Ernest & Young’s 2012 Tax Guide has a good summary of the changes for this tax year. Among those are the following:

You must not take for granted that you will reach a tax resolution to your liking, just because you solicited the tax help of a CPA or an IRS tax attorney. As I said previously, these professional guys may be able to postpone IRS collection actions such as IRS levy, wage garnishment, property seizure and possibly tax lien. But the ultimate deliverable is an IRS settlement that provides the tax relief that you need.

A tax resolution to your tax problem is a saga that will have to start by hiring a professional such as a CPA or an IRS tax attorney. Or, if you are a do it yourselfer, the only resource for the tax help is you and your knowledge, good or bad.

The gambling industry or its culture sells the sizzle to the public. What is imprinted on the memory are the examples of happy people receiving millions of dollars of winning tickets. No one is talking about the bankruptcy of this enterprise morally and economically. No one is talking about the ensuing tax problems crying for a tax resolution. 

The most famous tax withholdings are those withholdings from your wages by your employer. If you are technically classified as an employee, your employer will generally deduct taxes away from your payroll along with Social Security and Medicare taxes. 

We said previously that our tax rates are high and our code reflects the power center's arrangements. Now, we discuss the complication of the code, the fairness issues and IRS collection practices that come with the territory. 

We discussed previously the high tax rate of our tax system. We believe that our rate is driven by the economic and social allocation of our resources. Those in turn are propelled by political motives and the arrangements of power and pressure centers in our society. Our tax rate is high because we made our needs require a high tax rate. 

No one complaints that they are paying too little tax except for Warren Buffet. Even Buffet would never say that he is paying too little tax if he were to be taxed on his deferred gains. The poor definitely are not complaining that they are paying too little tax. To be sure we pay taxes because we must. But do we have to pay taxes the way it is imposed on us? The answer is no. What we need are two things. We need courage and imagination. 

Owing tax at the end of the year can pose an IRS tax problem that, if not paid, may cause the IRS to initiate collection actions against you such as IRS levy, tax lien and wage garnishment. The options that you have then are to pay the tax immediately, negotiate an installment agreement, or even submit an offer in compromise. Some people may not qualify for an offer in compromise, but will qualify for what is called a currently-not collectible status. 

There are three ideas floating around regarding our income tax system. The first is the idea of the wise, the balanced, those who have it all together. Follow these people and remain stagnate forever.