Oct. 27, 2025

Does the IRS scare you? Know the ins and outs of IRS Collections

Does the IRS scare you? Know the ins and outs of IRS Collections

TaxTalk4U.com Does the IRS scare you? Know the ins and outs of IRS Collections. IRS letters and notices CP 14, CP501, CP503, CP504, CP523, CP2000, CP90. Collection Due Process Hearing (CDP) how to appeal IRS collection actions. Collection Appeals...

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Season 3

TaxTalk4U.com Does the IRS scare you? Know the ins and outs of IRS Collections.
IRS letters and notices CP 14, CP501, CP503, CP504, CP523, CP2000, CP90. Collection Due Process Hearing (CDP) how to appeal IRS collection actions. Collection Appeals program. Federal Tax Lein, Federal Tax Levy, Wage Garnishment, Income Levy, Passport Actions IRA may Revoke passports. Levy Seizure of property and what property IRS my seize. Settling IRS debt.

Tax Talk 4 U is broadcast live Mondays at 10AM ET and Music on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Tax Talk 4 U is viewed on Talk 4 TV (www.talk4tv.com).

Tax Talk 4 U Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

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WEBVTT

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The topics and opinions express in the following show are

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solely those of the hosts and their guests and not

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those of W FOURCY Radio. It's employees are affiliates. We

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make no recommendations or endorsements for radio show programs, services,

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or products mentioned on air or on our web. No

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liability explicitor implies shall be extended to W FOURCY Radio

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or its employees are affiliates. Any questions or comments should

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be directed to those show hosts. Thank you for choosing

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W FOURCY Radio.

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Barry G.

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Fouler EA brings you tax talk for you right here

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on W four CY Radio and Talk for TV. As

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an enrolled agent and a national leader in tax resolution

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as well as Trucker bookkeeping and tax planning. With over

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thirty years of experience, Barry will break down taxes, bookkeeping,

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tax planning, and tax relief for individuals and businesses just

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like you. So let's have some tax talk for you

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with your hosts.

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Barry G.

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Welcome and good morning, another great Monday.

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Man.

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We had a great weekend this weekend. My wife and

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I are celebrating our twenty fifth anniversary this year and

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the church was doing a twenty fifth anniversary jubilee, which

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was fantastic. We got to renew our vows. So we

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had a great weekend with a bunch of other couples

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and got to take some pictures with the Archbishop here

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and the dioceses of Galveston Houston. So it was actually

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a fun weekend. Really really enjoyed it. But now, you know,

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we got to get onto the scary stuff. You know, hey,

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what scares you more than an IRS letter that comes

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in those IRS and notices. You just see the envelope

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and it says Internal Revenue Service on it, and most

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people don't want to open that letter at all and

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read what the IRS is saying. You know, we know

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IRS notices is official letter communicating what problems or what

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information or potential issues changes actions that they could be

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requiring concerning your taxes. You know, receiving an IRS notice

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doesn't necessarily mean that there's a problem, but it does

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require attention to ensure compliance and avoid possible penalties and

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additional complications. So you kind of got up open that

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letter to know what's going on with the IRS. So

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what is an IRS notice and why am I receiving one?

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You know, IRS notice is simply a letter from the

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IRS notifying you something important that maybe related to your

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tax return. It sounds scary, but it sometimes it's just

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a way to keep you updated or ask for more information. Now,

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there are several possible reasons that you're going to be

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getting IRS notices. Of course, we all know you have

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a balance due, so you owe money. You filed your

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tax return and you owe them money. The IRS is

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going to send you notice of balance due. Or the

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IRS believes that you're going to owe additional tax. They'll

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send you a notice. Maybe your refund changed. Your refund

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amount could be either more or it could be less

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than what you're expecting. They're going to send you a

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notice explaining it. Then you can verify what's in the

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notice and take actions as you're supposed to. The IRS

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has a question maybe about your tax return. They need

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clarification or additional information. They're going to send you, guess what,

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a notice. Maybe the IO needs to verify your identity

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to make sure you file the return and not someone else.

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It's going to explain to you what you need to

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do and what the process is to verify your identity

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with the IRS. Now that brings up something real quick

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here is that you know, getting an identity pin is

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sometimes a great way to make sure that nobody else

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is going to be filing a tax return for you.

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When you do request that IDPIN, that change that pen

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every single year, and you get notices of it every

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single year. So I do recommend getting that id PIN

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just to keep your tax account safe with the IRS.

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The IRS will also send you notice if you have

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delays in processing your return, or delays in handling your

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tax return, or delays of processing information. So it's really

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really important that you read the notice, is careful, follow

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any instructions that are provided, and then reply to the

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address that they're providing to you. Ignoring the IRRs and

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IRS notice can lead to other enforcement actions, so it's

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just additional interest, additional penalties. So you want to make

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sure you're opening those letters and taking the appropriate action.

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Now we know again those letters are scary, and many

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people don't even open them because they're scared of what

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the IRS is going to say, and the letter itself

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isn't going to buy The letter itself isn't going to

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do anything to you. Maybe give you a paper cut,

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you know you're mishandling paper but other than that, the

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letter itself does nothing. Now, it warns you and informs you,

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it scares of the gv's out of you, but you

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know it's something that's out there that is absolutely necessary

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to start the collection process going forward. So you know

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you want to make sure again you open that letter. Now,

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when you owe the I R S, they send you

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these letters and notices. You're going to receive various notices,

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various letters with specific constructions and deadlines. So you know,

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we're going to go through some common IRS notices and

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what they mean, so that when you're sitting there opening

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that letter, you're going to see in the upper right

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hand corner it's going to have a notice and it's

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going to have a notice number. So one of the

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first notices you're going to get is a CP fourteen.

