Your IRS Back-Taxes Could Affect Your Passport
Feb 13, 2018 by
Last month, January 2018, the IRS started reporting taxpayers with “Seriously Delinquent Tax Debt” to the State Department. In this case, seriously delinquent means $50,000+ adjusted yearly for inflation. So, if you fit the criteria below, your passport could be denied, revoked or limited.
- Owe $50,000+
- Notice of Federal Tax Lien has been filed, or
- A levy has been issued
- Installment Agreement
- Offer in Compromise
- Currently Not Collectible status