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Tag Archives: IRS Tax Problems
IRS Enforced Collection Actions
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 Levy, IRS Payment Plans, Tax Levy
Tagged IRS Problem Help, IRS Tax Problems, Penalty Abatement, Penalty and Interest Abatement, Tax Penalty Relief, Tax Problem Solutions
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Summary of an Offer in Compromise
An offer In Compromise (OIC) is an offer made by a taxpayer to settle a tax liability for less than the full amount owed. The IRS will usually accept an OIC if it is unlikely that the tax liability … Continue reading
Posted in Offer In Compromise
Tagged IRS Problem Help, IRS Tax Problems, Tax Penalty, 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
What Can Appeals Do for You?
Many of the different departments within the IRS are responsible for making decisions concerning the application of tax law to various taxpayer issues. In some cases, agreement on these decisions, or determinations, cannot be reached. In other words, the taxpayer … Continue reading
IRS Levies
A levy is a legal seizure of property to satisfy a tax debt. The levy usually takes place after the following three requirements are met: • The tax is assessed, and a Notice and Demand for Payment is sent to … Continue reading
Posted in IRS Levy, Tax Levy
Tagged File Tax Return, IRS Problem Help, IRS Tax Problems, Tax Audit, Tax Problem Solutions
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Eligibility for an Offer in Compromise
Most people have heard about Offer In Compromises. An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities … Continue reading
IRS SFR Substitute Filed Returns: If You Don’t File Your Returns, The IRS may File for You
So what will happen to me if I don’t file a return or contact the IRS? The IRS will file a substitute return for you. But this return is based only on information the IRS has from other sources. Thus, … Continue reading
Failure to File or Pay Penalties: Eight Facts
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the … Continue reading