Wednesday, September 28, 2011

Enforced Collection – IRS Letter 3174(P) – Killer Notice Of Pending

Enforced Collection Notices

The letter 3174(P) is sent to the taxpayer to inform him or her that the Internal Revenue Service intends to take enforced collection that may include placing a levy on your bank accounts, wages, receivables, commissions, etc. It could involve seizing and selling your property, such as real estate, vehicles, or business assets.

Since you have received this letter, the IRS claims that you must have ignored the other letters or notices that they sent you, asking that you make the payment for the outstanding tax amount. The IRS requests that you respond now to avoid further enforced collection action.

The letter will describe what penalties and interest they have charged you, and the applicable IRC sections. It will also outline the various periods, showing you the balances from prior notices, and the interest and the penalties they added to each prior balance. I’m not clear on the full significance of this letter. The IRS makes various attempts at getting people to realize the seriousness of paying their taxes. This is another attempt at getting you to resolve your IRS matters before enforced collection. Before you act “too quickly”, I suggest you read more of the free information on this site, and then call us to see how we can help you to not become a victim of the IRS or any unscrupulous so called “tax resolution specialists”.

If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467.

Think your IRS matter is handled? Think again!

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If you do receive and notice that the IRS will be pursuing enforced collection, make sure you hire a professional. With over 30 years of experience under our belt, the team at Joe Mastiano PC is well equipped to manage your case and promise you the best outcome. Visit our website for additional information by clicking the link below or call us NOW, at (713)774-4467.

CP 2000 – We Are Proposing Changes To Your Return

The CP 2000 notice will be sent to you when the IRS is proposing adjustments to your tax return after receiving different information from the banks, employer or other payers. In this notice, you will find detailed information about the differences, the adjustments that the IRS has proposed and the steps that you can take when you agree or disagree with the adjustments. In very simple words, CP 2000 is sent to the recipient (i.e. you) when the tax return reported by you is not the same as the return reported by your employer or banks.

Some of the documents that may be enclosed with the CP 2000 are:

What You Should Know About The IRS Collection Process (Publication 594)?
Privacy Act Notice (Notice 609).
Your Rights as a Taxpayer (Publication 1).
Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (Publication 5).

Many people are not aware about what the notice CP 2000 is. It is basically a notice that is sent to a tax payer to notify him or her about the changes in his or her tax account for a specified tax period. The proposed adjustments are made on the basis of the deductions reported on the tax return, income, credits and payments. Generally, the people who give this information to the Internal Revenue Service are payers, banks, employers, or businesses. CP 2000 will also show the changes, if any, made by the IRS at the time of processing the tax return. Generally, you can say that, the CP 2000 notice is a proposal and you can either agree or disagree with. The proposed adjustments usually increase the tax amount but there are very few cases where the IRS may propose a decrease in the tax amount.

There will be a deadline mentioned in the CP2000,before which you will have to respond to the IRS. If you fail to give them a response, then they will assume that you agree with the changes that they have proposed. In case you feel that you will not be able to give them a response before the date mentioned in the notice, you can always call the IRS and ask for more time. They may give you an additional thirty days time to look for all the records that you need.

If you received CP2000, it means that you have omitted income from your return or the amount of income or expenses on your return does not match the amount reported to the IRS. The following pages will provide an explanation of the changes followed by a detailed listing of the items that were left off your return or did not match the amounts reported to the IRS. Respond immediately, with all the proof you have to sway them to your way of thinking. Do not shortcut your proof.

Tuesday, July 19, 2011

IRS Notices

Understanding IRS Notices

This tax relief site will give you better information about how to respond. Each letter can be found on the IRS web site. Just Google the letter or form number and select the sites you want explanations from, including the link to the IRS web site.

Please read my descriptions for each letter. Even if you didn’t get that letter, the descriptions contain a sample of the useful information these letters contain. It should help you understand the IRS letters better.

