Can First-Time Penalty Abatement Be Used More Than Once in Tulsa, OK? If the IRS charged you a failure-to-file or failure-to-pay penalty this year and you already used first-time penalty abatement once, years ago, you need to know whether that door is still open, because a...
What Is the Difference Between a Short-Term and Long-Term Payment Plan in Tulsa, OK? A small business owner in Jenks who owes eighteen thousand dollars after a rough year has two real paths in front of her: pay it off within 180 days on a plan...
What Is a Trust Fund Recovery Penalty Investigation in Tulsa, OK? A Tulsa business owner falls behind on payroll, uses withheld trust fund taxes to cover rent and supplier invoices instead of sending them to the IRS, and six months later a revenue officer calls asking...
How Old Does a Tax Debt Have to Be to Discharge in Bankruptcy in Tulsa, OK? Three separate deadlines, not one, have to be satisfied at the same time before the IRS will treat an income tax debt as dischargeable in bankruptcy, and missing any single...
What Happens After the 30 Day Period on an IRS Notice in Tulsa, OK? Thirty days. That's the exact window the IRS gives you on a Final Notice of Intent to Levy, sometimes labeled LT11 or Letter 1058, before it's legally allowed to seize your bank...
What Is the Difference Between a Levy and a Lien in Tulsa, OK? "They put a levy on my house" is something people say fairly often, and it's almost always the wrong word for what actually happened. A lien and a levy get used interchangeably in...
What Is the Difference Between IRS Debt and Oklahoma Tax Debt in Tulsa, OK? Most people who owe back taxes assume the IRS and the Oklahoma Tax Commission (OTC) are working from the same playbook. They aren't. The difference between IRS debt and Oklahoma tax debt...
Can the IRS Take My Inheritance for Back Taxes in Tulsa, OK? When a parent in Broken Arrow passes away and leaves a house and a modest savings account to their adult child, and that child already owes the IRS from a few years of falling...
Tax Attorney vs CPA for Back Taxes in Tulsa, OK Tax attorney vs CPA for back taxes, which do I need? If you owe the IRS or the Oklahoma Tax Commission and you are comparing your options, this is exactly the right question to ask before...
Can the IRS Come After Me Personally for Business Taxes in Tulsa, OK? Can the IRS come after me personally for business taxes? For business owners around Tulsa, OK, this may be the most dangerous question in all of tax law, because the answer most people...