Did you forget to file your tax returns? The IRS knows when you don’t file, you cannot just “drop out” of the system. The IRS sends Notice CP59 ( its a letter) when a taxpayer does not file his or her tax return. If you were required to file and you did not file your return, you might receive this …
Hey! Who Is Stealing My Tax Dollars?
Taxes make most people crazy! Hey! Who is stealing my tax dollars? What happened to my tax dollars is a question seldom asked by America’s taxpayers. Most are either too afraid of the IRS or numbed from just trying to keep up What happens to your tax dollars has long been a mystery to American taxpayers. There is literally so …
CP2000 – The IRS Letter No One Likes To Receive
The CP2000 letter is awful to receive in your mail box. Look on the upper right corner of the letter and you will see the letter number. The CP2000 always is a shock, because it always tells you that the IRS disagrees with the way you filed your tax return and is going to increase your taxes. Sometimes by huge …
IRS Letters Bring Tax Troubles Right To Your Door
IRS letters can bring tax trouble right to your door. The IRS has many letters and notices that it sends out, today we will be explaining what Notice of Deficiency CP 3219 is all about Notice of Deficiency – CP3219 Notice CP3219 is also known as the “90 day letter”, or the statutory notice of deficiency. Taxpayers receive this …
Help! The IRS Grabbed My Bank Account
What you need to know when the IRS takes your bank account (levy). Without professional help it is almost impossible to get the money back. The IRS will leave you with whatever cash you have in your pocket. They don’t care how you are paying for your next meal. But I do. I can get levies lifted. What is a …
Did You Receive An IRS Notice In The Mail?
Did you receive an IRS notice in the mail? We want to offer you some clues to the IRS Collection notices system. It is very confusing if you have never dealt with the IRS before. IRS Balance Due Notices Taxpayers receive Notice CP501/CP502 when they owe taxes to the IRS. Usually, incorrect deductions or credits, or excluding certain income on …
How Do I Find Out How Much I Owe the IRS?
How Do I Find Out How Much I Owe the IRS? How Do I Find Out How Much I Owe? Taxpayers that owe back taxes receive an IRS notice regarding payment. This notice includes the amount owed, the due date for payment, IRS penalties and interest, and basic instructions on how to respond. IRS Penalties and Interest Non-payment of taxes …
IRS Hires Private Tax Collectors!
IRS hires private tax collectors! The IRS has called for backup from the private sector, and four private companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and safe. What’s the deal with Private Debt Collection Agencies (PDCs)? Private debt collection agencies, or PDCs, aren’t rookies …
Beware of Dishonest Tax Pros and Tax Debt
Beware of Dishonest Tax Pros and Tax Debt Most tax professionals are honest, but some fraudulent preparers take advantage of unsuspecting taxpayers. Unscrupulous preparers may file false tax returns or simply falsify tax information. In order to increase the refund amount, they may alter income figures, deductions, business expenses, credits and/or exemptions. Even if a false return is filed without …