Tag: tax
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Understanding IRS Notice CP14: What It Means and How an Enrolled Agent Can Help
No one likes to receive mail from the IRS, especially when it says money is owed. One of the most common notices issued by the IRS is Notice CP14, which informs taxpayers that they have a balance due on their federal income taxes. While the notice can feel alarming, it is not the end of…
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Understanding IRS Letter 566: Your Audit Notice Explained
IRS Letter 566 notifies taxpayers that their tax return is under audit, requiring specific documentation for review. While it doesn’t indicate wrongdoing, timely responses are crucial. Engaging an Enrolled Agent ensures proper guidance and protection of taxpayer rights throughout the audit process, helping resolve issues efficiently.
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Understanding IRS Form 12153: Request for a Collection Due Process or Equivalent Hearing
Taxpayers who receive notices from the IRS regarding enforced collection actions such as liens or levies may feel overwhelmed and unsure of how to respond. Fortunately, the IRS provides a formal avenue for individuals to challenge or appeal these actions through IRS Form 12153, Request for a Collection Due Process or Equivalent Hearing. Understanding the…
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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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Understanding IRS Notice CP49: What It Means and How an Enrolled Agent Can Help
Receiving a tax refund is usually a welcome event, but sometimes the IRS applies that refund to a prior balance owed rather than issuing a check or direct deposit. When this happens, the taxpayer may receive IRS Notice CP49, which can come as a surprise if the prior balance was unknown or forgotten. Understanding the…
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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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Understanding IRS Collections: The EA Advantage
The Critical Role of the Enrolled Agent in Safeguarding Taxpayer Rights Receiving a notice from the IRS begins a complex and stressful process, particularly when the issue involves unpaid taxes or discrepancies in reported income. Understanding the IRS collection process and the vital role of an Enrolled Agent (EA) can make a significant difference in…
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Top Benefits of Hiring an Enrolled Agent for Tax Matters
When it comes to tax matters, facing the Internal Revenue Service (IRS) can be intimidating. Whether you’re being audited, owe back taxes, or need help navigating a complex tax issue, having the right professional by your side can make all the difference. One of the most powerful allies you can have in your corner is…
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Expert IRS Representation: Why a Power of Attorney Matters
Dealing with the IRS can be complex, time-consuming, and often overwhelming. In such cases, a Power of Attorney (POA) can be a vital tool. Whether an individual is facing an audit, responding to IRS notices, or simply needs assistance managing tax matters, granting a Power of Attorney can provide significant relief and expert support. What…
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Navigate IRS Liens, Levies, and Garnishments Effectively
Receiving a lien, levy, or wage garnishment from the IRS can be daunting. A lien secures tax debt against property, while a levy actively seizes assets. Wage garnishments reduce income, impacting daily life. Engaging a qualified enrolled agent can provide essential support, protect rights, negotiate relief, and reduce stress during resolution efforts.
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