by Tom Regan | Oct 6, 2022 | Collections
The Internal Revenue Service (IRS) and the Minnesota Department of Revenue (MDR) have the authority to settle tax liabilities by accepting less than full payment. The IRS can compromise for a variety of reasons. 1. A Doubt as to Collectability (DATC) offer (IRM...
by Tom Regan | Sep 10, 2022 | CAP
You have many options to challenge the IRS’s efforts to collect tax, penalties, and interest. Two common procedures are the Collection Due Process (CDP) hearing and the Collections Appeal Program (CAP) hearing, depending on the circumstances. The CDP program...
by Tom Regan | Sep 10, 2022 | Audit
When it is too late to file a corrected tax return and you think the IRS or MDR assessment is wrong, you may still be able to challenge the assessment without going to court. For the IRS, the procedure is known as an Audit Reconsideration Request (AR). The IRS has the...
by Tom Regan | Sep 10, 2022 | Collections
The IRS can accept payments for unpaid taxes, penalties, and interest through an installment agreement for the full amount or, if your financial situation shows you cannot pay the full amount, it can accept monthly payments for the time left on the statute of...
by Tom Regan | Mar 28, 2020 | Collections
The IRS is making efforts to take some pressure off taxpayers during the COVID 19 pandemic. By now, most taxpayers are aware that the filing of their 2019 Form 1040, and the payment of the tax relating to that Form, are not due until July 15, 2020. This was a good...
