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Michael D Sullivan
IRS Trust Fund Recovery Penalty - Who Can Be Held Responsible?
Finance: Taxes Relief • Published: September 22, 2011
As a former IRS Revenue Officer, I came across a large number of Trust Fund Recovery Penalty cases. The Trust Fund Penalty can and will have a damaging effect on taxpayers who are found to be responsible to pay these taxes.
IRS Financial Statments Seen Through the Eyes IRS Agents
Finance: Taxes Relief • Published: September 12, 2011
As a former IRS Agent and Instructor at the Regional Training Facility, please be aware that IRS Agents are trained to find errors and misstated facts on the financial statements turned over to IRS to settle collection cases. These financial statements are Forms 433A -which is used primarily by Revenue Officers out in the field, and Form 433F is used exclusively by the ASC Unit at the different IRS call centers.
Offer In Compromise - How IRS Looks at the Offer - Former IRS Settlement Agent
Finance: Taxes Relief • Published: September 9, 2011
The IRS Offer-In-Compromise is a much talked about program and advertise as "Pennies on the Dollar. Approximately 52,000 "Offer-in-Compromise" are filed each year and that number will be rising at a record pace. OICs are worked only by an IRS Tax Specialist whose expertise is OIC. All the tax specialists are trained to scrutinize the OICs. The program has an acceptance rate of about 22%. Here is the key to having your OIC accepted.
Owe IRS Back Taxes? How IRS Agents Look for Deception - Former IRS Agent, Instructor and Insider
Finance: Taxes Relief • Published: September 9, 2011
Having worked for the Internal Revenue Service for 10 years as an Instructor, there are a few acid tests Revenue Officers/Agents will use when working a taxpayers' case in their inventory. I also want to mention that when I was an instructor at the IRS, this was the first bit of instruction I would give to Revenue Officers coming on board. "Assume the taxpayers are lying."
Bank Levies and Wage Garnishments - Get Immediate Tax Relief - Tax Tips From an IRS Insider
Finance: Taxes Relief • Published: September 8, 2011
As a former IRS Agent and Revenue Officer, I am still an IRS insider and still have solid insider sources. When a taxpayer is faced with the filing of an IRS Tax Levy, immediate panic sets in and generally the taxpayer hasten to take care of the problem as quickly as possible. You can get immediate tax relief from Bank Levies or wage garnishment. You have to choose the right professional tax firm.
Release IRS Tax Levies - Bank Levy, Wage Garnishment - Get Immediate Releases
Finance: Taxes Relief • Published: August 23, 2011
Being a former IRS Revenue Officer I know how to get levies released quickly. The following is the information you need to know about the process. You should always work with a tax professional to get the best possible deal with the IRS. Experience pays off.
Offer In Compromise - Tips From A Former IRS Agent-OIC Instructor
Finance: Taxes Relief • Published: May 17, 2011
While there are many tips written about Offers in Compromise, few are from a former IRS Agent that taught Offers in Compromise at the IRS. Most of the tips I read are fairly accurate. The points I will bring to the table are told in light of how the IRS Agent, reviewer of Offers in Compromise, looks at a case.
IRS Tax Levy - This Is How The IRS Gets Their Levy Information On You
Finance: Taxes Relief • Published: April 6, 2011
As a former IRS Agent and Instructor, I am asked all the time how and where does the IRS get their tax levy information? The answer is very simple and may surprise you. It comes from you. Yes, you usually give them your own tax levy information. The IRS does little to have to find it.
10 Golden Tips If You Owe IRS Taxes
Finance: Taxes Relief • Published: March 29, 2011
I am a former IRS Agent of 10 years and have practiced IRS Tax Law for over 28 years. Here are some good tax tips if you cannot pay your IRS tax debt.
Important - IRS Certified Mail/Letter - Final Notice - Expert IRS Tax
Finance: Taxes Relief • Published: March 22, 2011
If you receive certified mail from the Internal Revenue Service, do not be afraid to sign for or pick up the mail. It will be very helpful to bringing your case to a successful conclusion. Pick up and open this mail.
Golden Tips About IRS Tax Audits - IRS Insider Reports
Finance: Taxes Income • Published: March 22, 2011
Very few changes have occurred in the Tax Audit and the IRS Collection sides of things in the past 10 years. It has been very clear though, that the IRS Tax Audits are well on the rise, probably due to the economy and an order for the IRS to collect more money to pay for the huge deficit.