Great Tax Reduction Technique

What if you get a letter from the IRS charging you additional tax based on a math error or a clerical error? How would you like to avoid paying it? Here’s how… write back within 60 days and say you request an abatement under section 6213(b)(2). This may get it abated. It’s worth a try. Sometimes they reassess it, but they must issue a “notice of deficiency” giving you appeal rights. Include in the letter a statement that you disagree with the additional tax and the action you want taken, such as “I disagree with the additional tax assessment because I did everything correctly and I want you to remove the taxes.” Also state that if they don’t remove the taxes, you are requesting that they issue a notice of deficiency so you can file an appeal. The notice of deficiency will list the changes that they made. (Often you get a correction letter that doesn’t spell out why they made the changes in the first place.) Use this approach for letters involving a missing SS# (supply the number and copy of Social Security card if you have it, in your letter). Send your letter to the address they request you respond to. Never be afraid to call or write for an explanation of the letter or the adjustments being made. You may just want to pay it, or if you are contesting it, you have a better understanding of what you are contesting. If you do call for an explanation, do not give any information as to what and why you did anything! They will record it and it can be used to deny your request for abatement.

IRS Letters

Understanding IRS Letters

This tax relief site will give you better information about how to respond. Each letter can be found on the IRS web site. Just Google the letter or form number and select the sites you want explanations from, including the link to the IRS web site.

Please read my descriptions for each letter. Even if you didn’t get that letter, the descriptions contain a sample of the useful information these letters contain. It should help you understand the IRS letters better.

Great Tax Reduction Technique

What if you get a letter from the IRS charging you additional tax based on a math error or a clerical error? How would you like to avoid paying it? Here’s how… write back within 60 days and say you request an abatement under section 6213(b)(2). This may get it abated. It’s worth a try. Sometimes they reassess it, but they must issue a “letter of deficiency” giving you appeal rights. Include in the letter a statement that you disagree with the additional tax and the action you want taken, such as “I disagree with the additional tax assessment because I did everything correctly and I want you to remove the taxes.” Also state that if they don’t remove the taxes, you are requesting that they issue a letter of deficiency so you can file an appeal. The letter of deficiency will list the changes that they made. (Often you get a correction letter that doesn’t spell out why they made the changes in the first place.) Use this approach for letters involving a missing SS# (supply the number and copy of Social Security card if you have it, in your letter). Send your letter to the address they request you respond to. Never be afraid to call or write for an explanation of the letter or the adjustments being made. You may just want to pay it, or if you are contesting it, you have a better understanding of what you are contesting. If you do call for an explanation, do not give any information as to what and why you did anything! They will record it and it can be used to deny your request for abatement.

Tuesday, June 28, 2011

IRS Letters And Killer Notices – Chapter 7

IRS Letters Or Notices

You should respond to all letters and notices if you want to protect your rights or to initiate an action. If the action you decide to take is no action, that is ok too. The further in the collection process you wait to make a correction, the harder and more time consuming it will be. People have paid me thousands of dollars to correct actions that would have been very simple, and less costly, if done the moment the IRS first contacted them. This tax relief guide will give you better information about how to respond. Each letter can be found on the IRS website. Just Google the letter or form number and select the sites you want explanations from, including the link to the IRS website.

Please read my descriptions for each letter. Even if you didn’t get that letter, the descriptions contain a lot of useful information to help you understand the IRS.

Great Tax Reduction Technique

IRS Letters and Notices Free Advice What if you get a letter from the IRS charging you additional tax based on a math error or a clerical error? How would you like to avoid paying it? Here’s how…Write back within 60 days and say you request an abatement under section 6213(b)(2). This may get it abated. It’s worth a try. Sometimes they reassess it, but they must issue a “notice of deficiency” giving you appeal rights. Include in the letter a statement that you disagree with the additional tax and the action you want taken, such as “I disagree with the additional tax assessment because I did everything correctly and I want you to remove the taxes.” Also state that if they don’t remove the taxes, you are requesting that they issue a notice of deficiency so you can file an appeal. The notice of deficiency will list the changes that they made. (Often you get a correction letter that doesn’t spell out why they made the changes in the first place.) Use this approach for letters involving a missing SS# (supply the number and copy of Social Security card if you have it, in your letter). Send your letter to the address they request you respond to. Never be afraid to call or write for an explanation of the letter or the adjustments being made. You may just want to pay it, or if you are contesting it, you have a better understanding of what you are contesting. If you do call for an explanation, do not give any information as to what and why etc. you did anything! They will record it and it can be used to deny your request for abatement.