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
The focus of our firm is helping individuals and business owners deal with IRS problems like a large tax debt bill, accumulated penalties and interest, or liens, levies and garnished wages. In this category of our blog, we have written various articles about these sorts of IRS tax problems and how to address them.
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
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
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
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
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
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
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
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
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
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
If the IRS contacts you about Form 4180, it usually means they are investigating unpaid payroll taxes and determining whether to hold someone personally responsible. This is not a routine … Read more
In some cases, the IRS can release a levy within a few days. In others, it may take longer depending on your situation. There is no fixed timeline. How quickly … Read more
Stopping an IRS bank levy starts with one thing: acting quickly. Once the levy hits your account, your funds are no longer fully under your control. But you still have … Read more
Yes, in most cases, you need to file all missing tax returns before the IRS will fully stop or release a levy. When the IRS issues a levy, your case … Read more
Yes, the IRS can freeze your business bank account through a bank levy. When this happens, the IRS sends a notice to your bank requiring them to hold the funds … Read more
When the IRS files a Substitute for Return (SFR) on your behalf, it is rarely in your favor. In most cases, it leads to a higher tax bill than what … Read more
Yes. In most cases, you need to file all missing tax returns before the IRS will negotiate with you. The IRS requires taxpayers to be in filing compliance before it … Read more
Yes, you can still request a payment plan with the IRS if you owe more than $50,000, but the process is usually more involved. Taxpayers who want to set up … Read more
Falling behind on tax returns can happen for many reasons, including financial hardship, job changes, or simple oversight. If you have not filed in several years, one of the first … Read more
If the Internal Revenue Service (IRS) is taking money directly from your paycheck, you may be wondering: will bankruptcy stop wage garnishment? For many taxpayers facing IRS collection actions, bankruptcy … Read more
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