Before you prepare a request for Appeals, you need to decide if Appeals is the place for you. Select the appropriate appeal procedure for specific instructions on preparing your request for Appeals. If you decide you want to present your dispute to Appeals, you will need to prepare a request for Appeals and mail it to the office that sent you the decision letter.
Collection Appeals Program (CAP)Collection Appeals Program (CAP) is generally quick and available for a broad range of collection actions. However, you can’t go to court if you disagree with the Appeals decision.
Collection Due Process (CDP)Collection Due Process (CDP) is available if you receive one of the following notices:Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320 (Lien Notice), a Final Notice - Notice of Intent to Levy and Notice of Your Right to A Hearing, a Notice of Jeopardy Levy and Right of Appeal, a Notice of Levy on Your State Tax Refund – Notice of Your Right to a Hearing (Levy Notices), and a Notice of Levy and Notice of Your Right to a Hearing. If you disagree with the Appeals decision, you may be able to take your case to court.
Offer in Compromise (OIC)An Offer in Compromise (OIC) is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the full amount owed.
Trust Fund Recovery Penalty (TFRP)If you are a person responsible for withholding, accounting for, or depositing or paying specified taxes including non-resident alien (NRA) withholding and employment taxes, and willfully fail to do so, you can be held personally liable for a penalty equal to the full amount of the unpaid trust fund tax, plus interest. A responsible person for this purpose can be an owner or officer of a corporation, a partner, a sole proprietor, or an employee of any form of business. A trustee or agent with authority over the funds of the business can also be held responsible for the penalty.
There are many options that the taxpayer has to resolve their tax issues. This can all be very confusing and overwhelming. Think of calling a tax professional to help you out in this very hard time. The can give you advice and answer many of your questions.
Showing posts with label resolution. Show all posts
Showing posts with label resolution. Show all posts
Monday, September 8, 2008
Thursday, September 4, 2008
Let's determine if an IRS tax appeal is right for you.
Many people who have had an examination by the IRS do not agree with the outcome. You may Appeal the determination.
Appeals is the place for you if:
You received an IRS correspondence explaining you have the right to come to Appeals to dispute an IRS decision.
AND
You do not agree and are not signing an agreement form sent to you.
If you meet the above qualifiers listed above then you may be ready to request an Appeals conference or hearing.
Appeals is not for you if:
Your only concern is that you cannot afford to pay the amount you owe.
The correspondence you received from the IRS was a bill and there was no mention of Appeals.
If you are lost and not sure where to turn next call Effectur and let them help you out today.
Appeals is the place for you if:
You received an IRS correspondence explaining you have the right to come to Appeals to dispute an IRS decision.
AND
You do not agree and are not signing an agreement form sent to you.
If you meet the above qualifiers listed above then you may be ready to request an Appeals conference or hearing.
Appeals is not for you if:
Your only concern is that you cannot afford to pay the amount you owe.
The correspondence you received from the IRS was a bill and there was no mention of Appeals.
If you are lost and not sure where to turn next call Effectur and let them help you out today.
Thursday, August 28, 2008
How to deal with the IRS
In my time working for a tax resolution firm, I have found out many things regarding the IRS and taxpayers. Many people believe that the IRS is out to get them and will make it difficult for the them to resolve their situation. The IRS will do little to go over all your options for a resolution. The IRS is the biggest creditor and has ways of collecting money other creditors do not have.
The IRS is the only creditor who has the ability to take money directly out of your bank account and directly out of your pay check. They can even collect from pensions and social security. The IRS can even collect from accounts receivable for businesses who owe a liability. They do this through levies.
Iif you don’t know what you are doing when dealing with the IRS, you will not get the best result possible for yourself. Self representation is no representation. You need people representing you who now how to deal with the IRS and do it hundreds of times per day. They will help you get the best possible outcome that you qualify for.
You don’t go to court without a lawyer, why would you face the IRS without professional representation
The IRS is the only creditor who has the ability to take money directly out of your bank account and directly out of your pay check. They can even collect from pensions and social security. The IRS can even collect from accounts receivable for businesses who owe a liability. They do this through levies.
Iif you don’t know what you are doing when dealing with the IRS, you will not get the best result possible for yourself. Self representation is no representation. You need people representing you who now how to deal with the IRS and do it hundreds of times per day. They will help you get the best possible outcome that you qualify for.
