How Long Does IRS Currently Not Collectible Status Last?
Currently Not Collectible status can provide some breathing room when paying the IRS would leave a taxpayer unable to cover basic living expenses. Once an account is placed in CNC … Read more
What Happens If the IRS Denies Innocent Spouse Relief?
Applying for innocent spouse relief is often deeply personal. The tax problem may be connected to a former spouse, hidden income, financial control, abuse, or financial decisions made without your … Read more
Can You Reopen a Closed IRS Audit?
An IRS audit may be closed, but that does not always mean the result is beyond review. Perhaps the audit notices went to an old address. Maybe you sent documents, … Read more
IRS Notice of Deficiency: What to Do Before the 90-Day Deadline
An IRS Notice of Deficiency is often called a 90-day letter. It may arrive after an audit, a dispute involving unreported income, or a Substitute for Return prepared by the … Read more
IRS Letter 1153: How to Appeal a Trust Fund Recovery Penalty
Receiving IRS Letter 1153 means the government intends to hold you personally responsible for certain unpaid payroll taxes. That can be alarming, especially when the taxes were owed by a … Read more
What Happens After You File Years of Missing Tax Returns?
Filing several years of missing tax returns can feel like finally getting a weight off your shoulders. But submitting the returns is usually not the end of the tax problem. … Read more
What Can You Discuss at an IRS Collection Due Process Hearing?
A Collection Due Process hearing gives taxpayers an opportunity to challenge certain IRS collection actions before the IRS Independent Office of Appeals. These hearing rights may be provided through notices … Read more
What Happens If You Miss the IRS CDP Hearing Deadline?
The deadline to request an IRS Collection Due Process hearing can pass quickly. Final levy notices such as CP90, CP297, LT11, and Letter 1058 generally provide 30 days to submit … Read more
IRS Notices CP90 and CP297: Final Levy Notices With Hearing Rights
Opening a letter marked “Final Notice” can make it feel as though an IRS levy is about to happen immediately. IRS Notices CP90 and CP297 are serious collection notices, but … Read more
IRS and Jointly Owned Property: 5 Common Scenarios
When one person owes the IRS but an asset belongs to more than one person, the situation can get uncomfortable quickly. A spouse may wonder what happens to the family … Read more
IRS Notice of Intent to Levy: Which Letter Did You Receive?
Receiving an IRS notice that mentions an “intent to levy” can be alarming. Many taxpayers read those words and assume the IRS has already taken their bank account, paycheck, Social … Read more
What Is an Intent to Levy vs. an Immediate Seizure?
Opening an IRS letter with the words “Intent to Levy” can make it feel like your bank account is already being drained. Many taxpayers panic because they assume the notice … Read more
5 Myths About Jointly Owned Property and IRS Tax Debt
When someone owes back taxes, jointly owned property can quickly become a source of confusion. Many people assume that shared ownership automatically protects an asset, while others believe the IRS … Read more
What to Do If Your Spouse Owes the IRS and You Own Property Together
If your spouse or partner owes back taxes to the IRS, you may be worried about what could happen to your own money, home, or jointly owned property. This concern … Read more
IRS Intent to Levy Timeline: How Long Do You Have?
Receiving an IRS notice that mentions a levy can be alarming. Many taxpayers immediately worry that their bank account will be frozen or their wages will be garnished. Fortunately, the … Read more
Filing IRS Form 56 When the Estate Owes Back Taxes
When a family member passes away, dealing with probate court and asset distribution is stressful enough on its own. However, many grieving families are blindsided by the sudden appearance of … Read more
How IRS Form 56 Can Help Uncover Tax Problems for an Incapacitated Relative
Caring for an aging parent or an incapacitated relative is emotionally exhausting, especially when family dynamics are complicated. In many families, one sibling or relative takes the lead on managing … Read more
Does Filing IRS Form 56 Trigger an Audit?
Taking on the legal responsibility of managing an individual’s financial affairs is a daunting task. Whether you are stepping in to help an aging parent whose health is declining, acting … Read more
IRS Form 56 and Fiduciary Liability: What You Need to Know
When you are appointed as an executor of an estate or a trustee of a family trust, it is easy to view the role purely as an honor. You have … Read more
Where Do I Mail IRS Form 56? What Fiduciaries Need to Know
Stepping into the role of a fiduciary is a major milestone. Whether a court has just appointed you as the guardian of an incapacitated relative or you are beginning the … Read more
