IRS Notice CP 504 is a Notice of Intent to Levy. However, it’s not exactly what it sounds like. This document is actually the final reminder of your past-due tax bill from the IRS. While you should immediately pay (or make arrangements to pay) your tax debt, the only property…
A federal tax levy is the seizure of a taxpayer’s property used by the IRS to resolve a back tax debt. However, before the IRS is permitted to levy a taxpayer’s assets the taxpayer must be sent written notice and the right to a Collection Due Process hearing.
When you’re faced with tax debt that you do not have the ability to pay in full, you should ideally contact the IRS to apprise them of your situation and work out a payment plan. However, if you do not work out payment arrangements with the IRS, or you default…
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.
Several months ago we met with a taxpayer who was subject to an IRS wage levy for 2010 and 2011 back taxes and wanted to know how to stop the wage garnishment.
Occasionally when providing tax relief services to a new client in our Boca Raton office I’m asked whether the IRS can take their house.
The IRS will issue a “Final Notice of Intent to Levy and Your Right to a Hearing” to taxpayers who have not resolved their IRS tax problems after receiving a series of notices demanding payment of back taxes.
If you owe the IRS back taxes and have not made arrangements for payment, the IRS will levy your property including your retirement benefits. If the IRS is about to levy your pension, 401K, IRA or Social Security benefits you need tax debt help from the tax professionals at East…
A 48-year-old Pennsylvania woman was sentenced March 1 to two years’ probation for trying to obstruct the administration of IRS law, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania. The woman was also ordered to cooperate with the IRS in all taxes.
By law, you have the right to a CDP hearing by the IRS Office of Appeals if you receive one of the following notices: Notice of Federal Tax Lien Filing and Your Right to a Hearing under IRC 6320 Final Notice – Notice of Intent to Levy and Notice of Your…