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When you owe money to the IRS, you may find yourself contacted at home or at your business by an IRS Revenue Officer. This can be a frightening experience for any taxpayer. A visit from a Revenue Officer typically occurs in connection with what is known as a field audit. During this process, the ...

IRS Revenue Officers often fill out a 9297 Form - Summary of Taxpayer Contact - memorializing documents, returns and financial information the officer needs from a taxpayer. They give you certain drop dead dates to provide the requested information. Towards the bottom of the form, the officer out...

Facing a tax debt is never a pleasant scenario. The IRS can become an intimidating presence in your life when it determines that you owe money in unpaid taxes. Fortunately for taxpayers, there are often alternative solutions that are available to help relieve the burden. One such example is to re...

If you are facing an IRS tax problem, you may find yourself being contacted by an Internal Revenue Officer. For many taxpayers, this is a stressful experience. Understanding the role of this individual may help you to prepare. Fortunately, you also do not need to navigate the process alone—an exp...

As U.S. taxpayers, we are required to pay a certain amount to the IRS during the course of the tax year. Failing to do so can lead to significant underpayment penalties. While these penalties can hit anyone at any time, there are certain situations where underpayment penalties are especially comm...

Owing money to the IRS is never a desirable position to find yourself in. Unfortunately, unpaid tax debts can also lead to an unexpected (and unwanted) visit from an IRS revenue officer. The officer may make an appearance at either your home or business, typically without warning. How you respond...

It can be frightening to receive an IRS CP 14 notice. You do not want to be in trouble with the IRS; however, you may not have the money to pay your tax debt, or you may not believe that you owe the government outstanding taxes. Yet, in either case, you want the whole thing to be done with as soo...

If you were selected for an audit by the Internal Revenue Service, you may wish to request a change in the time or place of the audit. There are typically two types of audits. If the audit is a field audit, the auditor will initially want to conduct it at your place of business. If the audit is a...

Let's start with what you shouldn't do. You shouldn't panic and you shouldn't do nothing. We understand that you have bills to pay, that you need to feed your family, and that your money is currently being held. We know that this is terrifying. However, now is not the time to lose control. Inste...

When you owe money to the Internal Revenue Service (IRS), you are likely looking for any possible solution to resolve the situation and move on with your life. Owing tax debt to the IRS can be an overwhelming experience. Fortunately, in some cases, taxpayers may request an abatement of their debt...

While there are countless types of taxes that individuals and businesses must be aware of, some types are subjected to greater scrutiny than others when dealing with the IRS. This is true for employment taxes that are to be held by an employer when paying employees their wages. These taxes are th...

What is the Unfiled Tax Returns Statute of Limitations? If you haven't filed your federal taxes in years, you may be under the mistaken assumption that you're protected by a statute of limitations—that is, if the IRS doesn't notice your transgression within a certain period of time, then they're...

Senator Chuck Schumer, D-N.Y. and Senator Bob Casey, D-Pa. have proposed a 30% exit tax for any United States Citizen who denounces citizenship likely to avoid taxes.  The proposal is aimed at Facebook co-founder, Eduardo Saverin.  He's one of the pretentious nerds not played by Timberlake in the...

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?” Well, yes, although you'll probably have to qualify as a habitual offender, and owe a bit more ...

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 of cash; you simply lost track of how much money you had in your checking account and made an hone...

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 gets in the way. Perhaps you paid your taxes late because your house in Oklahoma City burned down ...

The day the IRS caught up with Redd Foxx· Those of us who are old enough to remember will never forget this scene· November 28, 1989, the TV news broadcasts footage of Redd Foxx, the 67-year old comedian/actor, most famous for his portrayal of the character "Fred Sanford" in the TV sitcom "Sanfor...

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 popular clause invoked in an Offer in Compromise claim is “doubt as to collectibility.” This means yo...

When taxpayers owe money to the IRS, they may be able to negotiate a compromise to settle the tax debt for less than the full amount owed. To do so, the taxpayer must submit an offer in compromise. The purpose behind this option is to give taxpayers a way to pay off their debt and establish a fre...

Owing tax debt or an unfiled tax return to the IRS is often a stressful experience. Unfortunately, taxpayers may find that their first contact from the IRS regarding the unfulfilled obligation is frustrating as well. Many taxpayers will be contacted by the Automated Collection System (ACS). Taxpa...

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. Attempting to get around employment taxes by characterizing payments to yourself as shareholder distribu...

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, and some wanting you to call them. Yikes. Perhaps some letters are even more sinister: demanding ...

It is possible that the Oklahoma Tax Commission (OTC) could force your Oklahoma business to close if you have failed to pay the required sales taxes. More specifically, the OTC has the legal authority to take away your Oklahoma sales tax permit, which could cause you to lose your business. Accor...

One common technique desperate taxpayers use to wriggle out of trouble with the IRS is to dispose of their major assets and then plead poverty. Usually, the largest asset any person possesses is his home.  There are some extremely clever, and completely unethical, tax “experts” who will advise y...

By law, employers in the state of Oklahoma are required to withhold federal, state, and local taxes from their employees' paychecks, and to regularly forward this money to the IRS. If a company fails to pay its payroll taxes for any given year, that's bad enough; but if it continues to flout the ...