by Gary Slavett | May 23, 2012 | Tax Collection
May 21, 2012: The Internal Revenue Service announced that it has revised the terms to the Offer in Compromise program to allow more taxpayers to qualify. This announcement is another expansion of the IRS’ “Fresh Start” initiative by offering more... 
by David Holtz | Feb 10, 2012 | Tax Collection
On January 20, 2012, the Internal Revenue Service annouced a new policy making it easier for taxpayers to obtain monthly installment payment agreements for up to 6 years for balances less than $50,000. Under the general IRS policies, in order to obtain an installment... 
by David Holtz | Aug 31, 2010 | Innocent Spouse Relief, Internal Revenue Service, Tax Collection
IRS is offering to suspend the issuance of a determination letter denying untimely claims for innocent spouse relief. The United States Tax Court in Lantz v. Commissioner, 132 T.C. No. 8 (April 7, 2009) held that the two year statute of limitations deadline was not... 
by Igor Drabkin | Jul 8, 2009 | Internal Revenue Service, Tax Collection
In a recently issued Chief Counsel Advice (CCA 200927019), the IRS stated that it can issue a levy on a taxpayer’s health savings account (HSA). What is even more interesting, in such a case, the taxpayer will be liable for a 10% excise tax on an HSA...