My Blogs

01

I represent taxpayers in Twin Cities, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).

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Hello, I have just uploaded a 5min video on how to set up a payment with the IRS? There are 4 types of payment plan that the IRS offers, certain conditions have to be met. Here is the link

https://youtu.be/n9OUuAyN72g

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Hello, I have just uploaded a 2min video on how to remove an IRS bank Levy?A taxpayer needs to realize is that a bank levy only attaches to what is in the bank account at the moment the levy hits.  Amounts deposited afterward, even the very next day, are not subject to the levy.

Here is the link

https://youtu.be/p-TcoNYHXSU

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Offer in Compromise (OIC) is a program administered by the Internal Revenue Service which allows taxpayers to settle their tax debt for less than the full amount they owe— essentially allowing them a fresh start with the IRS.In the past years, more than 50% of OIC applications received by the IRS are rejected. Here is a quick guideline to determine if you a good candidate for an Offer in Compromise.

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Tax Evasion is using illegal means to avoid paying taxes. Typically, tax evasion schemes involve an individual or corporation misrepresenting their income to the Internal Revenue Service(IRS). Misrepresentation may take the form either of underreporting income, inflating deductions, or hiding money and its interest altogether in offshore accounts.

There are two forms of tax evasion: Evasion of Liability and Evasion of Collection

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I represent taxpayers before the IRS and Minnesota Department of Revenue in New Hope, Minnesota and the surrounding twin cities metro.

According to the IRS, there are many organizations…

According to the law, not filing a filing a required tax return is considered a crime. Things happens and people have genuine and also silly reasons for not filing the returns.

Anyway, there are certain consequence of not filing your returns.

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).

The IRS have options available for taxpayer…

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).

Explaining the CP2000 Notice                               

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and the Minnesota Department of Revenue.

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and the Minnesota Department of Revenue.

 

Recently, I went to my mailbox and saw a letter from the IRS as I flipped through the letters. My initial thought was, “what does the IRS want from me?” … and when I realized that the letter was about the stimulus checks, then I was relieved.

You’ve probably seen the advertisements on television offering help to people who owe tens of thousands of dollars to the IRS. The question is can these firms really deliver what they have promise?

 

If you owe back taxes to the IRS. The IRS may allow you to set up a payment plan (Installment Agreement) to pay the debt if you meet certain conditions. The primary condition is to be in “Tax Compliance”

When a taxpayer fails to respond to IRS requests for either missing tax returns or to provide financial information to help settle an outstanding tax debt, the IRS frequently resorts to enforced collection activities, i.e. levy.

The number one way the IRS talk to taxpayers is through paper mail correspondence. It is important to open the mail to find out what the

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, …

We know the story: things are tight financially, so you either (1) do not file the tax return, or (2) file the return but don’t pay the balance due. But do not worry, you tell yourself, next year  …

Do you have one or more years of you tax return to file or you owe back taxes? I can help you get back in compliance with the IRS or/and Minnesota…

Answer : It depends!

You may have some reasons to file additional years although most people are only required to go back the last 6 years for the IRS ….

If a taxpayer owes money to the IRS, there is already a tax lien against them and all their assets, including those assets they acquire in the future.

Contrary to popular belief that the IRS will not allow you to sell a house that has a tax lien, you can sell a house with an IRS Tax Lien. The only thing the IRS requires is that the

You can definitely sell a house with an IRS Tax Lien. The only thing the IRS requires is that the seller who owes money to the government not walk 

If you owe back taxes to the IRS. The IRS may allow you to set up a payment plan (Installment Agreement) to pay the debt if you meet certain conditions.

You have set up a payment plan with the IRS and you are making regular payments, thing happen you forgot or you are in a situation where you did not make the..

By law, the IRS have 10 years to collect on a tax debt, after 10 years the tax debts expire. For example, a taxpayer owes $25,000 on his/her 2010 return,…

A statute of limitation is a time established by law to review, analyze and resolve taxpayer and/or IRS tax related issues. There are three main statutes of Limitations.

One of the tools the IRS uses to get a taxpayer’s attention or get a tax debt paid is to start garnishing their wages using a continuing levy. 

An IRS tax transcript is a printout of the summary of the major data on your tax return. There are four main transcripts you can request from the IRS.

The Offer in Compromise program allows a taxpayer to settle their back -tax debt for less than the amount owed under certain… 

Recently a taxpayer called my office in New Hope, Minnesota and he wants to pay the tax debt owed but does not want to pay the penalties and interest associated with the tax debt.

Tax compliance is a critical step in resolving IRS Tax debt. In most cases, the IRS will not consider any collection alternatives proposal such as…

CP501 Notice – There is a balance due on the taxpayers account.

This is a friendly reminder from the IRS that you still

An IRS tax transcript is a printout of the summary of the major data on your tax return. There are four main transcripts you can request from the IRS.

The IRS sends out several notices to taxpayers. In this blog, I want to talk about notices you might get if you owe back taxes or have issues…

Tax Relief Firm

Phone

(612) 516 5878

Fax

(651) 409 2021

Email Us

info@fishcointax.com

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7600 Bass Lake Road, Suite 106A ,

New Hope MN 55428

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