Many people view interactions with the Internal Revenue Service negatively and as something to dread. There are various reasons for this. One is that such interactions sometimes happen in very stressful and high-stakes situations, such as situations in which a taxpayer is accused of having done something wrong on their taxes or told they owe more in the way of taxes than they thought they did. Another is that there is a certain degree of intimidation a person can feel when dealing with a major federal agency that can take enforcement actions that could have major impacts on a person’s life.
Those who like to try their luck at slot machines, as well as the gaming industry as a whole, received something of an early gift during the holiday season courtesy of the Internal Revenue Service.
The main way people pay their taxes over the course of the year is through having a portion of their wages withheld. However, this is not the only method for during-the-year tax payments. Another major type are estimated taxes.
The IRS's Fast Track Settlement program has been highly successful at resolving tax disputes that arise as the result of an audit. In that program, a mediator from the IRS's appeals division facilitates the resolution of the dispute in a process where all stakeholders are represented. The mediator has the authority of the appeals division, so any resolution can be put into place right away. This reduces the time the taxpayer spends wrangling with the IRS.
Interactions with the Internal Revenue Service can be much more high-stakes than your typical interaction. What a person does and how they act when it comes to such interactions can have considerable implications on them and their wallet.
When a taxpayer disagrees with a decision the Internal Revenue Service made in a tax matter involving them, one avenue they might have available is to pursue an appeal. IRS appeals can be very complex matters. One reason for this is the plethora of rules and practices the IRS has regarding the handling of such cases. Among these are practices regarding who within the IRS has the authority to make certain decisions, like settlement decisions, in matters related to appeals.
Paying off a tax debt through an installment agreement with the Internal Revenue Service involves a variety of things. One is paying a user fee to the IRS.
There are many different frustrating things a person could experience in relation to their taxes. One is a refund taking longer than they expected to arrive. It appears this source of frustration might be a particularly common one this upcoming tax filing season. The Internal Revenue Service has already warned that some taxpayers may experience delays in getting refunds for taxes filed over the tax filing period connected to next April’s deadline.
When a person has an unpaid tax debt, there are many things that could be taken from them by the Internal Revenue Service. This includes their wages, as the IRS can levy wages in relation to tax delinquency. Today, we will go over some important things to know about IRS wage levies.
Over the next couple of weeks, many individuals here in Missouri will be tuning into the Summer Olympics (which kick off tomorrow) and rooting for our nation’s athletes to medal. Winning an Olympic medal is one of the highest honors in sports. Given current IRS rules though, this honor can lead to an American athlete facing a hefty tax bill from the Internal Revenue Service.