What Can You Do If You Receive IRS Form LT16?


by Dawn Allcot on January 29, 2020  0 Comment

What Can You Do If You Receive IRS Form LT16?
You could receive IRS Form LT16 if you have unpaid tax debt and also failed to file your tax returns on time. You have just 10 days to respond to an LT16 notice. Consider seeking help from a tax expert if you are missing tax returns and also owe back taxes to the IRS.The IRS will send you Form LT16 if you have overdue taxes and are also missing tax returns from recent years. Receiving a form LT16 almost always requires a call to the IRS to straighten out the situation.Unlike many IRS collections notices, IRS Form LT16 – Your Account Has Been Marked for Enforcement Action, comes with a very short deadline. Instead of the usual 30 ...

How This Guy Stopped IRS Collection and Resolved $8,597 in IRS Back Taxes


by Dawn Allcot on December 04, 2019  0 Comment

How This Guy Stopped IRS Collection and Resolved $8,597 in IRS Back Taxes
If you work full time as a W-2 employee and file your taxes by April 15 every year as you’re supposed to, you probably never expect any trouble from the IRS.You pay your tax bill on time. Or maybe you even get a refund. Statistics say nearly 70 % of Americans did in 2019.Just like one Arizona resident, Guy.Guy had always gotten a modest tax refund. As a single male, he declared 0 dependents on his W-4 so the IRS would take out the maximum withholding taxes. “When my friends asked why I don’t declare '1' to take home more of my paycheck, I told them I didn’t want to owe at the end of the year,” ...

Your Guide to the IRS CP2000 Notice


by Dawn Allcot on November 22, 2019  0 Comment

Your Guide to the IRS CP2000 Notice
A CP2000 Notice of Proposed Adjustment for Underpayment does not automatically mean you are in trouble with the IRS. If you receive a CP2000, your tax returns may not match the income information reported on your W-2 and 1099 forms. CP2000 forms are also called under-reporter inquiries. The IRS is asking you to verify that you reported your income and deductions accurately.What Is an IRS CP2000 Letter? An IRS CP2000 notice is a form automatically generated by the IRS if it seems that the income you reported on your federal tax return doesn't match the income reported on W-2 and 1099 forms issued by third parties, including employers and organizations you did business with.When you are a W-2 ...

What To Do If You Receive IRS Notice CP90


by Dawn Allcot on November 22, 2019  0 Comment

What To Do If You Receive IRS Notice CP90
What is IRS Notice CP90? Depending on the amount you owe and how long you’ve delayed paying your tax debt, the IRS can be aggressive in its collections actions. If you receive form CP90, this is your final warning from the IRS to reach out and solve your tax problems before they levy your assets, tapping into your bank account to retrieve the money you owe.You have 30 days from the date on the letter to take action if you receive form CP90. What Should You Do If You Receive Form CP90? By the time you receive form CP90, you are probably well aware that you owe the IRS money for unpaid taxes. Perhaps you don’t have the money ...