Tax Collection Statute End Date

Owing back taxes is a heavy burden. Especially if there is a limited ability to pay the taxes owed. If you are in this situation, it is good to know the Collection Statute End Date. There is a set period of time the IRS and the State of Michigan have to collect back taxes. Continue reading…


Tax Question – IRS Penalties and Payment Plan

Question:  I am on a re-payment plan but the interest and penalties are adding up to more than my original debt and going up fast. How can I remove penalties but keep paying my taxes only? Is there a hardship form or another form I can complete to have IRS remove fees and penalties? Continue reading…


Get Your IRS Tax Refund

On March 11, 2015, the IRS announced they were holding on to more than $1 Billion of refunds for people who have not filed a 2011 tax return. If they did not file a 2011 tax return by April 15, 2015, then those people lost their tax refund. There is a statute of limitations for claiming a refund. If you are in this situation, there are forms you can file to get your refund prior to the statute expiring. Continue reading…


Request First Time Penalty Abatement

The IRS has all sorts of penalties.  There is up to 25% penalty for filing a tax return late.  There is up to 25% penalty for paying taxes owed late.  For payroll taxes, there is up to 15% penalty for not paying deposits timely.  By the time the IRS gets done charging penalties your tax could double!  If you made a one-time mistake, you may qualify for removal of all penalties charged.  Continue reading…


Vacation Home Tax Breaks

Summer time is just around the corner!  Are you thinking about renting out your summer cottage?  It may be a good idea.  You could earn a little income and get some tax breaks for renting your summer cottage. Continue reading…