Is the IRS Audit in Everything Everywhere All at Once Accurate?

Audits, In the News, IRS, Tax Collection Issues, Taxes, Taxes in the News
Is the IRS Audit in Everything Everywhere All at Once Accurate?

Everything Everywhere All at Once won seven Oscars at the 95th Academy Awards including for Best Picture. The movie begins with the havoc unleashed by IRS Agent Deirdre Beaubeirdra (Jamie Lee Curtis won Best Supporting Actress), when she audits the laundromat of Evelyn & Waymond Wang (Michelle Yeoh won Best Actress and Ke Huy Kwan won Best Supporting Actor. But are the audit scenes realistic? Short answer: yes, but mostly no. Here’s how the movie differs from a real-life IRS audit. Read more »

How to Request IRS Uncollectible Status in Ventura County

Debt, IRS, Tax Collection Issues
How to Request IRS Uncollectible Status in Ventura County

You owe taxes. But you can’t pay. You’re barely making ends meet with basic living expenses. Especially in high cost-of-living places like Agoura Hills, Thousand Oaks, Oxnard and Ventura. You don’t want to file for bankruptcy, or you don’t qualify (some taxes can be discharged in bankruptcy). If you have few assets and modest income, then ask the IRS for Uncollectible Status. Read more>>

IRS Enforcement Priorities: Pursue $900,000 or $9,000?

Tax Collection Issues, Taxes, Taxes in the News
IRS Enforcement Priorities: Pursue $900,000 or $9,000?

The IRS’s enforcement priorities often appear – well – insane. Consider the cases of two current clients: one client owes the IRS $900,000, and the IRS thinks the other client owes $6,000 from a IRA distribution he took the year of the Woolsey Fire. We’re disputing the $6,000: Congress relaxed the rules for people in the disaster zone. Who’s the IRS going after? My client who had to evacuate from his house with the $9,000 tax bill. Huh? Seriously? Read more>>

IRS “Uncollectible” Status

IRS, Tax Collection Issues
IRS “Uncollectible” Status

For anyone who owes back taxes to the IRS, obtaining Uncollectible Status is like reaching a Promised Land for Tax Debtors. It means the IRS has decided to temporarily halt any collection actions against the “uncollectible” tax payer because it’s just not worth it. Read more>>

Why IRS Doesn’t Negotiate Payroll Tax Debt – EVER

IRS, Payroll Taxes, Tax Collection Issues
Why IRS Doesn’t Negotiate Payroll Tax Debt – EVER

Business owners with payroll tax debt often ask me why the IRS won’t lift its levy or lien. After all, these clients argue, I just need a bit of free cash to invest back into my business, to make the money to pay what I owe. If the IRS cripples my business with liens or levies, then I can’t make the money to repay them. So, why doesn’t the IRS act more like my business partner, let me continue to operate, and make the money to pay them back Read more »