1. How Do Regular Gamblers Handle IRS?

    How Do Regular Gamblers Handle IRS? Regular gamblers, gamers, off-track betters and wagers all take losses. No matter whether they file a tax return, get audited, have a tax lien, or try setting up an installment agreement, they usually get a raw deal from IRS about their gambling losses. All gambling losses should be deducted to reduce tax! Let’s start there. Here is the general rule: Gambling …Read More

  2. IRS Just Took My Payroll Funds!

    Whoa! This problem is an emergency. It needs a real solution, right now! (Or else employees won’t get paid.) This situation is called an “IRS Bank Levy.” The IRS will use various forms of collection enforcement to collect unpaid federal tax. Initiated by either by an IRS Revenue Officer or IRS’s automated system, a “Notice of Levy” is issued to your bank. This levy is one of the IRS' c…Read More

  3. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    Beginning in 2016, the IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the Fixing America’s Surface Transportation Act (or FAST). The idea was to facilitate an expedited collection of tax, facilitate tax resolution, and to expedite American highway and infrastructure repa…Read More

  4. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    IRS Uses Private Debt Collection Agencies – Are My Clients Affected? Beginning in 2016, IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the “Fixing America’s Surface Transportation Act” (or FAST). The idea was to facilitate an expedited collection of tax, to expedit…Read More