The IRS is apparently so happy with the results of it’s offshore voluntary disclosure program that it has established a similar program in the area of worker classification. Michael Cohn of AccountingToday writes that the IRS has introduced a new voluntary compliance program Wednesday to convince employers to resolve their past issues with classifying employees [...]

It’s no secret that the IRS has greatly intensified the criminal prosecution of taxpayers who have filed false tax returns. The reason for this is evident: The federal government needs money but doesn’t want to raise taxes on law-abiding citizens in a weak ec0nomy. From day one, the Obama administration made it a priority to close the tax [...]

Many taxpayers wrongly believe that IRAs and other retirement accounts are protected from IRS seizure because the laws of their state exempt those assets from the reach of creditors. But since Federal law supersedes state law, the IRS is not bound by state exemptions as are other creditors. In short, the IRS can seize any property you own regardless of whether [...]

One of the questions taxpayers with delinquent tax debts ask us most frequently is “can the IRS take my house?” The bad news is that the IRS can indeed take your house. The good news is that it’s not easy for the government to take your house and, therefore, it does so only as a last resort. The IRS will [...]

During an IRS audit the burden is placed on the taxpayer to prove that he made a deductible tax expenditure. Many taxpayers have been audited and because they were unable to provide receipts and records proving their deductions had taxes, penalties and interest assessed against them. But what happens if after the audit is over and the IRS has made its [...]

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt. If you do not pay your taxes (or make arrangements to settle [...]