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This is one of the most common notices. It tells

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you guess what you owe money on your taxes such

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as unpaid taxes, penalties, interest, just a simple reminder to

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pay the IRS soon as possible to avoid more penalties,

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more interest. So on this notice you're going to see,

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it's going to tell you the exact amount do including

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penalties and interest, and request payment within twenty one days. Hey,

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if you can afford to pay it, pay it, get

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it done, get it over with. Stop the penalties, stop

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the interest, stop the collection notices, stop the scariness in

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your life. You know, those things right there can be

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very important. Maybe it's you know, if if you owe

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for more than just this one year, or maybe you

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owe quite a bit and you can't afford to pay it, well,

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it's time to take some kind of action. And it

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can be simple as getting an installment agreement in place.

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It could be just getting a hold in place for

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more time to get money together. Now, the hole isn't

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going to stop penalties and interest. Those are still going

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to accumulate. The only way you're going to stop those

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penalties and interest is by paying of this tax debt off.

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But if you ignore it, and then you ignore the

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CP fourteen, guess what got that right? Irs? Sense another letter?

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This is going to be a CP five oh one.

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So if you don't pay after receiving the CP fourteen,

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the I R. S Is going to send the CP

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five oh one again that that notice numbers up in

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the upper right hand corner of your notice, and again

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it's going to inform you that you have a balance

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due on one of your tax accounts. The notice indicates

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that the I R S is now actively pursuing collection

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and requires your immediate attention. This means wake up. This

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means start addressing the problem before this gets worse. This

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means put a installment agreement in place if you can

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afford it, put a hold on it. Go get a

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loan from the bank, Maybe get a loan out of

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your four oh one K. Maybe as friends and family

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to borrow some money to put this debt away so

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that you don't have to continue paying penalties and interest.

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I mean when penalties and interest continue to accrue on this,

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it becomes very, very expensive, and depending on what penalties

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you have on there, it could be adding twenty five

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to fifty percent to the debt. Because you ignored paying

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the tax, You didn't make your estimated tax payments, you

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didn't pay the tax, and when it was due on

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April fifteenth, you didn't pay it when you filed it.

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All these things continue to add to your debt and

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just makes matters worse. If you're well beyond that period,

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sometimes the penalties have stopped and now you just make

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it interest and interest continues to accrue. So what's the

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next notice that you're going to get. Hey, we're going

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to find out after this quick break.

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We have only scratched the surface of today's show. Please

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stand by as Parry Chief Dower will be right back

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with tax talk for you. If you own the IRS

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or are going through an IRS audit, don't go at

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it alone. Call Taxation Solutions Tax Relief at eight eight

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eight nine three zero one zero one six. We are

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your solution for IRS debts, audits, back taxes, garnishments, leans

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and levees. Whether you're an individual or business, you need

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a solution and a strong aggressive tax resolution. Don't let

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the IRS walk all over you. Stop the IRS now

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call eight eight eight nine three zero one zero one

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six or go to Taxationsolutions dot net now for a

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free no obligation consultation. Let's get back to tax stock

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for you with more tax stock once again, here's your host,

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Rag Fallon.

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You know the IRS is scary and dealing with the IRS.

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As a taxpayer and somebody that owes money to the IRS,

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this can be one of the scariest things in your family.

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And these notices are are there to remind you. But

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those notices can be very, very scary. So you know

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you've received the CP fourteen, you ignored it, you've gone

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beyond the twenty one days that they requested your payment.

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You receive the CP five oh one, which is the

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next letter after the CP fourteen, that again informs you

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of your balance due and that the IRS is actively

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pursuing you and your family for collections. Now that if

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that wasn't scary enough, they're going to issue another letter

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CP five before this service notice gives you a more

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urgent reminder that your tax debt remains guess what, unpaid?

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If you didn't know you missed it on the CP

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fourteen and the CP five oh one, they're gonna send

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you that CP five O three because stuck your head

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in the sand and you ignored the first two notices

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and they noticed that you guess what, didn't pay them.

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They hadn't heard from you, and you still have an

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unpaid balance on one of your tax accounts. This is

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basically your third reminder that you still owe a balance

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on your tax as if you didn't know that you

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ignored the other two and you would forget within four

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to six months, they send you this next notice. You

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know you haven't received a payment. You haven't given them

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a response. Now I'm gonna tell you responded to him.

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You called them basically, you told them you couldn't afford

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to pay. Basically told them maybe you got to figure

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out a payment plan. They told you what they mount was,

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and you said you got to think about it. They're

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still sending you of this notice. You may have replied

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to them. They're sending any of this notice. They're still

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advising you that they know that this debt is still there.

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You still owe them to get them paid. The IRS

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wants their money, and they wants it now, So don't

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ignore it. Get some activity on it, because guess what

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if you don't put a payment plan in place, maybe

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you don't put it a non collectible. Maybe you haven't

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addressed what the issue is in this and you're owing money.

