by TaxResolution360 | Jun 26, 2024 | Consequences
The owner of a company that provided administrative services to nursing homes and other health care facilities, pleaded guilty for failure to pay over 10 million dollars in payroll taxes. Of the facilities this company owner provided services for, 20 were co-owned by...
by TaxResolution360 | Jun 26, 2024 | Consequences
The general manager of an RV Resort near Myrtle Beach, pleaded guilty to wire fraud and filing a false tax return. From November 2020 to December 2021, this general manager issued $828,516 in refunds through the company’s credit card reservation system that were...
by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
There are several types of Installment Agreements. One of them, is called the “Partial Pay Installment Agreement” (PPIA) where it’s possible to settle your outstanding balance with the IRS for less than what’s owed. It’s based on your monthly disposable income and...
by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
An Offer in Compromise is a legal binding agreement between the taxpayer and the IRS that settles the full amount owed. Many times, for a FRACTION of what’s owed. It’s the IRS’s version of a “fresh start” when it comes to IRS debt. If approved, the...
by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
It depends. The IRS is barred, by law, from collecting on a tax debt that’s 10 years or older from date of assessment. It’s called the 10-year Collection Statute Expiration Date or CSED. However, this 10-year clock starts with the filing of a tax return...
