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Floyd Mayweather Seeking Installment Agreement on 2015 Taxes

As Floyd “Money” Mayweather prepares for his epic battle against UFC superstar Conor McGregor in August 2017, he’s also got something else on his mind — namely some unpaid tax liabilities. According to a petition filed with the US Tax…

July 20, 2017

IRS Explains Increase in Cost to Obtain an Installment Agreement

If you are a regular reader of this blog, you recently learned that the IRS has proposed to increase the cost of user fees associated with obtaining an installment agreement for taxpayers that would like to repay their debt to…

September 12, 2016

Installment Agreement Does Not Prevent The IRS From Filing a Notice of Federal Tax Lien

Do you have an installment agreement with the IRS regarding your unpaid tax liabilities? Even with an active installment agreement in effect, keep in mind that the IRS can still file a Notice of Federal Tax Lien on your unpaid…

April 14, 2015

Do I Need To Hire a Tax Attorney?

Are you being audited by the IRS and need to negotiate? Many people survive IRS audits without legal representation. However, you may want to have a tax attorney on speed dial as you go through the audit on your own….

March 24, 2015

Treasury Inspector General for Tax Administration

IRS Admits That its Collection Due Process Program Has Deficiencies

The Treasury Inspector General for Tax Administration recently conducted an audit of the IRS’ Collection Due Process program. What is Collection Due Process? A taxpayer can request a collection due process (CDP) or equivalent hearing on IRS Form 12153 if…

January 20, 2015

Sheehan and Associates Saves Client an Estimated $100K

“My battles with the IRS started about 15 years ago.  One thing led to another and the problem got worse over time.  I tried to resolve the matter by myself and that did not work.  With no other option, I…

February 26, 2014

Results Driven Sheehan Satisfies Client

“Thank you for the wonderful job in resolving our tax issues with the IRS. Your hard work, professionalism and dedication are very much appreciated. You maintained an open communication and always kept us informed via telephone, letter, and email. We…

February 25, 2014

Notice of Federal Tax Lien Can Affect Your Job

A management consultant had unpaid 1040 liability due to the IRS.  Wanting to make right with the IRS, he petitioned and was granted an installment agreement. In addition to granting the installment agreement, the IRS also filed a Notice of…

February 19, 2014

installment-agreement-tax-liabilities

Installment Agreement to Pay Tax Liabilities

Let’s talk about paying your taxes with an installment agreement. An installment agreement is where you pay your liability to the IRS in monthly payments. It includes penalties and it includes interest. The amount of money that you owe is…

December 04, 2013

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