statute of limitations Archives - FREE Yourself from IRS Problems

Shamsey Oloko January 19, 2017 Income Tax Return, Late Returns

Why You Should File Past Due Tax Returns, Now!

Taxpayers that have failed to file tax returns for some extended period of time should strongly consider doing so immediately. Even if taxpayers have filed for an extension, time is of the essence to avoid costly penalties as the IRS…

Shamsey Oloko September 9, 2016 Collection Activities

Laws That Limit The IRS’ Power To Levy

Taxpayers with debts for back taxes have rights which are contained within the Internal Revenue Code. These laws limit the power of the IRS to collect and levy. These laws grant taxpayers rights that protect them from the collection enforcement powers of…

Shamsey Oloko March 11, 2016 Audit, Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Tax, Tax Evasion, Tax Fraud

You’ve filed your tax return, how long does the IRS have to audit you?

You’ve filed all of your tax returns, and because of your level of income you find yourself in the class of taxpayers whose return is more likely to trigger an IRS audit. So you wonder, how long does the IRS…