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What Does IRS Notice CP2000 Mean? What to Do?

June 1, 2023 | Tax Issues Tax Laws Tax Notices Uncategorized

Taxpayer's Guide to IRS Notice CP2000 What to Expect if You Receive a Notice About Underreported Income The IRS sends out Notice CP2000 to taxpayers who have underreported their incomes. This notice makes changes to your tax return, and if you don't respond, you will incur a tax bill. Wondering what to expect? Not sure why you got this notice? Then, keep reading for an overview. To get help now, contact us at The Timothy S. Hart Law Group, P.C., toda... CONTINUE READING

Recordkeeping for Individual Taxpayers

May 20, 2023 | Tax Compliance

Recordkeeping for Individual Taxpayers Every month I am contacted by a new client who has a tax issue from the 1990's, or early or late 2000's. That makes having a tax records retention policy a very important issue since the tax issue can be very old.  You may wonder if it is even possible to have a tax issue going back that far in time. The answer is Yes. I hate to say this since if you did not a tax return, the IRS will not start the statute of limita... CONTINUE READING

Taxpayer’s Guide to IRS Notices and Letters

May 10, 2023 | Tax Notices

Help! What Does This IRS Notice Mean? Receiving a notice from the IRS can be stressful and confusing. These notices are often intimidating and hard to understand, but to help you out, we've put together resources on the most common IRS notices. To learn more, check out the following links or contact us directly. At the Timothy Hart Law Group, we are devoted to helping clients deal with their IRS and state tax issues. We can help you decipher your notice... CONTINUE READING

IRS Tax Relief Forms and Instructions

April 26, 2023 | Tax Debt Tax Help

IRS Tax Relief Forms: Resources for Taxpayers The Internal Revenue Service has many different options for people who get behind on their taxes. But to request help, you need to file the right forms. This guide provides an overview of the relief forms you need to file based on the resolution option you want to pursue. Keep in mind that in some cases, you may need to apply for multiple programs. IRS Penalty Abatement If you file or pay late, the I... CONTINUE READING

Tax Emergency? Guide to Form 911 for Taxpayer Advocate Help

April 2, 2023 | Tax Help

You can request help from the Taxpayer Advocates office by filing Form 911. This form allows you to get help from a neutral division of the IRS if you're unable to resolve your issue through normal channels. However, it's important to note that while the advocates can help with many issues, they aren't the right answer for every IRS problem and will not advocate for you in the same manner as an Attorney would. This guide is your introduction to the Taxpayer Advocate Serv... CONTINUE READING

What If You Don’t File Taxes for One to 20 Years?

March 22, 2023 | Tax Debt Unfiled Tax returns

Taxpayers Guide to Unfiled Taxes Based on Different Time Frames The consequences of not filing your taxes vary based on how much you owe and how long it's been since you filed. If you haven't filed taxes for several years and you're worried about what's going to happen, you are not alone. Many people are in the same situation. The good news is that there are ways to catch up on your unfiled returns, and... CONTINUE READING

Overcoming NY State Back Taxes: Relief and Consequences

March 12, 2023 | Offer in Compromise Tax Debt Tax Issues Tax Relief

Get Help With New York Tax ProblemsRelief Options and Consequences of Unpaid Taxes or Unfiled Returns in New York If you get behind on your tax payment or filing obligations in New York, the Department of Taxation and Finance (DTF) may issue tax warrants, garnish your wages, or seize your assets. You will also incur penalties and interest if you don't file or pay your taxes. Being in this situation can be very stressful, but there are many ways to get... CONTINUE READING

IRS federal tax lien release and discharge rules

March 1, 2023 | Tax Liens

Background An IRS tax lien is a kind of security interest granted over a property to secure payment of the debt. We can assist with obtaining a Release a Federal Tax Lien. A tax lien on a property is imposed to secure payment of tax debt. A tax lien may be imposed against delinquent taxes against property or on account of failure to pay taxes. In the United States a federal tax lien may be raised in connection with any kind of federal tax. IRS can have a legal claim to your prop... CONTINUE READING

Form 433-B Collection Information Statement for Businesses

February 7, 2023 | Payment Plans

You may need to complete Form 433-B if you're applying for a payment plan or hardship status for a business. To apply for an offer in compromise for a business, you need to complete Form 433-B (OIC). Both versions of this six-page form request detailed information about your business finances, but the OIC version takes you through calculating a settlement offer on your taxe... CONTINUE READING

NYS Voluntary Disclosure Program

January 27, 2023 | Tax Debt

When taxpayers do not file their returns, the New York Voluntary Disclosure may help them. If you fail to file, at some point the New York State’s Department of Taxation and Finance will realize that returns are unfiled and back taxes are due.  For this reason, it is important for taxpayers to be proactive and contact a New York tax settlement attorney if they have unfiled returns and owe back taxes to examine whether a New York Voluntary Disclosure program may assist them.  Th... CONTINUE READING