IRS Tax Penalties

IRS Penalty Abatement – Don’t Pay the IRS Penalties!

January 21, 2008 | Mike Habib, EA

alties, options to address your IRS tax penalty and more…

The IRS has over 148 different types of penalties. And boy do they love to hand them out. The worst part is that the IRS also charges interest and additional penalties on the original penalty.

So you must try to get them reduced or completely abated to zero. CLICK HERE FOR HELP

After you have decided to make a request to the IRS to “Abate Your Penalties” you must consider where and when to make the request. In my experience your chances are better in dealing with IRS Service Centers. The timing of your request depends on the type of penalty assessed against you. It always makes sense to request penalty abatement before you pay the IRS.

IRS tax audit, IRS tax examination, IRS audit reconsideration, IRS appeal

January 18, 2008 | Mike Habib, EA

IRS tax audit, IRS tax examination, IRS audit reconsideration, IRS appeal

Are you asking yourself … If I have tax problems who should I contact?

Fiscal Year 2007 Enforcement and Service Results
As reported in a statement issued by IRS, it has continued to make strong progress in a number of key enforcement areas. IRS enforcement efforts increased in fiscal year 2007: overall, enforcement revenue reached $59.2 billion, up from $48.7 billion in 2006.

List of expiring tax provisions

January 8, 2008 | Mike Habib, EA

I thought you might find this list of tax provisions expiring 12/31/07 helpful as you do year-end tax planning.

TAX PROVISIONS EXPIRING 12/31/07

* Deduction of up to $2,000 or $4,000 (depending on income) for college tuition.

Here’s a Resolution for ’08: No More Tax Problems

September 26, 2007 | Mike Habib, EA

Facing an ever more aggressive Internal Revenue Service, Americans with tax debts should start 2008 with a fresh start and finally get rid of their looming tax problem(s).

Are you asking yourself … If i have tax problems who should I contact?

In case you hadn’t noticed, the taxman is after you.