Category: IRS Policy Updates

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Rocco Steco, the Acting Director for Collection Policy at the IRS, shared several updates in a recent interview with a tax attorney. Here are the key points for taxpayers: The streamlined agreement for balances up to $250,000, which can be

Navigating the IRS collection process can be a daunting journey for taxpayers. It begins with ensuring tax compliance, including filing returns for the past six years and making current tax payments. What follows is a sequence of notifications and legal

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7 Secrets The IRS Doesn’t Want You to Know

With years of record deficits, the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven little secrets the IRS hopes you never see.