When the IRS Loses Your Records

The IRS consumes information. It requests it on audit, gathers it by various investigations, and stores this information. The IRS does not have one repository for storing information. Information may be stored on individual laptops or computers, uploaded to the IRS systems, and even as attachments to IRS employee emails. It may even be closed…

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Categorized as IRS Audit

The Late Tax Payment Penalty

The IRS has a number of tax debt relief programs that allow taxpayers to deal with back taxes. With that said, it takes a long time to settle most tax issues with the IRS. The IRS is slow. Even simple tasks take a long time. The IRS has some incentive to be slow; penalties and…

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Categorized as Penalty