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But you could fix it through maybe doing a mended return,

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maybe doing a return correctly. Maybe it's something that you

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got to fix on there. And then the IRS is wrong.

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Guess what they're hitting you with the next notice and

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this becomes your CP five oh four, your notice of

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intent to levy. This comes from Internal Revenue Code Section

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six three three one D. The notice that the IRS

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intends the levey. Now, if you don't pay this amount

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due immediately, the IRS can levy your income, your bank accounts,

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seize your property or your right to property, including your

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state income tax refunds, to pay the amount you owe

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the IRS. So did you get this? This is your

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notice of intent to levy. This is sent out as

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it's required by the Internal Revenue Code section six three

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one D. It's your final reminder telling you that the

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IRS is intending to levey. Again, not to scare you,

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but this should scare you. They're intending to levy your wages,

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your bank account, state tax refund because you still have

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that unpaid balance on your tax account. Now. It also

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is going to tell you that they're going to begin

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searching for other assets on which to issue a levy.

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So to avoid this, you've got to start a dealing

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with the amount you oh immediately now to scare you.

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You know, the IRS does levies. They levy bank account

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anything that has you're attached or if you're filed and married,

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filing jointly, your wife's attached Social Security number too. It

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so any account that you have bank I R A

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four oh one k U five twenty nine plans, five

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O three B plans, you name. It has a Social

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Security number attached to it, with your solid security number

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or wife's Solid Security number, UH, spouse's partners, whoever you're

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filing with, it's going to get levy. You have kids

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accounts and you're so security numbers on those kids accounts

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with THEIRS, those accounts can be levy. So yes, it

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should scare the gv's out here, scare you into some

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kind of action immediately, because generally you have thirty to

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forty five days and the IRS is going to levy. Now,

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what makes matters worse? If you look at these levees,

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it says right there high r s can levy your

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income W two wages. They can send the levee to

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your employer. If you're a contractor and you get ten

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00:16:23.080 --> 00:16:26.960
ninety nine income, IRS will look at everybody you're getting

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income from in the levy against potential income you're receiving

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from anybody you're doing contract work for before they pay you. Now,

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difference between getting your wage levied and your income garnish

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this contract work is wage levy has a limited amount

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that they can pull out they're trying to still leave

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you with what they consider they consider a livable wage.

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When they levy against your contract work, they're taking one

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hundred percent. They have to pay in one hundred percent

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of your income up until it satisfies that levey. So

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you've got to remember it is something you need to

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address sooner rather than later, because if you're independent contractor

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and you're working and they take one hundred percent of

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your money, it's a bit hard enough to make your

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bills meet when they're taking a percentage of your wages

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versus taking one hundred percent of your income, and then

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you've got other bills to pay, both business and personal.

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So uh, and it's hard enough when they levy your

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bank account and they take one hundred percent of your

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money out of your bank account that you then have

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to figure out how to meet your mortgage or your

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legutility bills, or your car payment, or your food bills,

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you name it, credit card payments, all these things become

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impossible when there's nothing to pay out of your bank so,

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you know, and then they're starting to look for any

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other assets that they can attach to any issue the levy.

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Now they can also the irs file it notice of

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federal tax line if they haven't already done so. And

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a lien is a public notice to your creditors that

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the IRS has a right to your interest in your

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current assets and any assets you acquire after they file

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the lien, and it can affect greatly the ability to

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get credit. You know, being able to get credits sometimes

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is very difficult when you've got tax lines on you.

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It brings your credit cards to credit scores down, and

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it makes it almost impossible to go out there and

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get a mortgage or new credit cards or any other

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kind of loan until this IRS debt is satisfied. Now,

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Also in this notice, it's going to explain the denial

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or revocation of a United States passport. So the Fixing

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America's Surface Transportation Act generally PIT prohibits the State Department

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from issuing or renewing a passport to a taxpayer with

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seriously delinkent tax debt. You can find more information on

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the IRS website about passports and stuff. But you know,

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if they pull your passport and you have to travel

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for business or work, you're not going to be able

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to travel anywhere. And I've seen some of our clients

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that have these passports and had it revoked because they

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were seriously delinkent in their tax debt and they have

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to travel for business and it affected their jobs. So

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you know, you kind of want to be aware of

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the different things the IRS can do. And these letters

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are scary, but you have to address them. Now. What

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happens if I don't pay or contact the irs? And

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those are things we're going to discuss right after this

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quick break.

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We have only scratched the surface of today's show.

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00:19:59.359 --> 00:20:03.759
Please stay as Barrygfowler will be right back with tax

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00:20:03.839 --> 00:20:09.880
talk for you. As an owner operator, you already spend

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00:20:09.880 --> 00:20:13.440
too much time away from your family. Trucker Tax Tools

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00:20:13.480 --> 00:20:15.680
handles all your bookkeeping and taxes.

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00:20:15.680 --> 00:20:17.640
No matter what level trucker you are.

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00:20:17.839 --> 00:20:21.039
Life on the road can be taxing, but that doesn't

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00:20:21.079 --> 00:20:24.440
mean that your wallet or time with your family should suffer.

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00:20:25.000 --> 00:20:28.119
Trucker Tax Tools makes your life run smoothly.

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00:20:28.680 --> 00:20:30.839
Go to Trucker Tax Tools dot com for.

