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New IRS Plan: Promises, Promises

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Thursday April 6, 2023 – The Internal Revenue Service released its Inflation Reduction Act Strategic Operating Plan today. The plan is more of a “Wish List” or fantasy in my view.

All that was wrong with the IRS will now be made right.

According to the IRS Plan:

The Plan is structured to achieve five objectives, which will be accomplished through a series of initiatives
and projects aligned to each.

  1. Dramatically improve services to help taxpayers meet their obligations and receive the tax incentives
    for which they are eligible
  2. Quickly resolve taxpayer issues when they arise
  3. Focus expanded enforcement on taxpayers with complex tax filings and high-dollar noncompliance to
    address the tax gap
  4. Deliver cutting-edge technology, data, and analytics to operate more effectively
  5. Attract, retain, and empower a highly skilled, diverse workforce and develop a culture that is better
    equipped to deliver results for taxpayers

The new Commissioner, Danny Werfel, calls it “a vision for the future of Federal tax administration.”

The purpose of the plan was to lay out how the IRS was going to spend the $80 Billion from the Inflation Reduction Act. But the plan doesn’t include any numbers until page 131. And then only in a high level, general, and abstract way.

Let’s not forget the IRS scandals of the 2010’s. Not only the targeting of conservative organizations, but the capricious waste of taxpayer money for lavish conferences that included 10s of thousands of dollars for video parodies of Star Trek and Gilligan’s Island.

Attorney Steven A. Leahy critiques the new IRS report on Today’s Tax Talk.

https://www.irs.gov/about-irs/irs-inflation-reduction-act-strategic-operating-plan

https://thehill.com/homenews/ap/ap-business/irs-pledges-better-customer-service-no-new-agents-with-guns/

https://www.cnn.com/2013/06/06/politics/congress-irs-waste/index.html

Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

They Call Him Danny

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Wednesday April 5, 2023 – Danny Werfel was sworn in as the 50th Commissioner of the Internal Revenue Service on Tuesday April 4, 2023. While Commissioner Werfel was sitting through his Senate confirmation hearing, the Treasury Department missed its self-appointed deadline to present a plan to the American people on just how they planned to spend the nearly $80 Billion in new funding for the IRS provided by the Inflation Reduction Act. Remember the Inflation Reduction Act? The Act that was passed without a single Republican vote.

Danny is not new to the IRS. He was appointed as the Acting Commissioner of the Internal Revenue Service (IRS) on May 22, 2013, by then-President Barack Obama. Right after the IRS was caught targeting conservative groups seeking tax-exempt status and the previous Commissioner, Steven Miller resigned under a cloud. Think Lois Learner.

Commissioner Werfel has promised the IRS workforce they will receive the credit they deserve. The IRS workforce “has risen to the occasion and delivered for taxpayers with limited resources.” The additional $80 Billion will allow the IRS to treat every taxpayer fairly.

Don’t worry, everything you ever thought bad about the IRS, will be just great. This filing season has been better than the previous filing seasons. You know the filing seasons when the IRS employees stayed home and no one was there to process returns or answer the phone.

Attorney Leahy welcomes IRS Commissioner Danny Werfel on Today’s Tax Talk.

https://www.govexec.com/management/2023/04/new-irs-chief-growing-workforce-will-transform-agency-armed-only-their-calculators/384806/

https://www.irs.gov/about-irs/commissioner-danny-werfel

https://federalnewsnetwork.com/reorganization/2023/04/irs-commissioner-danny-werfel-outlines-plan-to-transform-agency-with-historic-investment/

Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Chicago – IRS Solutions

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Steven A. Leahy

Chicago: IRS Solutions

Chicago: IRS Solutions – One Way to Get Out of IRS Debt

There are 6 different ways to eliminate IRS tax debt.

Let’s look at one of the easiest….

Pay the bill.

Now before you think I’m being overly simplistic, this is really an option for many people.

Let me explain.

You may want to pay the bill with a credit card.

Credit card debt is usually better than IRS debt.

The IRS actually accepts Visa, Mastercard & American Express for many debts owed to them. Think of it this way…a credit card company has nowhere near the power of the IRS to collect their money…

Not only can the IRS take your wages, but they can also take things like your real estate, Social Security, 401(k)’s, IRA’s, car, boat, house, accounts receivable, cash loan value of your life insurance, or commissions…to name just a few.

The IRS can also put a lien on your personal and investment properties, making it difficult to sell your house, destroys your credit rating and makes it difficult to refinance or get a home equity loan.

Of course, the “big hammer” of the IRS is that they can actually send you to prison for not paying your taxes.

The credit card companies have power, but not near as much as the IRS. If you don’t have enough credit to pay off your IRS debt then you should know that there are other options.

Chicago IRS Solutions. If you are searching for IRS Solutions to your tax problems, or if you have ANY questions about IRS problems, we can help. call Opem Tax Resolution – The Law Office of Steven A. Leahy, PC (312) 664-6649. Call Now to schedule your FREE 1 hour Consultation!




IRS Bankruptcy as a solution to your tax problems

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Steven A. Leahy

Chicago: Should You Consider IRS Bankruptcy as a Solution to Your IRS Tax Problem?

Bankruptcy in Chicago – Should You Consider Bankruptcy as a Solution to Your IRS Tax Problem?

Many people facing a tax problem consider bankruptcy as a solution. But what many don’t realize is that bankruptcy may not solve the problem. There are very strict rules about tax debt and bankruptcy. And your tax debt may not be able to be included.

For example, payroll taxes cannot be discharged in a bankruptcy. And if you haven’t filed your taxes, your tax debts will not only be excluded from the bankruptcy, but you can be sent to jail.

If you are considering declaring bankruptcy, and have tax debt, or haven’t filed, then you must be sure to consult with a tax attorney first! Even if IRS bankruptcy won’t eliminate your tax problem – bankruptcy may be a tool in a comprehensive strategy to resolve your IRS Tax problems.

When you owe taxes or haven’t filed tax returns, dealing with the IRS on your own can be a nightmare. It can create massive financial havoc in your life, ruin your credit, and if you let it get bad enough, it can send you to prison.

We can guide you through the process of negotiating with the IRS, getting the law on your side, and getting your life back in order. And the sooner you take action, the sooner you can get the IRS off your back and out of your wallet.

IRS Bankruptcy can be a good option for some. It all depends on the individual situation. To discover more about this option and other strategies on how you can break free from the IRS and reclaim your life, call Opem Tax Resolution – The Law Office of Steven A. Leahy, PC (312) 664-6649. Call Now!




IRS Partial Installment Agreement: Chicago Tax Help

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Steven A. Leahy

Chicago: Should You Consider An IRS Partial Installment Agreement as a Solution to Your IRS Tax Problem?

Tax Payment Options Chicago: IRS Partial Installment Agreement

Previously, we’ve talked about offers in compromise, installment agreements, and other tax relief strategies. Now, let’s talk about partial installment agreements.

The IRS partial installment agreement is relatively new and can be an attractive option for taking care of your debts with the IRS. It allows you to make a lower monthly payment and, after all the payments have been made, the IRS then erases the rest of what you owe.

However, what can be a downside to the strategy when you set up a partial installment agreement? You automatically get a detailed financial review every two years. And, if the IRS determines that your financial status changed in that time, they can jack up your payments or terminate your agreement.

IRS Partial installment agreements can be a good option for some. It all depends on the individual situation. To discover more about this option and other strategies on how you can break free from the IRS and reclaim your life, call Opem Tax Resolution – The Law Office of Steven A. Leahy, PC (312) 664-6649. Call Now!




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