Howard Levy is a Cincinnati tax attorney with the experience to find solutions to your IRS problems.

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The life expectancy of an IRS payment plan

By , Installment agreements, Statute of limitations on collections

How long will your IRS payment plan last? All is quiet between you and the IRS - you have a payment plan, and the IRS is will not be knocking on your door because your account is in resolution. But IRS installment agreements do not necessarily last forever. And that can be both a good and bad thing. The good part of an IRS payment plan is that the IRS has 10 years to collect a tax debt from you.  That means that your payment plan will eventually end - to your benefit. This is called the IRS 10 year statute of limitations on collections.  After the 10 years are up, the IRS is ... Read More

Knowing when are you at risk for the IRS to seize your house

By , IRS collection notices, IRS levies and property seizures, IRS Seizures, Revenue Officers

Owing the IRS is nerve-wracking enough without having to worry about losing your house to the tax man. But are your concerns about losing the roof over your head based on reality? Are you really at risk for the IRS to take your house away to pay your tax debt? The good news is that the IRS seizes and sells very few houses - in a given year, it is less than 500 over the entire country.  That's out of millions of tax debts owed. In other words, the IRS does not make putting taxpayers out on the street a top priority.  For starters, the risk is low. But it does, and can ... Read More

How to get the IRS to reinstate your installment agreement

By , Installment agreements, IRS levies and property seizures

You negotiated a monthly payment plan with the IRS, and all was going well - you were making you payments on time, and staying current with your taxes. But you ran into some short-term trouble and filed a tax return with a new liability that you did not pay. The result? The IRS billed you for the new tax debt, and sent you a Notice of Intent to Terminate Installment Agreement, identified in the upper-right hand corner as IRS letter CP523. A condition of the agreement was no new tax debts, and the new liability caused the IRS to consider your agreement in default, and now they want ... Read More

How to stop the IRS from auditing you again…and again…and again

By , IRS Audits

We live in tax system based on voluntary compliance, which includes self-reporting all of our income to the IRS on our tax return, and claiming only the tax deductions that we are entitled to by law. And to ensure that we pay the correct amount of taxes, Congress has given the IRS the right to audit our tax returns. But what are the limits on the power of the IRS to audit? Can the IRS audit you year after year, ongoing, without end? When is enough enough? Recently, I helped a client who was notified that he was being audited for the fourth time in the last 10 years.  Each time ... Read More

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