How Well Do You Know Your Numbers?

In the fall of 2014, I was visiting our daughter, Hannah, who was living in  Alexandria, VA at the time. I was enjoying a Saturday morning run in a beautifully landscaped recreational area when I came across the following sign: “Four Mile Run Trail: Mile 5”. “Hmm. Who came up with that one?” I thought to […]

Virginia Beach Realtors Refer Clients with Tax Problems to ATR

I regularly talk with Virginia Beach Realtors who are seeking help for their clients with tax problems. They need help for homeowners who can’t close the sale of their home due to IRS problems, such as a federal tax lien on their property resulting from unpaid taxes or unfiled returns. Hampton Roads Realtors need ethical […]

Can Bankruptcy Wipe Out IRS Tax Debt?

If you’ve fallen behind with the IRS, declaring bankruptcy may or may not wipe out your IRS tax debt. First, the good news. The moment you file bankruptcy, an automatic stay is created to stop most creditors–including the IRS–from continuing any collection activities against you. This means that the IRS can’t levy your bank account, […]

You “get what you pay for” when you call the IRS

If you’ve ever tried to contact the IRS, only to sit on hold for a half-hour or longer before connecting with a live voice, the most recent news from the head of the IRS won’t make you feel any better. Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to […]

1 in 6 Virginia Residents Has a Tax Problem

One in six Virginia residents has a tax problem of one sort or another. Of these, half owe more than $10,000 in taxes. It’s easy for good, hard-working Americans to fall behind. That’s why we’re here. An IRS or Virginia problem has a way of affecting every aspect of your life; your finances, your credit […]

5 ‘kick-ass’ strategies to get IRS tax relief now

The “7 Ps” is an old British army adage for “Proper Planning and Preparation Prevents Piss Poor Performance”. When it comes to owing the IRS, “poor performance” can mean $10,000 + in unpaid taxes, frozen bank accounts, sleepless nights, damaged relationships. The good news? Just because you’ve planned poorly in dealing with the IRS in the past […]

“Currently Not Collectible” Status with the IRS

” Currently Not Collectible” is a program where the IRS voluntarily agrees not to collect on the tax debt for a year or so. The IRS can declare a taxpayer “currently not collectible,” after the IRS receives evidence that a taxpayer has no ability to pay. Such evidence is usually obtained from the taxpayer on […]

Can an Offer In Compromise Work for You?

The Offer In Compromise (or “OIC”) is an IRS program which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed. If accepted, you are able to pay your full tax bill in one small, final payment. If you’ve ever seen a TV ad where a national tax […]

How Long Can I Go Without Filing a Tax Return?

Federal law sets out time limits, or statutes of limitations, for the IRS can pursue taxpayers who fail to file their tax return. The government can only bring criminal charges against a nonfiler within 6 years of the date the tax return was due. For example, after April 15, 2014, you can’t be prosecuted for […]

Final Notice of Intent to Levy

You’ve received a Final Notice of Intent to Levy. You owe the IRS and Virginia, you’ve ignored their requests for payment, and now it’s getting serious. What does it mean? Where do you turn? A tax levy is not the same as a tax lien. Both are four letter words. Both start with “L”. But […]

How do you fix an IRS Virginia Tax Lien?

For some, a recorded tax lien is just one more black mark on their credit report—which was likely already a mess anyway. It’s not a levy notice. That said, how do you fix an IRS Virginia tax lien? You have three options: Appeal the lien filing by contacting the IRS Appeals Office. It’s not likely […]

What To Expect When Hiring a Professional for Tax Relief Help

Taxpayers looking for tax relief help aren’t sure what to expect when hiring a professional to fix their back tax issues. Their two main questions are: (1.) Can you settle my tax problem for less than I owe? (2.) How long will the process take? Upon retaining our firm to resolve your tax matter, some relief will be […]