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IRS Collections

21Nov

How the IRS Collection Process Works

By |November 21st, 2018|Categories: IRS Collections, Tax Levy|

You’ve filed your tax return with a balance due and are unable to pay and are unsure what you should do next. Well, within a short period of time after receiving your return, the IRS  will begin its automated collection process. Here’s how it works.

14Nov

IRS Expanded Payment Plans Help Resolve Back Taxes

By |November 14th, 2017|Categories: Back Taxes, Installment Agreement, IRS Collections|

The IRS has the authority to enter into payment plans with taxpayers who owe back taxes. In a effort to streamline the processing of these agreements the IRS continues to test expanded criteria for taxpayers requesting installment agreements.

20Jan

Reasons To Resolve Your IRS Tax Debt Now: The FAST Act and It’s Tax Consequences

By |January 20th, 2016|Categories: IRS Collections, Tax Debt|

On December 4th President Obama signed the Fixing America’s Surface Transportation Act (“FAST”) into law.  While the law focuses on improving America’s transportation and highways, it also contains provisions dealing with collection of back taxes.

26Oct

I Received A CP2000 Notice What Should I Do?

By |October 26th, 2015|Categories: IRS Collections, IRS Notices|

A CP2000 Notice is typically generated when the IRS computers determine a mismatch of income or deductions between information you reported on your tax return and information documents it receives from third parties.

19Oct

IRS Collection Notices and Letters

By |October 19th, 2015|Categories: IRS Collections, IRS Notices|

When you file a tax return and fail to pay the balance due the IRS will begin sending you a series of collection notices or letters.

7Feb

IRS Collection Financial Standards Are Used By Boynton Beach and Boca Raton Taxpayers in Tax Settlements

By |February 7th, 2014|Categories: Boca Raton, IRS Collections|

When a taxpayer seeks to reach a tax settlement with the IRS they may be required to consider the national and local collection financial standards when calculating the amount they are expected to pay.

13Apr

IRS Enforced Collection and Penalty Activity Impacts Millions of Taxpayers

By |April 13th, 2013|Categories: IRS Collections|

In our previous blog we provided recently published data regarding the number of tax audits conducted by the IRS. The 2012 Internal Revenue Service Data Book also includes various statistics related to IRS collection activities, assessment of penalties, abatement of penalties and offer in compromises.

14May

Currently Not Collectible (Hardship) Status

By |May 14th, 2012|Categories: IRS Collections|

In today’s economic times many people are finding it difficult to make ends meet and don’t need the additional stress of the IRS attempting to collect back taxes. Many taxpayers with unpaid taxes are unaware that their situation may qualify for hardship status.

4Feb

IRS Collection Appeals Program

By |February 4th, 2012|Categories: IRS Collections|

You may appeal many IRS collection activities to the IRS Office of Appeals. The Office of Appeals is separate from and independent of the IRS Collection office that initiated the collection action. The two main procedures are Collection Due Process (CDP) and Collection Appeals Program (CAP). The focus of this discussion is on CAP.

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