tax: Richardson TX - What is a Collection Due Process Hearing with the IRS - 04/21/19 04:41 PM
he two main avenues of collection activities by the IRS is through 1) the NTFL (Notice of Federal Tax Lien), and 2) levies including bank levies and wage garnishments. Whenever the government files a Notice of Federal Tax Lien (NFTL) or issues a final notice of threat to levy, the taxpayer has 30 days to request a Collection Due Process (CDP) hearing with an appeals officer.
In order to do so, the Taxpayer will file IRS Form 12153, Request For a Collection Due Process or Equivalent Hearing. It is important to file Form 12153 properly or it will be rejected.
There … (0 comments)

tax: The IRS 10 Year Statute of Limitations and Tax Debt in Richardson, TX - 02/02/19 03:02 PM
There is a limit on how long the IRS has to Collect Tax Debt?
It may surprise you, but the IRS has 10 years from the date of assessment to collect a tax debt from taxpayers including my clients in Richardson and Plano, TX. In most cases, after 10 years, the debt becomes uncollectible by the IRS. There are certain exceptions that may delay or toll the 10 year time limit. We’ll cover those below, but in general, without any actions by the taxpayer which stock the clock, once the 10 years are up, the IRS has to stop its collection efforts … (1 comments)

tax: I Received a Final IRS Notice in Richardson, TX. What Do I Do? - 01/20/19 12:16 PM
Many of my clients in the Richardson, TX area, a suburb of Dallas, TX, get in the IRS collection queue where they receive a litany of notices.  Among those notices, is what I refer to the final collection warning notice.
This notice can be a Letter 11 (LT 11), CP 90 or Letter 1058, depending on which area of the IRS is handling your case and sends the letter. Whichever of these three letters you receive, they’re basically all the same, and they all have the same purpose. This is a critical notice that gives the Taxpayer certain rights as well as an … (3 comments)

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Bob Jablonsky

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Richardson, TX

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