by Sandra Mertens | Dec 14, 2021 | GCK on Law
Offers in Compromise (“Offers”) remain a vital form of relief for taxpayers who cannot afford to pay their IRS taxes in full. Offers are governed by a strict program whereby qualifying taxpayers may attempt to settle their debt to the IRS based on doubt as to...
by Matthew Chodosh | Sep 10, 2019 | GCK on Law
On June 5, 2019, Governor J.B. Pritzker enacted legislation that provides Illinois taxpayers an opportunity to comply with previous tax obligations. The legislation establishes an amnesty program for “any tax” imposed by the State of Illinois and collected by IDOR...
by Sandra Mertens | Apr 2, 2018 | GCK on Law
Many taxpayers needlessly pay the IRS thousands of dollars each year through the payment of estimated tax penalties. In fact, the IRS estimates that 10 million people paid estimate tax penalties in 2015. Estimated tax penalties are assessed when a taxpayer is...
by Sandra Mertens | Feb 8, 2018 | GCK on Law
Given the complexity of the U.S. tax system, it is not surprising that most taxpayers fear IRS on some level. Many of our clients are often overwhelmed by the idea of having to deal with a tax issue, no matter how simple. If you happen to receive a letter or notice...
by Sandra Mertens | Nov 15, 2017 | GCK on Law
By law dated December 4, 2015, Congress authorized a procedure to allow the IRS to restrict passport rights for taxpayers with “seriously delinquent tax debts.” The persons affected include taxpayers who: (i) owe $50,000 or more in aggregated federal tax, penalties,...