New IRS Task Force Set Up To Monitor the Iraqi Dinar
Finance: Taxes • Published: March 21, 2011
The IRS does not want this to become the next UBS. They will be watching all International Investments much closer in the near future as new IRS task forces have been set up to both monitor and enforce the U.S. Tax Laws regarding these International Transactions.
What To Do When You Receive an IRS Tax Levy
Finance: Taxes Relief • Published: March 17, 2011
So you got an IRS tax levy? You are not alone. Last year the IRS sent out 1.8 million bank and wage garnishment tax levies to taxpayers.
Notice of IRS Intent to Levy - Stop Them Immediately - Golden Tips
Finance: Taxes Relief • Published: March 15, 2011
You must take immediate action because just after a 30 day period of time, the IRS will start their enforcement proceeding on you. They will send out a Levy to your employer, also known as a wage garnishment or 668W and also send a notice of levy on your bank account, 668A.
Immediate Releases of IRS Wage Levy/IRS Bank Garnishments - Golden Tips
Finance: Taxes Relief • Published: March 15, 2011
The IRS serves about 3.8 million tax levies a year. They get the levy information from your tax return or from third party sources that have reported tax information on you, such as your employer via W-2 or a bank that you have used. The bank reports the information on a 1099 interest form and sends it to the IRS.
Major Changes Made at IRS - Federal Tax Liens
Finance: Taxes Relief • Published: February 28, 2011
The IRS has finally done it. I never thought it would happen.
Beware of Some Tax Resolution Companies - Do Not Be Ripped Off
Finance: Taxes Relief • Published: February 18, 2011
The IRS has come out with several tax bulletins regarding fraudulent tax resolution companies within the past years warning the taxpayers to stay away from scam artists and companies making false claims. The numbers are going through the roof.
Settle IRS Debt - Hire A Professional Tax Firm
Finance: Taxes Relief • Published: February 18, 2011
If you are wanting to Settle with the IRS on your tax Debt, make sure you understand the program before you give your money to some tax mill. Many companies advertise "Settle IRS Debt" to the peril of many taxpayers.
Stopping an IRS Levy on Your Wages or Bank Account
Finance: Taxes Relief • Published: February 18, 2011
Do not let the IRS levy your bank account or wages, you can stop them today! The IRS levies when the taxpayer fails to respond to IRS Notices and Letters.
File Back Income Tax Returns - Lost Records, No Problem
Finance: Taxes Relief • Published: February 18, 2011
If you need to file back income tax returns but you have lost your tax records, a good tax firm should easily be able to assist you in this process. As a former IRS Agent, while with the IRS, we are flooded with this request from scared taxpayers just wanting to do the right thing, but not sure on just how to do it.
IRS Tax Audit Tips
Finance: Taxes Relief • Published: February 18, 2011
Being former IRS Agents and Managers we can give you tax tips to help prepare you for an IRS Audit. Know from the being, never represent yourself unless you know for sure your tax records are squeaky clean.
How to Get Your IRS Tax Levy Released - Fast, Fast, Fast
Finance: Taxes Relief • Published: February 18, 2011
The IRS Federal Tax Levy is the ultimate collection tool that the IRS uses to grab the attention of the taxpayer who has not filed or paid their taxes. These levies are sent out, and with one mail delivery, a person's life will change.
Fastest Way To Get An IRS Wage/Bank Levy Released
Finance: Taxes Relief • Published: February 10, 2011
The IRS sends out about 3.8 million tax levies a year to banks and to employers. That is a staggering amount. Levies are sent as a last resort because taxpayers did not answer earlier correspondence. The IRS is really not looking to levy, they are really interested in getting your case closed and off of their receivable system. They want full compliance from every taxpayer.
Christian Tax Relief - Levy, Lien, Settlements
Finance: Taxes Relief • Published: February 8, 2011
Anyone can have IRS Problems. Due to the turn in the economy many Christians have found themselves caught up in situations they never thought they would ever be in.
How to Deal With the IRS Over the Telephone - Insider Tips
Finance: Taxes Relief • Published: February 1, 2011
I worked for the IRS for 10 years and have spent the last 28 years representing taxpayers before them. Here are some great tips that can make your time with the IRS more pleasant.
