Blog | Page 3 of 52 | Cincinnati IRS Tax Attorney Howard Levy

Unfiled tax returns? Don´t wait, you could lose your refunds.

By Howard S. Levy, Esq., Substitute returns, Unfiled returns

Not filing tax returns can be habit forming. With the best intentions, you miss filing one year's return. That grows into another year, and then another. Fears mount, procrastination feeds itself, and one missed filing turns into more years than you can keep track of. Getting motivated to get back into the system is seemingly impossible. Not filing tax returns can cost you money. Maybe you were employed for wages, with taxes deducted from your paycheck and paid to the IRS every year. Or you are self-employed, but sent the IRS estimated tax payments to cover your ... Read More

Why is my Revenue Officer not returning calls or responding?

By Howard S. Levy, Esq., Revenue Officers

An IRS Revenue Officer came knocking on your door, leaving a card, and a request that you call. Or maybe the Revenue Officer sent you an introductory letter threatening your wages and bank accounts if you did not respond. Either way, it is clear the Revenue Officer means business. They are the highest powered IRS collection agents, and are assigned cases the IRS has determined are worthy of attention. You do the right thing, and call the Revenue Officer back. But you have not received a return call. Or maybe the Revenue Officer demands a meeting, and you go, and answer all of their ... Read More

Offer in Compromise: What you should know about calculating your income

By Howard S. Levy, Esq., Offer in compromise

If you are self-employed and own a business, you know there are good months and not-so-good months. It can be seasonality (lawn care), or the ebbs and flows of the stock market (financial advisor), or simply waiting for an account receivable to be paid. One thing is constant: Your income goes up, and goes down, and tomorrow can be different from today. At one point, you got behind on taxes, and are considering filing an offer in compromise with the IRS to put the past behind you. But before you jump in, it is important to understand how the variances in your income impacts the IRS ... Read More

Facing financial hardship in paying the IRS? There is a program for relief.

By Howard S. Levy, Esq., Currently Not Collectible

You may be concerned about what the IRS will do if you are unable to repay your taxes. After all, the IRS wants to get paid, and has powerful ways to do it, like levying your wages and bank accounts. But if the IRS took your paycheck you and your family would be in financial hardship. You don't want that, and believe it or not, neither does the IRS. There are programs to help The reality is that the big, bad IRS has a program that stops them from putting you in hardship so you cannot pay your bills. They can agree to let you pay your bills ahead of them, and if there is nothing ... Read More

How long will an IRS installment agreement last?

By Howard S. Levy, Esq., Installment agreements

Getting an installment agreement approved by the IRS will not only put you in their good graces, but bring peace of mind. That's because once your agreement is approved, your IRS file will be closed by their collection division. While your agreement is in effect, the IRS will be prevented from levying your income, accounts, and property. An active IRS installment agreement means that there will be no looking over your shoulder for a surprise visit from an IRS agent, or unwanted IRS threatening mail. But how long will your freedom from IRS intrusion last? Not all IRS installment ... Read More