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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Avoiding IRS Seizure of Retirement Account After Bankruptcy

    There are dozens of issues that have to be recognized, discussed, and planned for… before a bankruptcy is filed.  For people with IRS debt and an IRS lien, the issue of avoiding IRS seizure of a retirement account after bankruptcy is a big one. First, some background: When you owe the IRS money, it will record…

  • IRS Collection Statute Expiration Date – Why do we talk about it so much?

    The very first thing I do when a person with a large tax debt balance hires me, is to calculate the IRS Collection Statute Expiration Date or CSED for short. I calculate the clock. Why do I care so much about this bit of information and write about it all the time?  I mean come…

  • Unfiled Tax Returns? Six things you need to know

    If you have unfiled tax returns and the IRS is looking for them as they always do, you should know a few things: 1.  The IRS has income and other information about you.  You can get the info from them. The IRS maintains a record of w-2 forms, 1099s, mortgage interest and other items that…

  • 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…

  • 5 reasons not to file a perfectly good IRS Offer in Compromise

    The IRS Offer in Compromise program, the one you hear about on radio and TV…really exists. It actually works too. Many taxpayers settle tax debts both large and small with the IRS every year. But…it isn’t for everyone. In fact, most Offers in Compromise filed with the IRS are rejected for a number of reasons. You can read more about that here.

    Just as important…many who qualify for an Offer in Compromise choose not to file one. Strange but it happens all the time. Here are the 5 most common reasons it does.