Blog - Page 6 of 48 - Howard Levy is a Cincinnati tax attorney with the experience to find solutions to your IRS problems.

How to get the IRS to reinstate your installment agreement

By Howard S. Levy, Esq., 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 Howard S. Levy, Esq., 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

5 signs that the IRS is about to levy your wages or bank account

By Howard S. Levy, Esq., Automated Collection Service, IRS levies and property seizures, IRS Seizures, Revenue Officers, Substitute returns, Unfiled returns

It's what keeps you going from month to month - your wages, and the money in your bank account. You need it to pay your bills, provide for your family, keep a roof over your head, food on the table, make your car payment. But at the same time, you owe back taxes to the IRS, and are looking over your shoulder, concerned that the IRS may strike and clean you out. If any of these 10 signs are true, then your fears are real, and you are indeed at risk for an IRS levy on your wages or bank account: 1. Has the IRS sent you a Final Notice of Intent to Levy and Notice of Rights to an Appeals ... Read More

IRS offer in compromise: The good, the bad, and the ugly

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

There are many pros and cons to deciding whether an offer in compromise is the right next-step in resolving your IRS debt. One thing is for sure: An OIC is not a one-size-fits-all affair. There are many factors to think about before attempting to settle with the IRS. It can put a smile on your face and have you jumping for joy (the IRS said yes and your tax debts are over!). Or, like the IRS in general, an OIC can leave you a little frustrated as it requires an understanding of how to navigate though IRS settlement guidelines that often have no fairness or reason. What you want, though, ... Read More

How to stop an IRS trust fund recovery penalty interview

By Howard S. Levy, Esq., Employment taxes, Revenue Officers, Statute of limitations on assessment, Trust fund recovery penalty, Uncollectible

Your business owes the IRS employment taxes, and an IRS Revenue Officer has just called you and requested that you come down to his office for a meeting to discuss the debt. Chances are, the meeting will include the IRS agent requesting to interview you using IRS Form 4180, Report of Interview with Individual Relative to Trust Fund Recovery Penalty. You do not know it, but the real focus of the meeting is you, not the business. That's right, the IRS can collect an unpaid employment tax liability from not just your business, but you, too. The IRS calls this a trust fund recovery penalty ... Read More

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