our legal blog

Understanding ERC Audit Penalties & Fraud Risks

December 5, 2023 | ERC

Penalties & Consequences for Erroneous ERC Claims During COVID, the ERC credit, as well as many other government incentives, helped many businesses keep their doors open, but these programs were also rife with abuse. Now, the IRS is paying special attention to ERC audits, and at the time of writing, the agency has stopped processing new ERC claims and issued several warnings about ERC fraud. ... CONTINUE READING

Can You Go to Jail for Not Paying or Filing Taxes?

December 5, 2023 | Tax Laws

Can You Go to Jail for Unfiled or Unpaid Taxes? Tax time is one of the most dreaded times of the year. Even though it’s relatively easy to file your taxes with the help of accountants and online tools, many people put off filing until the last possible moment. In extreme cases, people may choose not to file at all.    If this is the situation you find yourself i... CONTINUE READING

Guide to Navigating IRS Voluntary Disclosure & Form 14457

November 7, 2023 | FBAR Tax Compliance

IRS Criminal Investigation Voluntary Disclosure Practice and Form 14457 If you suspect you may be investigated for a criminal tax matter, the best thing to do may be to come clean with a voluntary disclosure. The IRS's Voluntary Disclosure Practice may be able to help you prevent or reduce criminal prosecution for past actions related to IRS code violations. However, you should never take this step without consulting with an attorney — to get help now, contact us today at the Timothy... CONTINUE READING

Letter 725-B Means the IRS Wants to Meet With You

November 7, 2023 | Tax Debt

Letter 725-B: The IRS Wants to Meet With You When it comes to taxes, one of the few things that is worse than getting an unexpected letter is getting an unexpected visit from the IRS at your home or place of business. If you're not prepared, a surprise visit from someone you like can be unsettling. Now, imagine a visit from an IRS employee who wants to review your financial records and c... CONTINUE READING

What to Do After Receiving an IRS CP523 Notice

November 7, 2023 | Payment Plans Tax Debt

Taxpayers’ Guide to the IRS CP523 Notice How to Deal With a Terminated IRS Installment Agreement Dealing with the Internal Revenue Service is enough to cause even the calmest person to worry, and panic is nearly guaranteed when you receive certified mail from the IRS. This is especially true if you get a CP523 notice. This letter says that the IRS is terminating your installment agreement, and you must pay in full now.   Although this letter may feel threatening, you do... CONTINUE READING

Guide to Completing Form 433-D to Set Up Monthly Payments

October 10, 2023 | Payment Plans

Tips and Instructions for Form 433-D If you want to make monthly payments on your tax debt, the IRS will typically send you Form 433-D. You use this form to finalize your installment agreement and authorize payments from your checking account, and in some cases, you can even use this form to apply for a payment plan. To get help now, contact us at the Timothy S. Hart Law Group, PC, or keep reading for more details. IRS F... CONTINUE READING

Pay Your NYS Taxes Right: Online, Mail & More Options

October 10, 2023 | Payment Plans

Ways to Pay New York State Taxes and Consequences if You Don’t You may have more options for paying your New York State tax bill than you realize. Whichever option you choose, don’t wait too long. Here’s what you should know. Paying your New York State taxes on time is essential, but knowing how to make a payment or figuring out what to do if you can’t pay in full isn’t always easy. Thankfully, the New York State Department of Tax and Finance (DTF) offers several options f... CONTINUE READING

How to Appeal Collection Actions With Form 9423

October 9, 2023 | Tax Relief

IRS Form 9423 and the Collection Appeals Program When it comes to collecting debts, nobody beats the IRS. One reason the IRS is so good and recovering unpaid taxes is because the agency has powerful tools at its disposal, such as tax liens and levies. Yet the IRS isn’t perfect, and they sometimes get it wrong when trying to collect taxes. Because... CONTINUE READING

How Far Back Can the IRS Go for Unfiled Taxes?

September 8, 2023 | Tax Compliance Tax Relief

How Far Back Can the IRS Go for Unfiled Taxes? Meta description: The IRS can go back an unlimited amount of time for unfiled tax returns. Don't wait for the agency to find you. Be proactive about dealing with back taxes. How Far Back Can the IRS Go for Unfiled Taxes? There is no limit to how far the IRS can go back for unfiled taxes. If you haven't filed for years and you're worried that the agency may come after you, that's a valid concern. Legal... CONTINUE READING

Willful and Non-Willful Failure to File FBAR Penalties

FBAR Penalties: What to Expect If You Don't Report Foreign Bank Accounts Nothing’s quite as alarming as finding out you’re in violation of a law that you didn’t know existed. If you have foreign bank or financial accounts, you may be required to file an FBAR every year. Failing to do...