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00:20:30.920 --> 00:20:33.880
A free guide that will give you the tools to

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00:20:34.319 --> 00:20:38.279
never worry about your taxes again. Call Trucker Tax Tools

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00:20:38.440 --> 00:20:42.759
eight seven seven nine sixty six two four seven seven,

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00:20:43.039 --> 00:20:46.160
or go to Trucker tax Tools dot com now and

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00:20:46.359 --> 00:20:52.599
let the experts keep you trucking. Let's get back to

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tax stock for you with more tax stock once again,

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here's your host, Barrygfower.

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You know, I know the scariness of owing the IRS

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sometimes puts people into a panic. Sometimes it shuts people down.

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Sometimes they just stick their head in the sand and

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hope it's just going to go away. IRS doesn't go

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away on their own. Yeah, it may seem like the

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IRS is a little bit slow in collection activities today,

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but part of that has to do with government shutdown.

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Part of that has to do with knowing where the

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economy is. But if they see that you're making money,

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and they see that you've got the wherewithal the potentially

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in their opinion, to pay, they're coming after you. Sticking

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your head in the sand or ignoring the IRS doesn't work.

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You know, we've talked quite a bit about the letters

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and some of the things that they can do when

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you don't contact them when you don't pay. But if

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you know, if you don't pay the amount due to

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the I R S within the timeframe of the notice

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or immediately, or make payment arrangements and they file the

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notice of Federal tax lean, you know that publicly establishes

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priority with your creditors. And if the tax liane's in

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place again, it's going to make it difficult to sell

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or borrow against your property. The tax line is going

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to greatly affect your ability to get credit, and of

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course it's going to harm your credit ratings. And then,

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of course the IRS can seize levy state tax refunds

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to which you would be entitled if there's still balance

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is due. After they seize your state tax refund and

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take any federal tax refunds that you got coming in,

351
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they're going to send you a notice of a right

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to a hearing before the IRS Independent Office of Appeals.

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If you haven't got such notice already, you would probably

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be getting one shortly. They can also then seize or

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take possession of your other property or rights to property,

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which you know includes wages, real estate commissions and other income,

357
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bank accounts, business assets, personal assets including your car, your home.

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They can even levy against your Social Security benefits. Now,

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if you don't believe me that the IRS will take

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people's homes, business assets, cars, you can actually go to

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the US Department Treasury and look on their website. They

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have a auction place where they auction off assets so

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that they have acquired or taken from taxpayers to satisfy

364
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their tax debt. We had a revenue officer who really

365
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going after one of our clients. Now, unfortunately for our

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client and our client did everything they could to drag

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their feet. They were not making anything easy. They broke

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three or four different agreements with the IRS. This revenue

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officer resorted several times into levying their bank accounts. Unfortunately

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for our client, they decided they would stick their head

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in the sand, they would ignore things. We actually had

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them set up on an offering compromise and within months

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they broke the offering compromise by choice. Now why, we

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don't know. We couldn't get the answer. We told our

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client point blank, they continue to do this. One, we

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can't represent you because we're not going to continue to

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go down this route. Two, they are going to take

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the assets. They agreed with us. They were going to

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actually sell their home themselves put it up on the market. First,

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they put it up on unreason no price. Second, they

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00:25:01.759 --> 00:25:06.960
finally got a reasonable offer and that they agreed to

382
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the price and had to sign contract. IRS agreed they

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would take this money in an offer and be the

384
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settlement for their debt, and the client decided they weren't

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going to go through with the sale. IRS went and

386
00:25:21.599 --> 00:25:23.759
took their home. Nothing we could do about it. We

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00:25:23.799 --> 00:25:26.160
even told the client at this point, we can't represent

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you because you have done everything to fight us to

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00:25:30.359 --> 00:25:34.559
find ways to help you settle your tax debt and

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get the resolution you needed for your life. So you know,

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you got to be wary of what you're doing when

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you're dealing with the IRS. Now. We always recommend if

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you have an IRS problem, get help. Call Taxation Solutions,

394
00:25:50.200 --> 00:25:53.799
tax Relief, Taxation Solutions dot Net. Call eight eight eight

395
00:25:53.880 --> 00:25:57.000
nine three zero one zero one six again eight eight

396
00:25:57.119 --> 00:26:00.839
eight nine three zero one zero one six get the

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00:26:00.839 --> 00:26:06.119
help that you need today to resolve your tax problem.

398
00:26:06.519 --> 00:26:12.039
So get a resolution, do something to help yourself, settle

399
00:26:12.400 --> 00:26:15.880
your tax debt and set this behind you. Some of

400
00:26:15.920 --> 00:26:18.480
the other notices that you're going to get is you're

401
00:26:18.519 --> 00:26:20.519
going to get something like a CP five two three.

402
00:26:20.960 --> 00:26:24.079
If you receive the five two three, five two three

403
00:26:24.279 --> 00:26:28.200
SP or sixty two three notice, the IRS is informing

404
00:26:28.240 --> 00:26:32.160
you of an intent to terminate an installment agreement and

405
00:26:32.480 --> 00:26:37.319
seize or levy your assets because you have defaulted. Now

406
00:26:37.359 --> 00:26:39.400
you've got a little bit of time. You should be

407
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contacting the IRS as soon as possible, but no later

408
00:26:42.880 --> 00:26:46.799
than thirty days from the date of the notice. The

409
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other notice you can be getting as a CP ninety.