You don’t go to court without a lawyer, why would you face the IRS without professional representation
Wednesday, August 27, 2008
Taking Care of Your IRS Problem
When you owe the IRS, or are behind in filing your tax returns; there are three things you can do.
The first is to do nothing and let the IRS enforce collections and take care of your problem for you. This is never a good idea. Although the IRS can prepare and file a return for you, known as a substitute for return or SFR, they will prepare it in the best interest of the treasury. Meaning, they will not take into account any deductions you may be able to take advantage of, and then they will assess a tax liability against you. This will put you into the collections process; mandating that you take action or have the full collection forces of the IRS come after you.
The second thing you can do is handle it yourself. This is also not a good idea. Unless you know how the IRS works and what options are available for you, you will never know if you have gotten the best deal that is available for you. It is not the IRS’s job to get you into your best possible result, it is their job to collect from you. AND it is never a good idea to prepare your own tax return. Always have a professional do it for you so that you can be sure to take advantage of all possible deductions you may have and to avoid costly mistakes and errors that can cause you many many headaches.
The Third and best way to handle your situation is to hire a reputable tax resolution firm. They will know how the IRS works, what options are available to you and get you the best result possible. You wouldn't go to court without a lawyer would you? So why would you want to face the largest bill collector on your own. A reputable firm will have your best interest in mind. Have great communication with clients, have great customer satisfaction scores and deliver what they promise.
You always want to be proactive with the IRS and deal with them on your own terms.
The first is to do nothing and let the IRS enforce collections and take care of your problem for you. This is never a good idea. Although the IRS can prepare and file a return for you, known as a substitute for return or SFR, they will prepare it in the best interest of the treasury. Meaning, they will not take into account any deductions you may be able to take advantage of, and then they will assess a tax liability against you. This will put you into the collections process; mandating that you take action or have the full collection forces of the IRS come after you.
The second thing you can do is handle it yourself. This is also not a good idea. Unless you know how the IRS works and what options are available for you, you will never know if you have gotten the best deal that is available for you. It is not the IRS’s job to get you into your best possible result, it is their job to collect from you. AND it is never a good idea to prepare your own tax return. Always have a professional do it for you so that you can be sure to take advantage of all possible deductions you may have and to avoid costly mistakes and errors that can cause you many many headaches.
The Third and best way to handle your situation is to hire a reputable tax resolution firm. They will know how the IRS works, what options are available to you and get you the best result possible. You wouldn't go to court without a lawyer would you? So why would you want to face the largest bill collector on your own. A reputable firm will have your best interest in mind. Have great communication with clients, have great customer satisfaction scores and deliver what they promise.
You always want to be proactive with the IRS and deal with them on your own terms.
Levy Notice from the IRS
Like so many tax payers, this could happen to you. You get a certified letter form the IRS. When you pick it up from the post office and open it, you read that the IRS intends on levying certain assets.Don't panic!This means that you have not responded to the IRS's other letters they have been sending you. The IRS can not levy you until you have been through the collection due process. Simply put, they have to notify you of a balance due and give you time to respond.If you get a CP 504, intent to levy, there is still time to handle your problem.You do need to get moving right away, because doing nothing will only result in the IRS taking your assets away.If you are unsure of what steps to take next, it might be time to hire a reputable tax resolution firm. A tax resolution firm can help you out tremendously; they know how to deal with the IRS and can get you back onto the road to recovery and peace of mind.
The Collections Process and the IRS
The IRS is required by law to follow specific steps when notifying a tax payer of a tax liability. This is the Collections Due Process. The IRS has to follow these rules step for step. They only need to send notices to the last know address of the tax payer.The process starts with a balance due notice, form CP14 or CP11. The balance due notice states how much is due and from which tax year.After 10 days of sending the Balance Due Notice the IRS will send a second notice of demand for payment with form CP 501.10 days after the CP501, a CP503 is sent with the same demand for payment.When all the above notices are ignored, the IRS will send a CP504, Notice of Intent to Levy. This is always sent via certified mail.In most cases a final notice of intent to levy is sent. This is letter L 1058. This step may be skipped by the IRS.If the taxpayer ignores or fails to respond to all the notices, a Levy is placed against the taxpayer and a notice is then sent to the taxpayer informing them of the levy. The Levy Notice is form 668.If you are in IRS collections, you may need help to handle the IRS. You want to act quickly when you start receiving these notices and not wait until you are levied which can leave you with no money that may be used to get help. It is always best to be proactive with the IRS. You want to deal with the IRS on your terms not theirs.
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