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  • Here Are The Offenses For Which The IRS Can Put You In Jail
    Here Are The Offenses For Which The IRS Can Put You In Jail

    When an Oklahoma taxpayer receives a notice from the IRS that he owes $10,000 or $20,000 in back taxes, he may be tempted to crumple up the letter and say, “What are they going to do, put me in jail?” ...

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  • If Your Tax Check Bounces, The IRS Will Assess You A Penalty
    If Your Tax Check Bounces, The IRS Will Assess You A Penalty

    People bounce checks all the time, for various reasons: the payment you deposited into your account didn't clear on time; your spouse wrote a check at the same time you did, drawing on the same pool ...

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  • Seven Tips For Drafting A Letter To The IRS Requesting Penalty Abatement
    Seven Tips For Drafting A Letter To The IRS Requesting Penalty Abatement

    As citizens of the United States, we all know that our taxes are due each year. Most of us make our best effort to file our taxes on time and pay the taxes that we owe. Unfortunately, life sometimes ...

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  • The IRS Won't Accept Your
    The IRS Won't Accept Your "Doubt As To Collectibility" Claim At Face Value

    If you have been slapped with a huge back tax bill by the IRS, one solution is to file an Offer in Compromise, in which you promise to pay off a reduced tax bill within a fixed amount of time. A ...

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  • Four Consequences Of Paying Unreasonable Compensation For Services To An S-Corporation
    Four Consequences Of Paying Unreasonable Compensation For Services To An S-Corporation

    For the past ten years, you have owned and operated a consulting business in downtown Norman. Your business is an S-corporation, and you are both a shareholder and an employee of the business. ...

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  • Which IRS Letters Are Just Scare Tactics And Which Letters Are Serious? Find Out The Answer To This Very Important Question HERE!
    Which IRS Letters Are Just Scare Tactics And Which Letters Are Serious? Find Out The Answer To This Very Important Question HERE!

    If you have a tax problem, I bet you have been bombarded with "love letters" from the IRS... some letters reminding you to pay your unpaid taxes, some reminding you to file, some wanting information, ...

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