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POLARIS TAX & ACCOUNTING
What Happens If You Ignore IRS Notices?
IRS Tax Resolution What Happens If You Ignore IRS Notices? Opening your mailbox to find a letter from the IRS can be stressful. For many taxpayers, the natural reaction is to put the notice aside
IRS Levy vs. Tax Lien: What’s the Difference?
IRS Tax Resolution IRS Levy vs. Tax Lien: What's the Difference? Many taxpayers use the terms IRS tax lien and IRS levy interchangeably. Although both are collection tools used by the Internal Revenue Service, they
How Long Does the IRS Have to Collect Back Taxes? Understanding the Collection Statute Expiration Date (CSED)
IRS Tax Resolution How Long Does the IRS Have to Collect Back Taxes? Understanding the Collection Statute Expiration Date (CSED) One of the most common questions taxpayers ask after receiving an IRS collection notice is,
Can IRS Penalties Be Removed?
IRS Tax Resolution Can IRS Penalties Be Removed? Receiving an IRS notice with hundreds—or even thousands—of dollars in penalties can be frustrating. Many taxpayers assume IRS penalties are permanent and simply part of the cost
How Does the IRS Calculate an Offer in Compromise?
IRS Tax Resolution How Does the IRS Calculate an Offer in Compromise? One of the biggest misconceptions about an Offer in Compromise (OIC) is that the IRS simply agrees to "settle for pennies on the
What Is a Partial Payment Installment Agreement (PPIA)?
IRS Tax Resolution What Is a Partial Payment Installment Agreement (PPIA)? Many taxpayers assume that if they owe the IRS money, they must enter into a payment plan that pays the balance in full. While
Can the IRS Take My House for Back Taxes?
IRS Tax Resolution Can the IRS Take My House for Back Taxes? Few IRS collection questions create more anxiety than whether the government can take your home. Many taxpayers believe the IRS immediately seizes houses
Why Is My IRS Balance Different Online Than on My Notice?
IRS Tax Resolution Why Is My IRS Balance Different Online Than on My Notice? If your IRS Online Account shows one balance and your IRS notice shows another, you are not necessarily looking at an
IRS Account Transcript vs. Return Transcript: What’s the Difference?
IRS Tax Resolution IRS Account Transcript vs. Return Transcript: What's the Difference? One of the first questions we ask new IRS resolution clients is, "Have you obtained your IRS transcripts?" The second question is often,
Can I Replace an IRS Substitute for Return?
IRS Tax Resolution Can I Replace an IRS Substitute for Return? Many taxpayers believe that once the IRS files a Substitute for Return (SFR), there is nothing they can do except pay the tax bill.
What Happens After the IRS Files a Substitute for Return?
IRS Tax Resolution What Happens After the IRS Files a Substitute for Return? If you do not file a required tax return, the IRS may eventually prepare a return for you using information reported by
Can I Add New Tax Debt to an Existing IRS Payment Plan? | Polaris Tax & Accounting
IRS Tax Resolution Can I Add New Tax Debt to an Existing IRS Payment Plan? If you already have an IRS payment plan and then owe taxes for a new year, you may assume the
IRS Applied My Payment to the Wrong Tax Year | How to Fix an IRS Misapplied Payment
IRS Tax Resolution IRS Applied My Payment to the Wrong Tax Year: What You Should Do Next You paid the IRS, but the IRS still says you owe. In many cases, the problem is not
IRS Cashed My Check But Still Says I Owe
IRS Payment Posting Problem The IRS Cashed My Check But Still Says I Owe If the IRS cashed your check but still says you owe, the issue is usually not whether the money left your
IRS Says I Didn’t File My Return But I Did
IRS Missing Return Problem The IRS Says I Didn’t File My Return But I Have Proof I Did If the IRS says you did not file a tax return, but you have proof that you