Jim Payne's Tax Blog in Gainesville, FL

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RECENT BLOG POSTS
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.   It’s a surprisingly common scenario. Client refuses to open mail from the IRS because after all, nothing good will come out of it.  Months later, it was discovered that the IRS had proposed a change,...
12/12/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.   The IRS is going to postpone the requirements to file form 1099-K for 2023. This announcement is a big plus. But the tidal wave of bureaucratic form production is still coming, now in 2024.  To give ...
11/22/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  The Federal Government is giving businesses another bureaucratic headache. They want almost every business in the US, except for very large and regulated businesses, to report to them on who owns and ...
11/20/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.   It’s not unheard of for someone to get a text message to call a provided 800 number for the fraud center for their bank/credit card company/internet provider immediately because their account is in j...
11/07/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.   The IRS uses a series of notices to incentivize taxpayers to pay them. Here is a cheat sheet to understanding where you stand in the collections process by Notice Number: Balance Due Notices: CP161 R...
11/02/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  SINCE THE BEGINNING OF TIME, the IRS's official policy was that any future failures to pay taxes timely would result in the automatic default of any existing payment plan. In my experience, the IRS ha...
10/30/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  The IRS suspended the majority of their automated collection letters at the beginning of COVID. The COVID emergency was declared ended last May, but the IRS has been slow in ramping up its computer-ge...
10/25/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  You got a call from a company that claimed you were entitled to hundreds of thousands of dollars in refunds for retaining your employees during COVID. The result certainly sounded great, and the solic...
10/23/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  The IRS announced on 9/14/23 that it would no longer be processing new Employee Retention Credit refunds. This was due to the unprecedented amount of fraud in these claims. The level of fraud is not m...
10/18/2023
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  Payment Plans at the beginning of my career, were a huge effort requiring financial information to be provided and long talks with condescending or out-and-out rude IRS Revenue Officers. Those days ar...
10/16/2023
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Jim Payne, CPA

CPA firm practicing in the area of IRS Collections
smartphone(352) 317-5692
local_phone(352) 376-9401
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