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Now remember that notice is CP ninety or any other

411
00:26:53.599 --> 00:26:55.440
notice is going to be in an upper writing corner

412
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of it. It's going to say notice number. You can

413
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actually look up some of the notice numbers on the

414
00:27:00.759 --> 00:27:04.160
IRS website and see what some of the meeting is

415
00:27:04.200 --> 00:27:06.599
behind it and how much time you would have to

416
00:27:06.640 --> 00:27:10.920
possibly respond. But the CP ninety notice is similar to

417
00:27:10.960 --> 00:27:14.200
the five to two three. It warns that the IRS

418
00:27:14.240 --> 00:27:17.400
plans to take action to collect what you owe, such

419
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as seizing property, and you usually have thirty days to

420
00:27:21.119 --> 00:27:25.680
resolve the issue before they take any action. They do

421
00:27:25.880 --> 00:27:30.759
intend to levy certain assets for unpaid taxes, and that's

422
00:27:30.759 --> 00:27:34.160
what they're informing you of and informing you right to

423
00:27:34.440 --> 00:27:37.839
a collection due process hearing, and we're going to go

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through the collection due process hearing here in just a minute.

425
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It is something that you need to know of and

426
00:27:46.960 --> 00:27:51.720
it's a way of addressing IRS problems. Another notice that

427
00:27:51.759 --> 00:27:55.960
you're going to receive as well is letter ten fifty eight.

428
00:27:56.519 --> 00:27:59.480
It's a final notice of intent to levy and you're

429
00:27:59.599 --> 00:28:05.000
right to a hearing. It informs you that the IRS

430
00:28:05.440 --> 00:28:10.000
is going to levy your assets, wages, bank accounts, business assets.

431
00:28:10.440 --> 00:28:14.839
See do you notice what the IRS is continuing do

432
00:28:15.599 --> 00:28:19.880
telling you here is what we are going to do

433
00:28:20.359 --> 00:28:25.039
to collect the debt that they are owed because you're

434
00:28:25.119 --> 00:28:30.000
not addressing the tax debt problem. It gives you thirty

435
00:28:30.079 --> 00:28:35.200
days to figure out what you're going to do. You

436
00:28:35.200 --> 00:28:38.680
have thirty days from this notice to request a hearing

437
00:28:39.240 --> 00:28:44.720
to help explorer collection alternatives, or given appeal the proposed

438
00:28:45.079 --> 00:28:49.160
levy action. You know your letter thirty one seventy two

439
00:28:49.599 --> 00:28:53.480
notice a federal tax lane filing, and again your right

440
00:28:53.839 --> 00:28:58.480
to a hearing, so you know, gives you the right

441
00:28:58.559 --> 00:29:04.920
for appealing the lien discuss payment options. This is not

442
00:29:05.000 --> 00:29:07.319
a notice of proposed lien, but a notice of a

443
00:29:07.400 --> 00:29:13.279
lien that has already been filed with your local county recorder.

444
00:29:13.920 --> 00:29:18.200
It puts the whole world on notice of your unpaid

445
00:29:18.319 --> 00:29:21.319
tax balances, and guess what. Not only do you start

446
00:29:21.359 --> 00:29:24.599
receiving those notices, but now you're going to be receiving

447
00:29:24.640 --> 00:29:28.400
notices from different tax firms saying hey, you have this

448
00:29:28.720 --> 00:29:32.960
lian on you on your property. Some of those are

449
00:29:33.000 --> 00:29:37.640
some advertising scans scams you're going to get possibly phone

450
00:29:37.640 --> 00:29:41.880
calls off of those liens as well. So it's best

451
00:29:41.880 --> 00:29:44.160
to start taking care of the tax problem with a

452
00:29:44.240 --> 00:29:49.240
reputable tax firm like Taxation Solutions dot Net, tax Relief

453
00:29:49.759 --> 00:29:54.480
and a dealing with your tax problem here today before

454
00:29:54.519 --> 00:29:58.640
it gets worse. Now, the IRS gives you ways of

455
00:29:59.160 --> 00:30:04.000
dealing with this, especially if you disagree with the notice

456
00:30:04.400 --> 00:30:07.839
and that is requesting a collection due process hearing. We're

457
00:30:07.839 --> 00:30:10.920
going to go through collection, do process hearings and how

458
00:30:10.960 --> 00:30:12.640
to request it right after the.

459
00:30:12.599 --> 00:30:16.880
Short break, we have only scratched the surface of today's show.

460
00:30:17.480 --> 00:30:20.799
Please stand by as Barry G. Fowler will be right

461
00:30:20.839 --> 00:30:26.720
back with tax talk for you. As an owner operator,

462
00:30:26.920 --> 00:30:29.759
you already spend too much time away from your family.

463
00:30:30.319 --> 00:30:34.319
Stop spending time doing paperwork. Go to Trucker tax tools

464
00:30:34.319 --> 00:30:39.079
dot com, a solution built specifically for truckers. Trucker tax

465
00:30:39.119 --> 00:30:45.440
Tools dot Com makes your life run smoothly. Let's get

466
00:30:45.480 --> 00:30:48.519
back to tax stock for you with more tax stock

467
00:30:49.079 --> 00:30:52.680
once again, here's your host, Barrygfowler.

