Posts by pwsadmin
What is tax representation and do I need tax representation?
Tax representation is the business of representing a taxpayer or taxpayers before the IRS for unpaid taxes or unassessed taxes, penalties and interest for a personal, business or payroll tax return(s). Over the last ten or fifteen years the tax representation business has flourished. Unfortunately not all companies provide quality service. Over the last couple…
Read MoreWhat is reasonable cause for penalty abatement?
Reasonable cause is a summation of all facts and circumstances related to your particular situation. If you use ordinary business care and prudence and are still unable to meet your federal tax obligations you may have reasonable cause. Some of the reasons IRS will consider as reasonable cause for late filing of a return, late…
Read MoreWhat is an offer in compromise?
An offer in compromise is an agreement with the IRS to settle your tax debt for less than the full amount you owe. You may qualify if you can’t pay your full tax liability or doing so creates a financial hardship. The IRS considers several factors to determine if an offer is acceptable including your…
Read MoreI have a certified letter from the IRS, should I go pick it up?
YES, YES, YES!!! I have clients ask me this question all the time. My answer is always the same. The IRS sends various types of letters out every day. Some letters request information, some are for a balance due and sometimes the IRS may just be letting you know they need more time to process…
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