Tax Relief Archives

IRS Form 15103: Why and How to Complete It

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

How Far Back Can the IRS Go for Unfiled Taxes?

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

Penalty Abatement Policies- First Time and Recurring

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

Overcoming NY State Back Taxes: Relief and Consequences

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

Tax Help and the IRS Currently Not Collectible Status

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

How to Appeal Collection Actions With Form 9423

9 October, 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

What to Expect If You Receive IRS Notice CP14

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

How long can the IRS collect taxes you owe?

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

Innocent Spouse Relief Tax Rules

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

Innocent Spouse Relief

12 November, 2013 | Tax Relief

Innocent Spouse Relief There are various favorable tax related reasons to file joint tax returns, but did you know that by doing this you and your spouse are each jointly 100% liable for the entire amount of the tax? This tax law is referred to as joint and several liability. This can certainly present problems, if one of the spouses understates income or misuses deductions, for example, without the knowledge of the other spouse. It is common in many marr... CONTINUE READING

Request Free
Consultation