13 May, 2025 | Tax Fraud Tax Relief Uncategorized
New York Tax Evasion Attorney for Federal IRS Charges If your tax account gets referred to the IRS Criminal Investigation (CI) Unit, then you’re in a precarious position. Statistics from 2023 showed that the IRS’s CI team investigated around 2,676 cases and obtained an astonishing... CONTINUE READING
5 January, 2025 | Tax Relief Unfiled Tax returns
Summary IRS Form 15103, Form 1040 Return Delinquency, is used to respond to the IRS when they believe you have one or more missing tax returns. You may need to file Form 15103 even if you don't owe taxes (such as when you have self-employment income, but the business ran at a loss), to avoid penalties or a substitute for return, which can overstate your tax liability. You can complete Form 15103 yourself and file it by mail or fax, depending on your situation. If you filed your retu... CONTINUE READING
10 November, 2024 | Tax Compliance Tax Relief
Summary The IRS has no limit on how far back it can go to collect unfiled taxes since the filing of a tax return triggers the deadlines on the ability to collect unpaid taxes. The agency can assess taxes for any year that a tax return hasn't been filed through an audit process, and if the taxes aren't paid voluntarily, the IRS can use various collection methods to obtain the money (tax liens and levy's). The consequences of not filing taxes can vary based on how long... CONTINUE READING
10 November, 2024 | Tax Penalties Tax Relief
Summary Penalty relief can be negotiated with the IRS and NYS Department of Taxation and Finance for various tax penalties, including failure to file, negligence, fraud, late filing and failure to pay on time. 1) Reasonable cause for the failure to file or pay taxes can be a basis for penalty reduction. 2) First-time penalty abatement is available for taxpayers with no history of tax problems who incur a penalty for the first time. 3) Reasonable cause relief is available for taxpaye... CONTINUE READING
24 August, 2024 | Offer in Compromise Tax Debt Tax Issues Tax Relief
Summary New York State taxpayers who are unable to satisfy their tax payment or filing obligations may face consequences such as tax warrants, wage garnishment, asset seizure, and penalties. Relief options include requesting penalty abatement, setting up monthly payment plans, exploring the Offer-in-Compromise program, filing for Innocent Spouse Relief, and utilizing the Voluntary Disclosure Program. Appeals against tax assessments are also possible. Unpaid taxes resu... CONTINUE READING
16 January, 2024 | Tax Relief
Tax Help and the IRS Currently Not Collectible Status Title: "Unraveling Tax Complexities: An In-Depth Guide to Navigating IRS’ Currently Not Collectible (CNC) Status" Introduction Obtaining hardship status with the IRS, also known as Currently Not Collectible (CNC) or status 53, becomes more than a mere convenience – it transforms into a crucial necessity for those genuinely grappling with fina... CONTINUE READING
9 October, 2023 | Tax Relief
Summary The Collection Appeals Program (CAP) allows taxpayers to appeal certain IRS collection actions, such as liens, levies, and installment agreements. It is available for disagreements concerning levies, seizures, liens, and installment agreements, but only at certain points during each collection action. CAP cannot be used to appeal most IRS decisions or actions concerning jeopardy levies, offers in compromise, trust fund recovery penalties, penalty appeals, audit reconsiderat... CONTINUE READING
3 June, 2023 | Tax Issues Tax Levy Tax Liens Tax Relief
Summary CP14 is a notice from the IRS demanding payment for unpaid taxes, interest, and penalties. You may receive this notice for various reasons, including filing a tax return without full payment, IRS adjustments leading to additional tax liability, or unpaid taxes due to an audit. CP14A is a balance due notice sent to those with existing installment agreements, requiring no additional action unless the balance is incorrect. If you receive a CP14 notice, verify the information's ac... CONTINUE READING
22 September, 2022 | Tax Relief
A question I often get from clients with a tax debt is how long can the IRS collect taxes you owe? IRS Statute of Limitations There is a statute of limitations on collection of taxes, and it is generally 10 years. Once that time expires, you are free from the remaining unpaid tax debt and the IRS cannot collect from you unless they go to court and create a tax judgement which is rare. When I... CONTINUE READING
1 March, 2014 | Tax Relief
Innocent Spouse Relief In September 2013, the tax law was revised to greater benefits for those who are seeking tax relief related to debts incurred when they signed a joint tax return was an ex-spouse. The new tax law increases the chance that the Internal Revenue Service will hold that the ex-spouse is not liable for the sins of the other. Clients who are seeking this type of relief would benefit greatly from an attorneys assistance in correctly documen... CONTINUE READING
Why Did I Get a Certified Letter from the IRS? Receiving a certified letter from the IRS may cause you to feel nervous. After all, most IRS notices don’t usually signal happy news. While the IRS may not b...