468
00:30:55.759 --> 00:30:59.079
Okay, so you disagree with all the notices the IRS

469
00:30:59.079 --> 00:31:02.119
has sent you. Yeah, we all disagree with notices and't

470
00:31:02.160 --> 00:31:04.680
being taxed, and we all feel we're taxed too much,

471
00:31:05.200 --> 00:31:09.720
or maybe you feel like taxes were never approved or

472
00:31:09.880 --> 00:31:14.200
validated and out of the constitutional Those things don't matter,

473
00:31:14.799 --> 00:31:21.640
really don't, But you have good grounds. Let's say that

474
00:31:21.960 --> 00:31:26.119
you've paid it. Let's say the IRS was absolutely wrong

475
00:31:26.599 --> 00:31:30.279
in assessing this balance and you could get no action

476
00:31:30.640 --> 00:31:33.160
on anything that you fil Now you can go to

477
00:31:33.240 --> 00:31:35.759
taxpayer Advocate. You can file a Form nine to one

478
00:31:35.880 --> 00:31:38.880
one and ask for them their help, and they will

479
00:31:38.920 --> 00:31:42.279
give you some help on trying to resolve some of

480
00:31:42.319 --> 00:31:45.319
the issues that you may be having. But you can also,

481
00:31:45.960 --> 00:31:50.000
when you're disagreeing with that notice for cause, request a

482
00:31:50.079 --> 00:31:55.160
collection due process hearing using Form one two one five

483
00:31:55.319 --> 00:31:59.039
three Form one two one five to three to request

484
00:31:59.160 --> 00:32:04.920
a collection process or equivalent hearing. Now, why should I

485
00:32:05.039 --> 00:32:09.599
request a collection due process hearing? Well? CDP hearing. Collection

486
00:32:09.680 --> 00:32:13.160
due process gives you the opportunity to appeal the intent

487
00:32:13.200 --> 00:32:16.279
to levy and address any other issues you may have

488
00:32:16.400 --> 00:32:20.400
with your tax situation. Now, you've got to understand what

489
00:32:20.440 --> 00:32:24.240
your CDP rights are. So when you receive a final

490
00:32:24.279 --> 00:32:26.960
notice of intent to levy ten P fifty eight notice

491
00:32:26.960 --> 00:32:30.200
the Federal Tax Lane thirty one seventy two. You have

492
00:32:30.319 --> 00:32:34.880
important rights under this CDP process, and the CDP procedures

493
00:32:35.039 --> 00:32:38.119
gives you a safeguard that is put in place by

494
00:32:38.160 --> 00:32:41.039
Congress that requires the IRS to follow a set of

495
00:32:41.119 --> 00:32:47.400
procedures to ensure you, as a taxpayer, have protections when

496
00:32:47.440 --> 00:32:54.200
facing IRS levey and actions. That includes the right to

497
00:32:55.119 --> 00:32:59.079
have the CDP hearing within thirty days of the notice,

498
00:32:59.519 --> 00:33:03.759
the opportunity propose alternative payment arrangements such as an installment

499
00:33:03.839 --> 00:33:08.680
agreement or offering compromise, maybe even a partial pay installment agreement.

500
00:33:08.839 --> 00:33:11.960
It also gives you the ability to dispute the underlying

501
00:33:12.079 --> 00:33:16.279
tax liability in certain circumstances. It's going to give you

502
00:33:16.400 --> 00:33:20.759
the right to a judicial review in tax court if

503
00:33:20.799 --> 00:33:25.960
you disagree with the hearing determination. Now, during the CDP hearing,

504
00:33:26.079 --> 00:33:31.640
you're going to have the IRS's quote unquote independent Office

505
00:33:31.839 --> 00:33:36.839
of Appeals, and they're going to verify that all legal

506
00:33:37.000 --> 00:33:40.680
procedural requirements have been met. Did they send out the

507
00:33:40.799 --> 00:33:45.720
notices properly? Did they give them all within the proper timing? Now,

508
00:33:45.799 --> 00:33:47.799
just because you didn't receive the notice because you didn't

509
00:33:47.839 --> 00:33:51.480
go pick up the certified letter from the post office. Well,

510
00:33:51.640 --> 00:33:54.680
it's constructive receipt when it hit the post office, so

511
00:33:54.759 --> 00:33:57.839
you did receive it even if you didn't pick it up.

512
00:33:58.759 --> 00:34:03.559
It's going to consider any legitimate issues raised about the

513
00:34:03.559 --> 00:34:08.000
collection action. They're going to evaluate whether the proposed collection

514
00:34:08.199 --> 00:34:12.760
action balances the government's need to collect taxes with legitimate

515
00:34:12.840 --> 00:34:17.199
concern that it'd be no more intrusive than necessary. They're

516
00:34:17.239 --> 00:34:21.920
trying to collect almost everything they'd done has been necessary.

