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How IRS Collection Works

Posted by Napoleon Yancey | Oct 08, 2020 | 0 Comments

The Internal Revenue Service (IRS) is tasked with collecting taxes for the United States government. Without the tax dollars, the government would not have the funds necessary to operate its many divisions and social services. The federal taxes cover everything from funding the military to paying...

IRS Collection Notices: What Do They Mean?

Posted by Napoleon Yancey | Sep 23, 2020 | 0 Comments

In most cases, there are going to be four main notices provided to taxpayers by the IRS collections division. These notices are provided because the IRS is required to notify the taxpayer of the actions they are planning to take. It should be a relief to the taxpayer to know the IRS cannot operat...

What Are The Various Types Of Offers-In-Compromise

Posted by Napoleon Yancey | Sep 10, 2020 | 0 Comments

The IRS offers three different types of Offers-in-Compromise (OIC). Trying to obtain an offer in compromise is not the best option for all tax situations. In fact, most taxpayers' issues are resolved through other avenues with the IRS. It comes down to the facts of each taxpayer's unique and spec...

Installment Agreements – Which one is right for you?

Posted by Napoleon Yancey | Sep 04, 2020 | 0 Comments

We routinely represent taxpayers in IRS civil tax cases located in Memphis and Jackson Tennessee, North Mississippi, and West Memphis Arkansas. If you have an IRS tax debt that is too large for you to pay off, and you have too much income to qualify for an Offer in Compromise (OIC), then your bes...

Can I Sell My Home With A Federal Tax Lien?

Posted by Napoleon Yancey | Aug 14, 2020 | 0 Comments

We routinely represent taxpayers in IRS civil tax cases located in Memphis and Jackson Tennessee, North Mississippi, and West Memphis Arkansas. The answer is a resounding yes! Before going further into the answer, here is a little background on Federal Tax Liens. If you owe the federal government...

What Is an Offer in Compromise?

Posted by Napoleon Yancey | Jul 30, 2020 | 0 Comments

If you're struggling with debt, one option you may have is debt settlement. When you settle your debt, you convince your creditor to accept a portion of what you owe and forgive the rest. Many creditors are willing to negotiate terms and settle debt because the alternative (bankruptcy) could elim...

Should the United States Maintain Its “Worldwide Tax Basis” for Its Citizens or Should It Take on a “Residence Tax Basis” as It Relates to International Taxation of Individuals?

Posted by Napoleon Yancey | Jan 06, 2020 | 0 Comments

If you are a citizen of the United States (U.S.), then you are required to file a tax return regardless of where you live in the world and regardless of where you have earned your income. For example, let's say person X has been a U.S. citizen all their lives. Person X moves to France and has liv...

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