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If you owe the Internal Revenue Service (IRS) money on unpaid taxes, the department will send you a CP14 notice (a warning or a first reminder). You need to be careful about your steps once you receive this notice. Here is what to do: Read it Your CP14 notice will...
If the Internal Revenue Service (IRS) says you owe them money, you need to act. You may choose to contest their calculations, but, often it is better to accept they are right. If you can pay off the full amount you owe then good, but what if you cannot? What if doing...
If the tax delinquency remains unpaid for ten (10) days, after the date of the Notice and Demand for Payment, then the Illinois Department of Revenue may issue a warrant commanding the Sheriff or other authorized person, to Levy, upon the property and rights to...
If the liable taxpayer, after Notice and Demand for Payment, neglects or refuses to pay, then the balance due (tax, penalties, interest, costs) shall be a Lien, in favor of the State of Illinois, and shall attach to all property and rights to property, belonging to the taxpayer, whether real or personal. Unless another date is specifically fixed by law,…
If the taxpayer has delinquent Indiana taxes, then the Indiana Department of Revenue (“IN-DOR”) shall issue a Demand for Payment (“AR-40”). The taxpayer has twenty (20) days, from the date, of the AR-40, to full pay the delinquent taxes or to show reasonable cause for not paying. If, after the twenty (20) day time period, the taxpayer fails to pay…
The Internal Revenue Service (“IRS”) has the authority to accept less than full payment and compromise the taxpayer’s tax liabilities. This authority is significant because the IRS, like any business, has accounts receivable that cannot be collected in full or are disputed. The IRS recognizes that, in such instances, it is an acceptable practice to compromise the tax liability. The…
The Statute of Limitations for Collection, is a time limit, on the Internal Revenue Service (“IRS”), in which to collect delinquent taxes, from the taxpayer, for a particular tax year. In general, the IRS has ten (10) years, after the date of assessment, in which to collect. This ten (10) year deadline is referred to as the Collection Statute Expiration Date (“CSED”). …
When spouses file a joint tax return, each spouse is responsible for the entire tax liability. This is referred to as joint and several liability. Joint and several liability survives the divorce of the spouses even if the corresponding Divorce Decree states that one (1) of the spouses is solely responsible for any particular tax liability. Equitable Relief is applicable…
Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. If it is a joint tax liability and the secondary taxpayer is deceased, then pursue tax collection from the primary taxpayer. If it is a joint tax liability and the primary taxpayer is deceased,…
In general, the Internal Revenue Service (“IRS”) should only issue a Summons when the desired documentation or other information cannot be obtained voluntarily. When the desired documentation or other information can be obtained voluntarily, then a Summons is likely not appropriate. Before issuing a Summons, the IRS should consider: (i) the possibility that judicial enforcement will be necessary; and (ii) the adverse effect on future voluntary…