irs debt: Richardson Plano TX - IRS Levies - The Regular vs. The Continuing Levy - 04/26/19 02:56 PM
The Tax Levy is probably the IRS’s most potent tool to deal with delinquent taxpayers. It quickly gets the Taxpayer’s attention and is the most common reason that new clients come to our Richardson, TX office.
 
Types of Levies
A regular levy is a levy that is effective against only the taxpayer’s property being held at the time the levy is served. Examples are Bank levies, levies on receivables, and retirement accounts. As an example, here’s how a regular levy works for a bank levy. Banks will hold money for days before sending it to the IRS.On Day 1, bank receives … (0 comments)

irs debt: Richardson TX - What If You Can't Pay Your Income Taxes? - 04/19/19 10:49 AM
With most of my tax clients that come into our Richardson, TX, tax office, they get their tax returns filed timely, and are either able to pay their taxes timely, or we immediately get them set up a payment alternative early on and minimize the problem. However, I often do meet with taxpayers who come to us and who 1) did not file their returns timely, and due to a variety of circumstances, 2) did not pay the balance due. Often years go by, and eventually they get a point of a bank or wage levy, a seizure of an asset, … (0 comments)

irs debt: Richardson TX - The Three Types of IRS Offers-In-Compromise - 03/31/19 10:03 AM
When clients come into our Richardson Tax office with IRS debt issues, most of the potential clients want to learn more about the Offer In Compromise process, or OIC for short. There are three different types of Offers in Compromise.
Doubt as to Collectability – This type of offer is the most common type of OIC made to the IRS. In this case, the Taxpayer agrees that they owe the IRS, but are simply not in a financial position, to fully pay off their debt. If the Taxpayer qualifies for an OIC based on their financial situation, they may be able … (0 comments)

irs debt: Richardson, TX: Understanding IRS Installment Agreements - 02/21/19 02:09 PM
I represent taxpayers in Richardson, TX as well as our cities within Texas.  When I meet with clients, the best solution for many of them is to set up an Installment Agreement.  An Installment agreement is a repayment plan with the IRS over time. However, all Installment Agreements are not alike. There are three different types of Installment Agreements that I’ve outlined below. My goal is that after reading about each of them, you will have a better understanding of which one is the right one for you.
Streamlined Agreement -  To qualify, must have Individual Tax Debt under $50,000 and the … (0 comments)

irs debt: Top Alternatives to Resolving IRS Debt In Richardson TX - 02/10/19 02:54 PM
What is Your Best Option for IRS Tax Debt – Uncollectible Status, Installment Agreement, or an Offer In Compromise.
 
When I meet with clients in my Richardson, TX office, after meeting with them to hear their story, pulling their tax transcripts to get a full and accurate view of their tax issues and history, and getting them in compliance if needed, we begin to work on a strategy to resolve their tax issue with the IRS. This generally involves three alternatives –
 Offer In Compromise  Installment Agreement Currently Not Collectable There are others including bankruptcy and Innocent Spouse Relief but we will … (2 comments)

 
Bob Jablonsky, Helping you resolve your IRS Problems! (Bob Jablonsky & Associates) Rainmaker large

Bob Jablonsky

Helping you resolve your IRS Problems!

Richardson, TX

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Bob Jablonsky & Associates

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