517
00:34:22.239 --> 00:34:27.320
Now you are allowed to represent yourself at an appeal hearing. However,

518
00:34:27.519 --> 00:34:31.239
we do recommend you have a good tax attorney or

519
00:34:31.280 --> 00:34:35.119
old agent somebody there to help you bring a better

520
00:34:35.239 --> 00:34:39.679
understanding and knowledge of how to present information and evidence

521
00:34:39.920 --> 00:34:47.119
to this feel hearing. You know, it becomes strategically important

522
00:34:47.320 --> 00:34:49.960
when you're in a CDP hearing to know what you're

523
00:34:50.000 --> 00:34:54.760
doing and how to do it, just like approaching how

524
00:34:54.800 --> 00:35:00.639
to read and understand your IRS notices. Having that understanding

525
00:35:00.639 --> 00:35:05.719
and having the professional qualifications is the same as hiring

526
00:35:05.760 --> 00:35:09.480
somebody like a master electrician to come in and redo

527
00:35:09.960 --> 00:35:13.079
electrical wiring in your house. You don't want to approach

528
00:35:13.119 --> 00:35:15.360
that yourself, because if you do it wrong, house burns

529
00:35:15.400 --> 00:35:18.480
down and you've got bigger problems. That's the same way

530
00:35:18.559 --> 00:35:21.760
of approaching sometimes dealing with the IRS, whether it's an

531
00:35:21.800 --> 00:35:26.800
appeal hearing, or even just dealing with the IRS letters.

532
00:35:27.239 --> 00:35:30.440
Now let's back up. Let's talk about how I should

533
00:35:30.639 --> 00:35:34.199
approach the IRS notices and letters that are being sent.

534
00:35:34.639 --> 00:35:38.719
Reading and understanding an IRS notice. So when you receive

535
00:35:38.760 --> 00:35:43.519
that IRS notice, it's important to approach it methodically, ensure

536
00:35:43.559 --> 00:35:46.800
that you understand the issue and take the appropriate actions.

537
00:35:47.280 --> 00:35:51.880
So what should you do? First? Read read the notice?

538
00:35:52.320 --> 00:35:56.199
Carefully identify the notice type like we talked about all

539
00:35:56.199 --> 00:36:00.719
the numbers or right hand corner has a notice, identify

540
00:36:00.960 --> 00:36:05.400
fire it's going to say CP fourteen ZP five oh one.

541
00:36:05.920 --> 00:36:10.719
Understand the reason. The notice often explains the reasons like

542
00:36:10.800 --> 00:36:15.199
the balance to return changes. Request for additional information verifying

543
00:36:15.239 --> 00:36:20.239
identify identity. Step two, compare with your records. Review your

544
00:36:20.280 --> 00:36:25.280
tax return, check your original return for discrepancies, check supporting documentation.

545
00:36:25.840 --> 00:36:29.079
Verify the notice details with W two's ten ninety nine

546
00:36:29.320 --> 00:36:35.760
other records. Step three determine the required action, follow the insurrections,

547
00:36:36.519 --> 00:36:42.079
respond as directed, providing documents making payments, contacting the IRS,

548
00:36:42.280 --> 00:36:48.079
meet those deadlines, act promptly to avoid penalties or loss

549
00:36:48.079 --> 00:36:52.400
of appeal rights. Step four payment options. Pay what you can.

550
00:36:52.800 --> 00:36:57.079
If you owe, pay as much as possible. Explore IRS

551
00:36:57.079 --> 00:37:02.599
payment plans if needed. Five Now, if you're trying to

552
00:37:02.599 --> 00:37:05.920
do it, and do it yourself. Step five is contacting

553
00:37:05.960 --> 00:37:08.599
the I R S if necessary. I think. Step five

554
00:37:08.719 --> 00:37:12.320
is calling Taxation Solutions tax relief at eight eight eight

555
00:37:12.440 --> 00:37:16.239
nine three zero one zero one six, Get us involved,

556
00:37:16.320 --> 00:37:20.320
let us stop the IRS, whatever the reason, whether it's

557
00:37:20.360 --> 00:37:24.719
clarifying doubts, and if you are going to do it yourself,

558
00:37:24.840 --> 00:37:28.119
call the number on the notice for assistance. If you

559
00:37:28.199 --> 00:37:32.480
get suspicious notice. If fraud suspected, contact the I R

560
00:37:32.639 --> 00:37:37.920
S or use the I R s Isshing Reporting line

561
00:37:38.519 --> 00:37:44.280
or reporting page and report suspicious activities. Steps six. Keep

562
00:37:44.280 --> 00:37:47.800
your documents, get your documents in order, save the notices,

563
00:37:48.000 --> 00:37:53.800
your responses, save the resporting supporting documents for future reference.

564
00:37:55.199 --> 00:37:59.880
I'm gonna tell you by carefully reading, comparing records, rep

565
00:38:00.079 --> 00:38:07.960
bonding timely appropriately to an IRS notice letter, you can

566
00:38:08.079 --> 00:38:15.199
resolve issues efficiently and avoid further complications. Getting taxation solutions

567
00:38:15.280 --> 00:38:20.599
tax relief involved assists you helps you steps into your

568
00:38:20.920 --> 00:38:26.000
boots to provide the assistance to make sure that somebody

569
00:38:26.079 --> 00:38:31.239
is there on your side, comparing records, responding appropriately, responding

570
00:38:31.480 --> 00:38:37.960
timely to IRS notices to resolve your issues efficiently and

571
00:38:38.119 --> 00:38:43.840
avoid that further complication. Now you ignore the letters, you

572
00:38:43.880 --> 00:38:48.960
ignore the notices. The IRS notices that you receive can

573
00:38:49.000 --> 00:38:55.000
be extremely intimidating, but it can lead to severe consequences.

