9 February, 2025 | Tax Debt Tax Notices
What is the Difference Between an IRS Revenue Officer and an IRS Revenue Agent? When an IRS representative contacts you directly to discuss your taxes—whether it’s a specific return, the results of an audit, or a past-due tax debt—it’s important to know the scope of their work and what they are legally allowed to do in regards to your tax debt. While some peopl... CONTINUE READING
15 January, 2025 | Tax Levy Tax Notices
Summary An LT11 Notice of Intent to Levy is sent by the IRS to taxpayers to inform them of their unpaid tax balance and the potential seizure of their assets. This notice is usually preceded by other letters and notices, and it contains detailed information about the tax owed, penalties, interest, and possible consequences. Taxpayers have 30 days to respond to an LT11 notice. They can either pay the tax... CONTINUE READING
14 August, 2024 | Tax Notices
If the IRS wants information from you, they will simply request it, but if you don't comply, they may issue a formal summons. The IRS has the legal right to issue summons to taxpayers and to third parties that have info about taxpayers. For example, if you are going through a tax audit... CONTINUE READING
11 July, 2024 | Tax Issues Tax Notices
Millions of dollars have been completely lost over the years as a result of professional tax scams, so it makes sense to be a little skeptical if you receive a notification from the IRS in the mail. This type of letter might also cause some anxiety, too, which is completely normal. ... CONTINUE READING
5 May, 2024 | Tax Debt Tax Notices
Summary An IRS Notice of Deficiency (Notice 3219A) is an official letter stating that you owe additional tax, which may include penalties and interest. It outlines the proposed adjustments and gives you 90 days to respond. Typically, you’ll receive IRS notice CP2000 first about a possible discrepancy. Form 5564, a waiver, comes with Notice 3219A. You can sign and return it if you agree with the IRS proposal. If you disagree, Yo... CONTINUE READING
8 September, 2023 | Tax Notices
Taxpayer's Guide to the IRS CP503 Notice IRS Notice CP503: Second Reminder of Unpaid Taxes If you owe taxes, the IRS sends out numerous reminders and demands for payments. The CP503 notice is generally the second notice that the IRS sends, and it comes after the CP501. If you don't respond to CP503, the IRS will send CP504, which gets much more severe. Tired of... CONTINUE READING
1 September, 2023 | Tax Notices
Help! I Received IRS Notice CP504 What to Do If You Receive Notice CP504 Receiving notices from the IRS can be stressful. The letters often use confusing language and outline all of the scary things the IRS can do if you don't pay. When you have an unpaid tax debt, the IRS usually sends a few letters to remind you about the balance, and then the agency starts sending more seriou... CONTINUE READING
1 June, 2023 | Tax Issues Tax Laws Tax Notices
Summary IRS Notice CP2000 is sent to taxpayers who have underreported their income, resulting in additional tax liability. This may be due to unreported income, errors, or identity theft. If the notice is correct, taxpayers should pay the tax or contact the IRS for payment arrangements. If incorrect, they should contact the IRS with supporting documents. Ignoring the notice leads to finalized changes and collection processes. Tax professionals can assist with navigating CP2... CONTINUE READING
10 May, 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 and deal with your ta... CONTINUE READING
Statute of Limitations on NY State Tax Debt—How Long Can They Collect? After state taxes have been assessed, the Department of Taxation and Finance (DTF) can only collect taxes for a set period of time. In New York State, the statute of limitations is generally 20 years. Howe...
