Resolving Trust Fund Penalty Assessments

Resolving Trust Fund Penalty Assessments In my last blog post, I explained what trust funds and trust fund recovery penalties are and why a business owner should consider these things before deferring payroll taxes under the President’s EO, or even worse, paying other...

Stopping the IRS Levy with IRS Form 12153

Stopping the IRS Levy with IRS Form 12153 Earlier this week, I posted a blog entry about how important it is to read your mail from the IRS because it can stop any impending levies. Also, ignoring the IRS notices can cause your tax rights to expire and get into more...

Covid-19 Updates on IRS Operations

Covid-19 Updates on IRS Operations For today’s post, I will summarize the status on IRS examination and collection operations as of August 2020. Back on March 25, 2020, the IRS launched “The People First Initiative” program which postponed Installment Agreements and...