574
00:38:55.559 --> 00:39:00.639
Take the appropriate action avoid the problems escalating. Maybe you

575
00:39:00.679 --> 00:39:04.440
can avoid you a crull of interest in penalties because

576
00:39:04.440 --> 00:39:07.840
they're going to add interesting penalties to every amount you owe.

577
00:39:08.199 --> 00:39:13.400
These taxes and charges of penalties and interests can make

578
00:39:13.519 --> 00:39:18.039
the debt grow quickly, make it much higher than it

579
00:39:18.079 --> 00:39:23.639
originally was. In ignoring those notices, this means that you're

580
00:39:23.639 --> 00:39:28.400
going to have extremely extra costs. You have the power

581
00:39:28.960 --> 00:39:32.719
to take action. You have the power to get somebody

582
00:39:32.760 --> 00:39:36.719
on your side to represent you. That's going to be

583
00:39:37.719 --> 00:39:41.280
the people that fight against the IRS. And whether it's

584
00:39:41.320 --> 00:39:46.800
taxation solutions, tax relief, taxationsolutions, dot net or somebody else,

585
00:39:47.360 --> 00:39:52.559
get a qualified enrolled agent in place to deal with

586
00:39:52.639 --> 00:39:57.679
the IRS today and now, hey, back taxes is hard.

587
00:39:58.199 --> 00:40:01.000
Call taxation solutions, tax reallyf if at eight eight eight

588
00:40:01.119 --> 00:40:04.480
nine three zero one zero one six in eight eight

589
00:40:04.480 --> 00:40:07.679
eight nine three zero one zero one six. Hey, we

590
00:40:07.800 --> 00:40:10.039
brought a lot of information here to you. We brought

591
00:40:10.079 --> 00:40:12.400
a lot of things to help you deal with the

592
00:40:12.440 --> 00:40:15.440
IRS and deal with your tax problem. And that's what

593
00:40:15.480 --> 00:40:18.119
we do here in Tax Talk for You. Don't miss

594
00:40:18.159 --> 00:40:21.960
an episode of our show. Go to tax Talk number

595
00:40:22.000 --> 00:40:26.199
four the letter you dot com and follow us there,

596
00:40:26.760 --> 00:40:29.639
or follow us on Facebook. Go look us up at

597
00:40:29.639 --> 00:40:33.599
tax Talk for You and be here every Monday at

598
00:40:33.599 --> 00:40:38.320
ten am Eastern time on W four CY Radio W

599
00:40:38.440 --> 00:40:42.400
four cy dot com. Don't don't miss these shows. We're

600
00:40:42.440 --> 00:40:44.880
going to continue to bring you information to help you

601
00:40:45.239 --> 00:40:48.480
deal with the scariness of the I R S, the

602
00:40:48.519 --> 00:40:53.840
scariness of resolving tax issues, maybe audits. Maybe it's just

603
00:40:53.920 --> 00:40:56.880
trying to find ways to lower those taxes and prevent

604
00:40:57.000 --> 00:41:00.760
paying as much money on taxes. Maybe it's finding ways

605
00:41:00.840 --> 00:41:04.239
to get through the system, keep more money in your

606
00:41:04.239 --> 00:41:06.599
pocket and pay less than taxes. And that's what we

607
00:41:06.679 --> 00:41:10.840
do again. Tune in here Monday's ten am Eastern time,

608
00:41:11.039 --> 00:41:15.760
W four CY dot com, W four CY Radio Here

609
00:41:15.800 --> 00:41:20.599
at tax Talk for You. Go to tax Talk number four,

610
00:41:20.800 --> 00:41:24.840
Letter you dot com. But whatever you do, be here Monday.

611
00:41:24.880 --> 00:41:28.559
Come with your armed with questions. We'll answer those questions

612
00:41:28.679 --> 00:41:32.440
right here during the show for you. Have a great week,

613
00:41:32.519 --> 00:41:37.960
have a god blessed, glorious week. Enjoy this wonderful day

614
00:41:38.159 --> 00:41:42.079
that we have set forward with us. Stop the irs

615
00:41:42.119 --> 00:41:46.760
now call Taxation Solutions at Taxation Solutions dot nev. We'll

616
00:41:46.760 --> 00:41:48.760
see you next week. Have a god bless week.

617
00:41:49.760 --> 00:41:52.920
Are you an individual or business that wants to understand

618
00:41:53.000 --> 00:41:56.360
taxes and how they affect you? Are you looking for

619
00:41:56.440 --> 00:42:01.840
specific tax advice for self employed businessusiness owners and truckers.

620
00:42:02.400 --> 00:42:06.480
Are you behind on taxes and your bookkeeping? Are you

621
00:42:06.599 --> 00:42:10.599
dealing with dirs and ready to have some relief? Then

622
00:42:10.679 --> 00:42:14.320
you need Tax Talk for You, hosted by tax and

623
00:42:14.440 --> 00:42:16.440
trucker expert Barry g.

624
00:42:16.719 --> 00:42:17.920
Fouer EA.

625
00:42:17.960 --> 00:42:21.800
Tune in ten am Eastern Time every Monday right here

626
00:42:21.840 --> 00:42:24.679
on W four CY Radio and Talk for TV.

627
00:42:25.079 --> 00:42:26.360
Don't forget to check.

628
00:42:26.239 --> 00:42:31.079
This and past episodes at tax TALKFORU dot com. See

629
00:42:31.079 --> 00:42:36.119
you next week at W four cy dot com.