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.One of the hardest and most irritating problems to work with the IRS is when someone has issued a W-2 or 1099 with an incorrect social security number on it. Generally, what happens is that you receive ...
08/30/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The most effective IRS tool for getting paid is the Federal Tax Lien Notice. Should you sell your real estate, they are virtually guaranteed to get your share of the proceeds to cover your tax debt. Mos...
08/23/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS issues millions of liens on tax debtor property every year. Unlike other creditors, IRS liens are “self-releasing”. There is a highlighted box on each Notice of Federal Tax Lien that states that...
08/16/2022
Non-Filers have a particular problem when they decide to come in from the cold and rejoin the tax system. That is nonexistent records. Non-Filers are most likely to be people with small businesses that can dodge the 1099/W2 reporting systems. Coming clean with the IRS requires them to report thei...
08/02/2022
One of the more confusing issues in reporting taxable income is what to do when there is a 1099-A or 1099-C involved. Sometimes both the A and the C refer to the same property, other times not. Here is a simple way to think about the issue. The 1099-A is required from any creditor when a borrower...
07/26/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS claims to have built a list of millions of non-filers with substantial income. They were ready to pull the trigger on a program to begin investigations of the people on that list when COVID hit....
07/05/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Occasionally you really need to pay the IRS on a single day without fail. This can happen in cases with real estate closings in which the IRS is a lien holder. The safest way to make this happen is a ba...
06/28/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS needs a tax return to start the tax assessment process. If the taxpayer does not file, the IRS will file a return for them. This is known as a ‘Substitute for Return’ or SFR in government parlan...
06/21/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.You owe the IRS a lot of money and you want a way out of this hole. Most people that get into this problem are business owners and they tend to overlook one of the best strategies available -- make the ...
06/14/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.What do you do when you know the IRS is wrong and creating a financial hardship as a result? The cheapest answer is the Taxpayer Advocate Service also known as the TAS. You can file, an appropriately nu...
06/07/2022
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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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