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Tag Archives: File Returns
What the IRS Wants Taxpayers To Know About Identity Theft and Taxes
Protecting taxpayers and their tax refunds from identity theft has become a top priority for the IRS. This year the IRS expanded its efforts to better protect taxpayers and help victims dealing with this difficult issue. When your personal … Continue reading
Posted in IRS Notice
Tagged File Returns, File Tax Return, Tax Problem Solutions
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IRS Summons
At Lefstein-Suchoff CPA & Associates, we are committed to providing useful information that helps those faced with a situation requiring tax help for: tax settlements, tax debt, back taxes, IRS tax debt, an IRS levy, IRS tax audits, Offer in … Continue reading
Posted in IRS Notice
Tagged Back Taxes, File Returns, IRS Problem Help, Late Filing of Tax Returns, Tax Problem Solutions
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New 1099-K Forms may Lead to Enhanced IRS Collections
What do you need to know about Form 1099-K? Form 1099-K is an information return that reports payment card and third party network transactions for the calendar year. 1099-K forms are giving IRS new collection leads. A memo to IRS … Continue reading
Posted in IRS Collections
Tagged File Returns, File Tax Return, IRS Problem Help, IRS Tax Problems, Tax Penalty Reduction, Tax Problem Solutions
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IRS Practice and Procedure Change 2012 & 2013
While 2012 was a down year for IRS enforcement revenue, look for a rebound in 2013, when the IRS should receive a significant budget increase. In February 2012, President Obama proposed an IRS budget increase of $944 million, with more … Continue reading
Posted in Tax Changes
Tagged Business IRS Tax Areas to Watch, File Returns, IRS Problem Help, Tax Problem Solutions
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IRS Letters: They May be Right, They May be Wrong
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are … Continue reading
Requirements for Full Evaluation of an Offer In Compromise
In order for an Offer In Compromise to be fully evaluated by the IRS, the taxpayer must have completed the following steps prior to submitting the offer: 1) File all tax returns legally required to be filed 2) Make all … Continue reading
Unfiled Tax Returns & the IRS Substitute For Return (SFR)
It’s important to understand the ramifications of not filing a past due return and the steps that the IRS will take. Taxpayers who don’t file a past due return or contact the IRS are subject to the following: The IRS … Continue reading
Late Filing Of Tax Returns
What happens if you fail to file your return by October 15, the extended due date? One consequence: Unless a disaster-relief exception applies or you have a valid reason, you may be charged penalties and interest. For example, the … Continue reading