liens: Discharging Taxes through Bankruptcy - 10/26/19 02:28 PM
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. One option to consider when trying to figure out a plan to get the IRS out of your life is to file bankruptcy. Bankruptcy is a complicated subject that requires an attorney who specializes in that area of the law. This is not a DIY project and this post is only meant to inform you about the general rules regarding which taxes might be dischargeable.
Some taxes, interest, and penalties might be dischargeable if all the following apply:
         The tax return was due (including extensions) more … (1 comments)

liens: The IRS Private Collection Agency Program - 10/26/19 09:19 AM
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS has begun using private collection agencies to help collect tax debts. Initial reports are that things are not going well with the program. My advice is to request that the case be reassigned to the regular IRS Collections Division.
The Collection Agencies do not have the power to negotiate an Offer-in-Compromise, remove Levies, or just about anything else. All they can do is to demand payment within 120 days or offer to setup an installment plan. You can make a better deal with the IRS … (0 comments)

liens: IRS Penalties can be Abated - 10/05/19 08:49 AM
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. Penalties for Failure to File, Failure to Pay, or Failure to Deposit can increase your tax bill by another 25%. There is a way to get these penalties reversed called the First Time Penalty Abatement or FTA for short.
To qualify, you must have the following covered:
You must currently be in “compliance”, meaning that all your filings and have made and all your current year estimated and withholding taxes have been paid. Your record must not show previous penalty assessments for the past three tax years. … (1 comments)

liens: IRS Cryptocurrency Letters - 09/22/19 08:12 AM
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS has released several thousands of notices to taxpayers regarding cryptocurrency transactions. What the heck is this all about?
I know, we all thought that cryptocurrencies where all about secrecy. We used to think the same thing in the past about Swiss Banks, but that turned out to not be the case. In the cryptocurrency case, the IRS has issued John Doe Summons to organizations such as Coinbase that has apparently resulted in the release of names on accounts and perhaps some specific transaction information. Additionally, … (0 comments)

 
Jim Payne, CPA, CPA firm practicing in the area of IRS Collections (Backoffice Squared) Rainmaker large

Jim Payne, CPA

CPA firm practicing in the area of IRS Collections

Gainesville, FL

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Backoffice Squared

Mobile: (352) 317-5692

Office: (352) 376-9401

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