Articles Posted in IRS Problem

When a tax return’s information doesn’t match data reported (such as W2’s, 1099’s, 1098’s) to the IRS by employers, banks, investment broker and other third parties, the IRS will send a letter / notice to the taxpayer. The letter is called an IRS Notice CP 2000, and it gives detailed breakdown information about issues the IRS identified and provides steps taxpayers should take to resolve those issues.

The taxpayer must address these issues timely, failure to do so will result in an assessment of additional taxes, interest and penalties. It’s almost like a “grey-area” correspondence audit.

Get professional help with CP 2000 issues at 1-877-788-2937.

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IRS ALERT

In order to help taxpayers avoid scams in which criminals impersonate IRS employees, IRS has issued a Fact Sheet in which it sets out the ways that it does and does not contact taxpayers.

For several years now, IRS has been publishing, in various formats, information and warnings about scams that involve taxpayers and IRS and about how taxpayers can protect themselves from such scams.

Here are various ways that legitimate IRS employees contact taxpayers.

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An IRS tax problem can do more than keep you up at night with worry. Unresolved tax problems can lead to liens on your home, levies on your bank account and garnishments being taken from your pay.

The worst thing that you can do is to ignore a tax problem like unfiled tax returns or unpaid back taxes. As time passes, interest and penalties only accumulate, making that tax debt harder and harder to pay. The IRS isn’t just going to forget about the money that you owe them. You need to take action to have the matter resolved.

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This post describes how existing general US tax principles apply to transactions using virtual currency. This provides guidance in the form of answers to frequently asked questions regarding Bitcoin and other virtual currency tax treatment.

Disputes will arise from trading Bitcoin and other virtual currencies, and having a tax expert by your side could even the odds if challenged by the IRS or the state. We represent US taxpayers worldwide. Schedule your consultation today at 1-562-204-6700.

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In an Information Release, IRS has announced that it has created a special new page on its website (irs.gov) to help taxpayers determine if a person visiting their home or place of business claiming to be from the IRS is legitimate or an imposter. Most of this information is also contained in a contemporaneously released Fact Sheet.

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Dear Client:

The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

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IRS has announced that beginning this month, it will start to send letters to notify “a relatively small group of individuals” with overdue federal tax that their accounts have been assigned to one of four private collection agencies (PCAs). The assignments were authorized by legislation enacted in 2014.

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Employment Taxes and the Trust Fund Recovery Penalty (TFRP).

Notice 784, Could You be Personally Liable for Certain Unpaid Federal Taxes?

IRS has updated its webpage guidance on the trust fund recovery penalty and who IRS can reach to pay it. The guidance is a reminder for all potential “responsible persons” to make sure that timely payment of employment taxes is given the highest priority at any profit or nonprofit enterprise.

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IRS tax lien

Are you receiving calls, postcards and letters regarding your IRS tax lien? Are telemarketers bombarding you with telephone calls to settle your back tax debt?

BEWARE!! IRS Lien letter recipients!

Many of these  solicitors you are not actually licensed to represent you before the IRS, they are not tax attorneys, nor CPAs, nor EAs.  

 

See our popular “beware report” HERE.

Learn about the IRS fresh start initiative program below.

The IRS is actively and aggressively pursuing individual and business taxpayers with aggressive collection actions. IRS enforcement could be in the form of a tax lien, where the IRS files a lien at your county recorder’s office as a public record so the taxpayer cannot sell assets or property without paying their taxes, penalties and interest.

The IRS also enforces collection actions through tax levy and tax garnishment actions against the taxpayer paycheck and bank accounts. Taxpayers should avoid these enforcement actions by resolving their back tax matter with the IRS.

IRS Lien letter recipients: Get tax help today! IRS Fresh Start program helpline 1-877-788-2937. All 50 states.

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Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

If you are facing a tax audit, IRS tax levy to back tax help to unfiled tax returns and more, the Chicago tax attorney is here for your need. The qualified tax lawyer can handle all legal matters related to taxes as well as assist businesses when it comes to properly filling out their tax forms. Here is a sampling of the services provided by the Chicago tax lawyer. Did you receive an IRS or state tax lien notice, letter, postcard or phone call?

  • Back Tax Help
  • Innocent Spouse Tax Relief
  • IRS Help
  • IRS Tax Audit Representation
  • Tax Debt Settlement
  • Tax Negotiations & Resolution
  • IRS tax levy and lien release Help
  • Penalty Abatement
  • 941 Payroll Tax Problem Help & More

Get reliable IRS representation, call 1-877-788-2937.

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