Can You Settle Payroll Taxes With an Offer in Compromise?
Settling a Payroll Tax Debt Using an Offer in Compromise Payroll tax issues can be particularly problematic due to their complexity and the ease with which they can quickly rise to unmanageable levels. Even a simple mistake could lead to a massive tax debt in just a few months. Luckily, there’s a way to settle […]
IRS Letters 5664 and 5857: Late Payroll Taxes
Revenue Officer Wants to Talk With You About Late Payroll Tax Deposits If the IRS finds a problem with your payroll tax activity, you could receive one of these letters requesting that you talk with a revenue officer: Letter 5664, FTD Alert Field Contact Letter, or Letter 5857, FTD Alert Telephone Contact Letter. The IRS […]
IRS Announces Simplified Installment Agreements for 2025
In the first week of March 2025, the IRS made a very quiet announcement of a “new simplified installment agreement.” I am using quotes because they’re not new. It’s the old standard streamlined agreement the IRS Field Collection force (Revenue Officers) have always had, but with one change. Prior to today, a streamlined installment agreement with a […]
Department of Justice Involvement in Tax Cases
A Comprehensive Guide for Concerned Taxpayers The U.S. Department of Justice (DOJ) sometimes gets involved in tax cases. DOJ involvement usually indicates that you have a serious tax problem that could result in property seizure, massive monetary penalties, and/or criminal charges. The rest of this blog post goes into greater detail about what to expect […]
Owe Over $100K in Taxes? Here’s How to Resolve It Before It’s Too Late
Any amount of tax debt can be stressful and anxiety-inducing, but watching your tax debt hit six figures is particularly frightening. The IRS ramps up its collection efforts and speeds up the collection timeline when your debt reaches this level, and due to penalties and compounding interest, your debt will literally increase daily. No matter […]