nonfilers: Bucks and Montgomery County, PA - What is a Tax Levy?
- 12/24/20 07:19 AM
I represent taxpayers in Bucks and Montogomery county PA with tax issues. Today, I will briefly discuss one of the most powerful tool's in the IRS' toolbox: Tax Levy. What is a tax levy? The IRS using its authority gain possession of a taxpayer's property without going to court. A tax levy could take cash from your bank account (regular levy) or take your wages or routine paid commissions (continuous levy). Why does the IRS use tax levies? A tax levy is designed to get the taxpayer's attention. A tax levy is designed to hurt. Can the IRS take my house? Yes, but only … (1 comments)
nonfilers: Bucks County, PA: IRS Priority #1 = High income Non-filers
- 12/03/20 01:06 PM
I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues. Today, the IRS reinforced on their website (www.irs.gov) their highest priority right now is High Income / Non-Filers. Eric Hylton, Commissioner, Small Business/Self Employed, explained the IRS started this initiative in early 2020 and even in a challenging year with COVID-19, the IRS has not lost focus on identifying and pursuing high income non-filers. "Why do this? Plain and simple, it's about fairness. Our pursuit of these high income non filers provides an important service and shows respect to the majority of Americans who pay … (0 comments)
nonfilers: Bucks and Montgomery County PA: What to do if you have not filed tax returns
- 10/01/20 03:57 PM
I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues. I have recently seen an uptick in individuals who have not filed tax returns, some for many years. In fact, the non-filer issue is a major priority of the IRS, who have stated publicly that they have identified more than 10 million taxpayers who have failed to file returns, many of which voluntarily came forward looking for economic stimulus checks earlier this year. In coming weeks, the IRS plans to roll-out an initiative to target these non-filers. In addition, it is worth noting that the … (5 comments)
I represent taxpayers in Bucks and Montogomery county PA with tax issues. Today, I will briefly discuss one of the most powerful tool's in the IRS' toolbox: Tax Levy.
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