Category: do not use
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What To Do If Your Business Owes Payroll Taxes and How Steve Perry, EA, Can Save You
If your business owes payroll taxes, the IRS has the power to freeze assets, issue liens, and even pursue personal liability. Licensed pro Steve Perry, EA, fights for business owners in IRS crisis mode, negotiating agreements and protecting you from the worst. For urgent help, call (678) 717-9818.
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Understanding IRS Notice CP3219 or LTR 3219 and How an Enrolled Agent Can Help
IRS Notice CP3219 or LTR 3219 is a crucial communication indicating that the IRS proposes changes to a tax return and seeks to assess additional tax. Taxpayers have 90 days, or 150 days if abroad, to respond before the IRS initiates tax collection. This notice allows for disputing changes, filing a petition with the U.S.…
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Responding to IRS Letter 11: Why Prompt Action and Professional Help Matter
IRS Letter 11 is a significant notice signaling a taxpayer’s account is under serious collection threat, allowing a limited chance to challenge levies. Taxpayers have 30 days to request a Collection Due Process hearing using Form 12153, with an option for an equivalent hearing later. Engaging an Enrolled Agent can aid timely responses and negotiations…
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How to Respond to IRS Letter 12C Efficiently
When taxpayers file their federal income tax return, they expect either a refund or confirmation that their tax responsibilities have been met. However, sometimes the IRS responds with a notice instead, specifically, IRS Letter 12C. This letter often causes confusion and concern but understanding its purpose and how to properly address it—with the help of…
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Consequences of Ignoring IRS Letters
Receiving a letter from the Internal Revenue Service (IRS) can be unsettling. Many taxpayers are tempted to ignore these notices, hoping the issue will resolve itself. However, ignoring IRS letters can have serious consequences, ranging from financial penalties to legal actions. In this blog, we will explore the potential repercussions of disregarding IRS correspondence and…
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The IRS and Crypto Traders: Understanding John Doe Summons and Tax Obligations
As virtual currencies gain popularity, the IRS has intensified its scrutiny of tax compliance among traders. Utilizing the John Doe Summons, the IRS can obtain taxpayer information from exchanges without specific names. Transparency and cooperation with tax professionals are essential for taxpayers to navigate complex tax obligations and avoid penalties.
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