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On behalf of Mark Pridgeon of Mark A. Pridgeon, Attorney at Law posted in Audits on Monday, November 25, 2019.

Since 2010, Congress has been asking the IRS to do more with less money. This has reduced the IRS’s audit resources by 28 percent, and the audit rate has fallen from 0.9% in 2010 to only 0.5% last year. And, the overall number of audits dropped by almost half over the same period.

Continue reading What do we know about audits and IRS enforcement? ...

Tags: Audits

On behalf of Mark Pridgeon of Mark A. Pridgeon, Attorney at Law posted in Delinquency on Tuesday, November 19, 2019.

The IRS recently announced that it will be holding additional compliance events throughout this year, sending revenue officers to areas that have been underserved in recent years. The agency has identified those areas and is choosing high-priority taxpayers to visit in person.

Continue reading Guess what? The IRS could be coming to collect in person ...

Tags: Delinquency , IRS , IRS collections , payroll tax dispute

On behalf of Mark Pridgeon of Mark A. Pridgeon, Attorney at Law posted in IRS on Thursday, November 14, 2019.

The IRS has announced inflation adjustments in dozens of areas, some prompted by the Taxpayer First Act of 2019. Taxpayers should use the new amounts when planning for their 2020 taxes. For example, starting in 2020, the penalty for failing to file a return goes up to $330.

Continue reading Inflation-based tax changes for FY 2020 announced ...

Tags: IRS , Tax Cuts and Jobs Act , inflation adjustments , tax planning

On behalf of Mark Pridgeon of Mark A. Pridgeon, Attorney at Law posted in Back Taxes or Tax Debt on Friday, November 8, 2019.

If you owe more in tax debt than you can realistically repay, you should talk to a tax attorney about negotiating an offer in compromise (OIC) with the IRS. An OIC allows you to settle your tax debt for less than the full amount. Getting one approved, however, can be something of a challenge.

Continue reading Could an offer in compromise with the IRS resolve your tax debt? ...

Tags: Back Taxes or Tax Debt , IRS , offers in compromise

Audits (64)

Back Taxes or Tax Debt (78)

Delinquency (23)

IRS (137)

Tax Controversy (80)

Tax Liens (10)

December 2019 (2)

November 2019 (4)

October 2019 (5)

September 2019 (5)

August 2019 (4)

July 2019 (4)

June 2019 (4)

May 2019 (5)

April 2019 (6)

March 2019 (3)

February 2019 (3)

January 2019 (5)

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What do we know about audits and IRS enforcement?

Guess what? The IRS could be coming to collect in person

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Pridgeon & Zoss, PLLC 7301 Ohms Lane, Suite 420 Edina , MN 55439 Phone: 952-232-0371 Toll Free: 877-221-1651 Fax: 952-835-0201 Edina Law Office Map

Pridgeon & Zoss, PLLC, provides legal counsel for clients in Hennepin County, Ramsey County, Dakota County and Washington County, Minnesota, including Twin Cities area communities such as Minneapolis, St. Paul, Bloomington, Brooklyn Park, Burnsville, Eagan, Edina, Minnetonka, Richfield, St. Louis Park, Wayzata, White Bear Lake, Eden Prairie, Woodbury, Golden Valley, Maplewood, Roseville, Mendota Heights and Plymouth. The firm also serves clients in St. Croix County, Wisconsin, including communities such as Hudson and Menomonie.