tax notice: Is the IRS Sending Collection Notices?
- 07/16/22 03:03 PM
I represent taxpayers in Boulder, and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
Is the IRS Sending Collection/Audit Notices? Short answer is “yes” On May 26, 2022, The IRS updated audit numbers showing that the IRS's tax collection activities are taking place even with other issues of unprocessed tax returns inventory and understaffing. The data book release date is September 2021 and it contains audit rates for 2019, where the IRS can continue to enforce collection activities. The audit rates in the data book are a “snapshot” of activity in time. The data … (0 comments)
tax notice: The IRS Suspends mailing of Notices
- 02/13/22 08:19 PM
I represent taxpayers in Boulder, CO and Denver, CO Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
The IRS started accepting 2021 tax returns on Jan 24, 2022 while they still have several millions unprocessed original and amended tax returns returns filed of individual, business. The IRS commissioner Chuck Retting announced on February 9, 2022 that in an effort to start successful this filing season and process the previously unprocessed inventory, they have suspended sending these aromatic notices. The IRS will assess their inventory of prior year tax returns to determine the time … (0 comments)
tax notice: Do I Amend or Not My 2020 Tax Returns?
- 11/13/21 11:54 AM
I represent taxpayers in Boulder, and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments. Do I Need to Amend or Not My 2020 Tax Return? IRS updates on November 12, 2021
Short answer is “It depends”:
You received unemployment benefits and filed your tax return before the law was passed to exclude $10,200 of unemployment income from your federal tax. If you are eligible to exclude unemployment income: you
➨ do not need to amend: to get recovery rebate, earned income tax credit (EITC) with no qualifying child. The IRS will make adjustments. ➨ do not need … (1 comments)
tax notice: Tax Liability and Payments
- 11/12/21 11:46 AM
I represent taxpayers in Boulder and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
The tax returns are filed either by taxpayer(s) or a substitute tax return (SFR) by the IRS if the taxpayer failed to file one. Then the return is accepted by the IRS, your tax liability is recorded in your account. At this point, if your withholding is less than the liability, the IRS will send you a tax bill (Notice: CP14) and demand the payment. When you owe taxes to the U.S. Treasury and don’t pay, a claim … (0 comments)
Short answer to this question is “Yes”. It probably is not a scam. The IRS sends notices/letters for many reasons. For example: according to the IRS update on November 4, 2021, the IRS sent a refund of $510 millions to 430,000 taxpayers who filed their 2020 tax return early in 2021, and had unemployment compensation. Later the unemployment compensation of $10,200 was excluded from federal tax return (https://www.irs.gov/newsroom/irs-issues-another-430000-refunds-for-adjustments-related-to-unemployment-compensation)
Sometimes life just gets in the way. You feel too busy or have experienced a divorce, illness, job loss, or death in your family that sidetracked you from filing your tax return on time. Or you could just be overwhelmed with the whole process of filing your taxes. Perhaps you don’t have the money to pay your taxes and thought you should wait to file. This is actually not a good idea because of the failure … (0 comments)
The IRS has issued a lot of CP59 notices. To be exact, that number was approximately 260,000 earlier in the year. This number may have changed but has not been updated. So what is CP59? These notices are issued to identify the taxpayers who have not filed their prior year taxes returns (Tax year 2019). Take the following steps: If you have filed your tax returns: – If you have already filed your tax returns … (0 comments)
I represent taxpayers in Boulder, and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
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