IRS Debt Blog

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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Why did the IRS terminate my installment plan?

    Just because you are in an IRS Installment Plan with the IRS doesn’t mean that your work is done.  One of the common questions I get is “why did the IRS terminate my installment plan?”. The following are the most common reasons why this happens. Your Income Changed When you file a tax return the…

  • No the IRS Fresh Start Program Doesn’t Include Penalty Abatement – Sorry

    Almost every person who contacts me asks about getting rid of IRS penalties.  There are two reasons I think this happens: 1.  Many Americans believe in paying debt and see tax as a debt.  But they regard penalties as just unwarranted punishment. 2.  Many people have been falsely led to believe the IRS’s Fresh Start Program…

  • What is the IRS Fresh Start Program?

    The IRS Fresh Start program was created a few years ago.  It’s claim at the time was that “struggling” taxpayers needed some help so it changed some of the ways it did business with taxpayers.  The changes were done in three areas.  IRS Liens, IRS Installment Agreements and IRS Offers in Compromise. It is debatable whether…

  • Large IRS Payment Plan vs Chapter 13 Bankruptcy – Which is Better?

    Large IRS Payment Plan vs Chapter 13 Bankruptcy – Which is Better? Combine a large IRS debt, a lengthy IRS statute of limitations period (CSED), and a “good” income, and you may have a recipe for a large monthly IRS payment plan.  Many people are living this “recipe” and as a result are paying thousands…

  • Negotiating a streamlined payment plan with the IRS on your own

              Most payment plans arranged with the IRS are “streamlined” plans.   An IRS streamlined payment plan is one that allows the taxpayer up to 72 months to pay the debt if the original debt assessed is less than $50,000.00, all returns have been filed, and the taxpayer agrees to allow the…

  • 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…

  • I am in IRS Not Collectible Status, will it resolve my tax debt?

    No, IRS Not Collectible Status (NCS) does not resolve the liability – by itself. Some explanation: IRS Currently Not Collectible Status There are several ways to deal with IRS debt.  The most common are the Offer in Compromise, Bankruptcy, Payment Plans of various types, and Placement in Non-Collectible Status. IRS NCS is a “designation” the…

  • Can my small Business negotiate a “Streamlined Agreement” with the IRS?

    An IRS “Streamlined Agreement” is really just a negotiated payment plan that allows a person or business to pay the debt back in full with interest over a certain period of time. The reason this payment plan is considered a “Streamlined” plan is because if the business or person meets certain criteria, no financial statement…

  • Does an IRS installment plan extend the 10 year collection statute?

    An IRS Installment Plan doesn’t extend the IRS Statute of Limitations period for the collection of debt. The IRS has 10 years to collect a tax debt.  The 10 year period begins on the date the tax balance is “assessed”. The tax is usually assessed when the IRS processes the tax return. If your 2004…

  • If the IRS is willing to set up a payment plan with me, why should I consult with an Arizona Tax Attorney?

    The IRS’ purpose outside of playing favorites, is to collect money.  The IRS is really good at this and would be even better if there weren’t some doggone rules that restrain it. Whenever you speak to an IRS Revenue Officer or someone from IRS Collections, I assure you that the focus is the collection of…