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IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help The Liability 10 days after an assessment is made and the debt is unpaid, a statutory lien comes into existence via IRC §6321. This is a very powerful part of collections tax law. Congress wrote themselves out of many laws by the creation of […]

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help The AUR (Automated Under Reporter) Unit handles filed returns that miss a 1099 or W-2. The ASFR (Automated Substitute for Return) Units in Holtsville (Small Business/Self Employed) and Fresno (Individuals) handle the IRP documents which do not match any filed 1040’s. The computer is […]

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help The AUR (Automated Under Reporter) Unit handles filed returns that miss a 1099 or W-2. The ASFR (Automated Substitute for Return) Units in Holtsville (Small Business/Self Employed) and Fresno (Individuals) handle the IRP documents which do not match any filed 1040’s. The computer is […]

Reviews from my 12/7 webinar on “IRS Correspondence”

Reviews from my Webinar on Thursday:    I thought the webinar went great – and I even did the first 45 minutes or so on my phone coming back from LaGuardia airport on the M60 bus (not highly recommended for stress-free viewing, but it worked).  It seemed like the technology worked well Excellent presentation by […]

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help How does the IRS “know” that a taxpayer “should” file a return? By law, many entities must report the income they pay to individuals. A 1099 MISC/DIV/INT/B or a K-1 are just some of the income reporting documents that are filed directly with the […]

IRS Liens. IRS Levy. Tax Consultant. Offer in Compromise Tax Help

If you request an extension of time to file by the tax deadline and you paid at least 90 percent of your actual tax liability by the original due date, you will not face a failure-to-pay penalty if the remaining balance is paid by the extended due date. If both the failure-to-file penalty and the […]

Tax Consultant. IRS Taxes Offer in Compromise. IRS Lien. IRS Levy

Failure to File or Pay Penalties: Eight Facts IRS Tax Tip 2012-74, April 17, 2012 The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the […]

IRS Levy. IRS Lien. IRS tax debt. Tax Consultant. IRS Compromise

I used to joke that since interest is calculated daily, wouldn’t the IRS computer burn out at 12:01 am…just based on attempting to calculate the client’s new balances? The concept of the assessed balance avoids this potential daily burn-out. All the IRS computer needs to remember is the benchmark of the assessed balance on each […]