Did you know that there is a Taxpayer Bill of Rights that is designed to protect you from being taken advantage of by the Internal Revenue Service? After receiving a detailed proposal from National Taxpayer Advocate Nina Olson, the IRS adopted an official Taxpayer Bill of Rights. It was a long time in coming. Moreover, [...]
May 21, 2020 California State Senators Scott Wiener and Lena Gonzalez have proposed a law that would allow some tenants in California to terminate their leases. In order to qualify, a tenant’s landlord must have refused to lower the amount of rent to be paid. This proposed law is known as Senate Bill 939 (SB939). [...]
by Matthew Cohen Many of you applied for or plan on applying for Paycheck Protection Loan under the CARES Act. Assuming you have received or will receive funds stemming from this loan, you can breathe easy…for about 30 seconds. This is because now you have to figure out what to do to not have to [...]
Make Sure Your Client's Payroll is Squared Away for 2018 The ins-and-outs of employees vs outside contractors Employee vs Independent Contractor – Overview If your clients run a business and get support from workers, they have probably asked you the question "should I pay these people as employees or as outside contractors?" To save money [...]
IRS Extends Relaxation of Installment Agreement Rules through Sept 2018 October 10, 2017 The IRS has both extended and expanded its trial streamlined installment agreement program through September of 2018. According to the IRS, they are “testing whether the expansion of streamlined processing criteria to taxpayer installment agreement requests will improve customer service, reduce taxpayer [...]
If you submitted an appeal of an Offer In Compromise and it gets rejected, where do you go from there? Assuming your client’s offer in compromise was rejected by the IRS Offer Specialist assigned to their case, you have a few options. You can appeal to the Specialist’s direct supervisor, the Group Manager. If you are [...]
Does submitting a request for an installment agreement legally ‘fix’ the taxpayer’s liability owed or can the liability later be argued? The tax liability can be “argued” or more appropriately collected upon as long as the statute of limitations on collection (10 years for the IRS) is still open. If the amount of the installment [...]
