Tag: Tax Relief

IRS Foreclose on Inheritance that is Jointly Owned?

What happens when someone inherits money from their parents, but they also owe the IRS? Can the IRS collect on the inherited assets? What if the taxpayer only inherited a fractional interest in the property? Can the IRS foreclose on the property to pay the back taxes? The court considered this in United States v.… Continue reading IRS Foreclose on Inheritance that is Jointly Owned?

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September 26, 2019
Taxpayer Not Entitled to In-Person Tax Collection Hearing

Dealing with unpaid taxes and the IRS bureaucracy can be challenging. Sometimes the key is to get in front of the right person at the IRS. But the IRS often refuses in-person meetings. The Roberts v. Commissioner, T.C. Memo. 2019-117, case provides an example of this. It involves the taxpayers request for an in-person collection… Continue reading Taxpayer Not Entitled to In-Person Tax Collection Hearing

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September 14, 2019
Setting Off a Non-Tax Debt Owed by the IRS

If you owe back taxes but the Federal government owes you for some other matter, can the IRS offset the unpaid taxes with the amount the government owes you? The answer is more complex than one would think. The court addresses this in Tartt v. Commissioner, T.C. Memo. 2019-112. Facts & Procedural History The taxpayer… Continue reading Setting Off a Non-Tax Debt Owed by the IRS

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September 7, 2019
What is a Genuine Opportunity to Dispute a Tax Liability?

Taxpayers are able to dispute a tax liability before the IRS can take certain collection actions. But what if the IRS does not afford the taxpayer with a genuine opportunity to dispute the liability as required by law? The court addresses this in Dood v. Commissioner, T.C. Memo. 2019-107. Facts & Procedural History The taxpayer… Continue reading What is a Genuine Opportunity to Dispute a Tax Liability?

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August 24, 2019
IRS Tax Debts from Retirement Account Distributions

Retirement account distributions typically trigger sizable tax liabilities. These liabilities often go unpaid, which results in unpaid tax debts and IRS collection enforcement actions. With careful planning, sometimes these taxes can be avoided. Tax on Retirement Account Distributions Most distributions from retirement accounts trigger income taxes. This includes distributions from IRAs and 401(k)s. The idea… Continue reading IRS Tax Debts from Retirement Account Distributions

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August 11, 2019
Can the IRS Take My 401(k) Plan Account?

Can the IRS take my 401(k) plan account for unpaid taxes? Does it have to wait until I take distributions from the 401(k) plan account? The IRS recently asked its tax attorneys this question in CCA 201927019. About 401(k) Plan Accounts The 401(k) plan account is the most popular method for saving for retirement. They… Continue reading Can the IRS Take My 401(k) Plan Account?

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July 4, 2019
Deducting Travel Expenses for Travel Away from Home

Contractors and business owners are able to deduct travel costs for travel away from home. This typically includes mileage and lodging costs. The amount of these expenses can be substantial. The IRS frequently audits and adjusts these expenses. Even with perfect records, the expenses may not be allowable depending on where the taxpayer’s “tax home”… Continue reading Deducting Travel Expenses for Travel Away from Home

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June 27, 2019
Getting the IRS to Pay Your Attorney’s Fees

The IRS is required to pay a taxpayers attorney’s fees for defending unsupportable positions. This can even include attorney’s fees when the matter is settled administratively before court. But the IRS is not required to pay attorney’s fees if the IRS’s position is substantially justified. The Bontranger v. Commissioner, T.C. Memo. 2019-45, helps clarify how… Continue reading Getting the IRS to Pay Your Attorney’s Fees

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May 5, 2019
Designating Sales Proceeds Subject to IRS Lien

If a taxpayer wants to sell property subject to an IRS lien and the IRS agrees to allow the sale, can the taxpayer designate what tax period the proceeds paid to the IRS from the sale are to be applied? The IRS attorneys address this in CCA 201916009. Facts in CCA 201916009 In CCA 201916009,… Continue reading Designating Sales Proceeds Subject to IRS Lien

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April 20, 2019