Posts Tagged ‘currently not collectible’
Thursday, May 21st, 2009
I was just featured in CPA Magazine as one of the top 40 CPAs in the nation!
I’m really honored as I take my job very personally and it’s really great to be recognized for my work as a Certified Tax Resolution Specialist. Since 1998, I’ve helped clients with IRS problems save in excess of $40 million.
Check out the April/May 2009 issue of CPA Magazine to read about the Top
Tags: Back Taxes, certified tax resolution specialist, CPA magazine, currently not collectible, income tax relief, IRS help, IRS payment plan, irs problems, IRS tax problems, Michael Rozbruch, Offer in Compromise, tax expert, tax resolution, tax resolution expert, tax resolution services, tax settlement, Top 40 tax advisors to know during a recession
Posted in Tax news and tips | 1 Comment »
Monday, April 13th, 2009
If you can’t afford your tax bill this year, know that the IRS offers payment options for struggling taxpayers.
While individuals are urged to file their tax returns and and pay any taxes owed by April 15, the agency is aware that the economic downturn has made this difficult for many people.
Taxpayers who do not file their tax returns by the April 15 deadline may be subject to a failure-to-file penalty.
Tags: currently not collectible, delinquent tax returns, delinquent taxes, failure to file, i need tax help, Installment Agreement, IRS debt, IRS help, IRS payment plan, IRS problem solver, IRS tax problems, Michael Rozbruch, Offer in Compromise, payment plans, tax expert, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips, unfiled tax returns
Posted in Seeking Professional Tax Help, Tax news and tips, Working with the IRS | 1 Comment »
Friday, February 13th, 2009
I received an interesting newsletter from Kiplinger with a few tax tips that I wanted to share. I also encourage you tocheck out Kiplinger for the 11 most overlooked tax deductions.
And remember, if you can’t afford to pay you taxes this year, there are options like negotiating a tax settlement or a payment plan. You can also seek professional tax help so that your account is placed under “currently not
Tags: Back Taxes, common filing errors, currently not collectible, filing 2008 tax returns, filing tax returns, IRS installment agreement, IRS payment plan, Michael Rozbruch, Offer in Compromise, overlooked tax deductions, payment plans, tax expert, tax filing errors, tax problems, tax resolution expert, tax resolution services, tax settlements, Tax Tips
Posted in Tax news and tips | No Comments »
Monday, November 17th, 2008
I was recently interviewed on CNN Radio Marketplace and discussed an IRS policy that helps taxpayers who are experiencing financial hardship.
In this nation’s weak economy, a lot more taxpayers won’t have the money to shell out what they owe to Uncle Sam. If you’re in this boat and unable to pay your tax liability, you should call the IRS and work with them to have your account declared “currently
Tags: currently not collectible, hardship status, irs problems, irs tax relief, status code 530, tax advice, tax expert, tax help
Posted in Delayed IRS Collection and Currently Not Collectible St, Tax news and tips | 1 Comment »
Friday, October 31st, 2008
Times are tough right now for so many hard-working Americans. But if you can see this as a good opportunity to re-assess your situation and get the help you need with your IRS tax problems, then you might be able to turn your situation around for the better.
And you don’t have to take my word for it. Listen to what legal expert Bill Handel has to say about how our
Tags: Back Taxes, currently not collectible, delinquent tax returns, irs problems, tax evasion, tax expert, tax settlements
Posted in Delayed IRS Collection and Currently Not Collectible St, Tax Help Video | 2 Comments »
Friday, January 4th, 2008
Abatement A partial or complete cancellation of taxes, penalties or interest owed by a taxpayer.
ACS See Automated Collection System.
Automated collection System (ACS) A computerized collection process for IRS collectors to contact delinquent taxpayers by telephone and mail.
Collateral Agreement An agreement sometimes secured by the IRS prior to acceptance of an Offer in Compromise when the IRS wants to cover a future, reasonably possible event, such as a
Tags: collateral agreement, current market value, currently not collectible, delinquent return, future income, IRS penalties, Jeopardy Assessment, levies, Liens, liquidation value, Notice of Deficiency, Offer in Compromise, Penalty Abatement, Statute of Limitation, wage garnishment
Posted in Delayed IRS Collection and Currently Not Collectible St, Freedom of Information Requests, Offers in Compromise, Penalty Abatement, Statutes of Limitations – Taxpayer’s rights, Tax Help Definitions, Tax Liens and Levies, Taxpayer Advocate | 2 Comments »
Thursday, December 27th, 2007
Q: You have received a notice (CP-504) from the IRS?
Q: You owe the IRS. What if you cannot pay it all right now?
Q: What Is “Currently Not Collectible” ?
Q: What is Installment Agreements (Ias)?
Q: What is the Taxpayer Advocate Service?
Q: Who can file an Offer In Compromise?
Q: What are the requirements for an OIC?
Q: What is the most common reason for the large
Tags: CP-504, currently not collectible, deliquent taxes, Innocent Spouse, installment agreements, Offer in Compromise, Penalty Abatement, tax help, Taxpayer Advocate, temporarily uncollectible
Posted in Delayed IRS Collection and Currently Not Collectible St, Innocent Spouse, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax Problem FAQs, Tax Resolution Options and Alternatives, Taxpayer Advocate | No Comments »