As a general rule, the IRS can audit your tax return and assess additional taxes for three years from the date your return was filed or due, whichever is later. (26 U.S. Code § 6501) This deadline is referred to as the statue of limitations which is the period of time during … [Read more...]
IRS Tax Collection & Tax Debt Resolution Articles
Articles about IRS tax collection and tax debt resolution by the Law Office of Jin Kim.
Articles about specific IRS tax resolution strategies can be found on the following category pages: offer in compromise, installment agreement, and non-collectible status.
What Are Jeopardy and Termination Assessments?
Jeopardy and termination assessments are extraordinary measures used by the IRS to swiftly collect taxes when they believe that the collection of owed taxes is in immediate jeopardy. These assessments are designed to protect the government's interest by taking prompt action when … [Read more...]
Suit to Reduce a Tax Assessment to Judgment
Not much is written on the internet apart from the dry text of the Internal Revenue Manual about suits to reduce tax assessments to judgment. This little-known (and rarely used?) tax collection avenue is available to the IRS to effectively extend the 10-year statute of … [Read more...]
Innocent Spouse Relief: When The IRS Notifies The Non-Requesting Spouse
Once the IRS receives a taxpayer's request for innocent spouse relief, either election under 26 CFR § 1.6015-2 or equitable relief under 26 CFR § 1.6015-4, the non-requesting spouse is not left alone in the dark. The IRS must notify the non-requesting spouse of the relief … [Read more...]
Tax Penalty Abatement Due to Erroneous IRS Advice
For tax matters, we rely on experts. At times that expert is a CPA, local tax attorney, or tax preparer. However, in other instances that expert can also be an IRS representative, and just like any human being, IRS representatives make mistakes. The good thing is that taxpayers … [Read more...]
