by Tara | Apr 22, 2024 | Blog
So, you got one of those threatening CP504B letters. It says Notice of intent to seize (levy) your property or rights to property. This is a scary letter, and you should take it seriously. I will give you a little backdrop about the CP504B letter. The IRS has hired...
by Tara | Apr 22, 2024 | Blog
Do you like paying tax penalties? If you do not pay in 90% of what you owe by April 15 the IRS simply charges you an estimated tax payment penalty. It is automatically added to what you owe for taxes for the year. It can be somewhat substantial. A recent client owed...
by Tara | Mar 25, 2024 | Blog
You get a collection letter from the IRS, but it doesn’t seem right. What do you do now? The worst thing you can do is call the IRS. The IRS representative is likely one of the new 80,000 representatives who does not know the tax law or the IRM and all they know how...
by Tara | Mar 25, 2024 | Blog
The IRS and their new 80,000 untrained and unsupervised representatives have a new goal. The goal is high income taxpayers. The IRS definition of high income is anyone who makes over $80,000 a year. Especially if you are a non-filer, you are on their target. So, if...
by Tara | Feb 27, 2024 | Blog
What can I do if I get a notice from ACS? This is usually an IRS letter and a demand for payment with a 1-800 number to call. Please keep in mind the reason ACS wants to collect money for the IRS. ACS employees are generally new IRS employees who are not trained very...
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