Going through an IRS audit can be exhausting, especially if you receive an unfavorable outcome resulting in a tax balance due to the IRS. Before capitulating and forking over the money to the IRS, you may have the option to challenge some or all of the audit findings using an IRS Audit Reconsideration. An Audit…
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If you received an IRS CP2000 Notice, the IRS reports indicate that you did not report all your income on your IRS individual 1040 Tax return for a particular year. Whenever a third-party issues tax records to you, they must submit a copy of what was sent to the IRS. The IRS will cross-reference your…
Continue reading ›One of the harshest activities the IRS can do is to enforce a levy against you. If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or…
Continue reading ›It is essential to understand that the IRS audit and collection processes are about the IRS getting as much money as possible. In contrast, the IRS Tax Appeal process is about finding a settlement. If you disagree with the outcome of an IRS audit or other collection process, you can appeal an IRS decision, typically…
Continue reading ›IRS issues can compound when dealing with jointly owned property which often occurs with estates, marriage, and family ownership. When the IRS initiates a federal tax lien against a delinquent taxpayer, the lien covers all rights to current and future properties the delinquent taxpayer has or may have, even if the ownership rights to property…
Continue reading ›When, Why, What & How The IRS must issue you a “Notice of Federal Tax Lien (“NFTL”) and Your Right to a Collection Due Process (“CDP”) hearing under IRC 6320, or IRS Letter 3172, within five days of filing a lien for any tax and period. This notice is to inform you that a lien…
Continue reading ›When dealing with a tax debt primarily associated with one’s spouse, a taxpayer may qualify for one of these two types of relief. Although these have similar-sounding names, they are entirely different. Innocent Spouse Relief primarily arises when there are erroneous item occurrences on jointly filed return filings. Injured Spouse Relief deals with situations where…
Continue reading ›Of the various options for taxpayers dealing with IRS tax liability issues, the IRS Regular Installment Agreement (IA) and the IRS Partial Pay Installment Agreement (PPIA) are the most used. To get a better understanding, let’s go over each plan type and its respective benefits and qualifications. What is an IRS Installment Agreement? An IRS…
Continue reading ›The answer depends on what your specific tax goals and needs are. Both professional tax attorneys and Certified Public Accountants (CPAs) help with many different types of planning and complicated tax situations; however, each is geared more to help you in certain areas than the other. Selecting the correct professional for the engagement is essential…
Continue reading ›Are you an individual or business needing tax preparation from an established tax professional? Does your tax resolution issue require completing or amending current or prior year returns? At Harmon Tax Resolution, LLC, we not only offer IRS resolution services, but we also offer a full range of tax preparation services through our own robust…
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