IRS Debt Blog

480-507-5985Free Phone Consultation With Attorney

By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Tax Debt as a result of IRS Audit? Do I have options?

    The result of an IRS audit is often a balance due.  We are often asked several questions at the end of an Audit as a result.  Questions like: Will the IRS accept an amount less than what I owe and forgive the balance? Will the IRS agree to a payment plan? Will the IRS place…

  • IRS Audit? How long does the IRS have to complete an audit once started?

    The IRS cannot assess additional debt based on a tax return if three years have passed from the Tax Return’s original filing date.  See 26 USC Section 6501 – Limitations on assessment and collection “Except as otherwise provided in this section, the amount of any tax imposed by this title shall be assessed within 3…

  • IRS AUDIT? LOST RECORDS AND RECEIPTS? Don’t Lose Hope. The Cohan Rule May Be Your Hero

    If you are self employed, you probably don’t like the process of maintaining receipts and other proof that you actually paid the business expenses. Bookwork is no fun. Many people who are self employed find it so boring to keep records that they haven’t done it for years. The problem with this “rears” it’s head…

  • When the IRS audits, adjusts or files a substitute tax return, pay close attention to deadlines

    IRS Audit?  Pay close attention to deadlines, they mean something A great number of Americans owe the IRS at any given time.  Some estimates are as many as 10-15% of all taxpayers owe…right now.   The most common reason I see a consumer owing tax, is the most obvious one; the taxpayer just didn’t withhold…

  • IRS Audit – How long do I have to worry about it?

    As a general rule, your tax return can’t be audited after three years from it’s original filing date. If you filed before the due date of April 15, the 3 years starts to run from April 15 of the year it was due. There are some exceptions of course: 1. If you understate your income…

  • IRS “Audit” awaits those who don’t file tax returns

    IRS Audit and Tax Returns If you haven’t filed a tax return in a while, don’t be surprised if you are “audited”. The IRS tracks you, and if returns are missing it will eventually request them. If the requested return(s) isn’t filed, the IRS has the authority to file/audit the tax return all in your…