Form 433-D IRS Installment Agreement [with video]
Form 433-D is used for the application for an Installment Agreement with the IRS to know when and how much to automatically draft from a bank account. What a Form 433-D is used for This form is used for the application of an Installment Agreement with the IRS. An Installment Agreement is the understanding between […]
Federal Tax Lien Statute of Limitations
A fact that is not widely advertised by the Internal Revenue Service is the statute of limitations on Federal Tax Liens. The Federal Tax Lien Statute of Limitations is 10 years. This means that the Internal Revenue Service has 10 years to collect unpaid tax debts from you. After the 10 years expires, the IRS […]
How Does the IRS Calculate Penalties
According to law, IRC § 6651(a)(1), the your Internal Revenue Service has to impose penalty for failure to pay tax that is due on your return. The same law, IRC § 6651(a)(2), provides the IRS with percentage of penalty to impose or fine the taxpayer. The IRS calculates penalties according to law and their code. […]