TAX NOTICE CP88 – The IRS Still Hasn’t Received Your Form 1040

Unfiled Taxes, Back Tax Relief, Small Business Tax Preparation


Your refund for a particular tax year is being held. You did not file a tax return for a prior year, and the IRS thinks you will owe taxes for that year.


If you miss the deadline: The IRS may figure your tax for you for the unfiled year. Penalties and interest will apply. Your refund will be held and may be applied to any balance resulting from the unfiled year.


Notice CP88
The IRS uses Notice CP88 to inform you they are holding your tax refund until you file. This is essentially the same Notice as the CP63. The IRS believes you owe taxes or they would not have sent Notice CP88.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?


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Confusion over Notice CP88
A lot of times, people believe that they did file but the IRS says otherwise. If you have the certified mailing receipt showing the IRS stamp then you can argue about the filing date and there is a procedure for doing that. But, absent the mailing receipt, it is usually better to just re-file than argue. It isn't going to make a lot of difference in the final outcome & they must be filed anyway. However, since you are filing an original return you are allowed to go through your records and find more deductions before filing!

GET TAX RELIEF HELP TODAY


If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.


Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.


Advance Tax Relief is rated one of the best tax relief companies nationwide.


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TAX RETURN NOTICE CP518 - FILE YOUR TAX RETURN

The IRS has not received a response from previous attempts to contact you about past-due returns. A response is required.

IRS Notice CP518
Type of notice: Late return
Likely next step: Address unfiled tax returns

Why you received IRS Notice CP518 - You did not file a tax return by the due date.

The IRS sent you notices requesting that you file a tax return, but the IRS did not get a response.
Notice deadline: Not specified

If you miss the deadline: The IRS may prepare a return for you with the information the IRS has from employers, banks, and other payers. Penalty and interest charges will accrue on any unpaid balance the IRS thinks you owe. If you are owed a refund for the current tax year, or any prior year, it may be delayed because of your unfiled return.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

The IRS uses Notice CP518 to ask you to contact them immediately because your tax return is overdue. They usually only request tax returns if they think you owe. You might also receive a CP518 if you filed an extension but then later didn't file or if you had home mortgage interest but no income (the IRS wonders where you got the money).

Notice CP518B is sent to Businesses requesting that certain returns be filed. The problem businesses face is that the IRS penalties are so enormous that it is virtually impossible to extricate the business from the IRS grip.

Confusion about Notice CP518
You may believe that you did file but the IRS denies it. If you have the certified mailing receipt or overnight mailing label then you can argue about the filing date and there is a procedure for this. But, unless you have this evidence, it is usually better to just re-file than argue. However, since you are filing an original return you have the opportunity to gather your records and find more deductions!

Some of the tax years may not require returns. If returns are due they must be constructed and prepared with all advantage to you - the truth is the goal. Many people have lost some or all of their documents. We are masters at finding lost evidence from old records. See Lost Documents.

This IRS action is NOT an audit & you probably won't be audited. The IRS simply wants the returns. But, since they think you owe you must be careful, not rash.

Because of the procedural and legal issues, it is not always wise to rush & file a return. We need to get the IRS file and create an Action Plan for your specific situation.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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The IRS has not received a response from previous attempts to contact you about past-due returns. A response is required.

IRS Notice CP518
Type of notice: Late return
Likely next step: Address unfiled tax returns

Why you received IRS Notice CP518 - You did not file a tax return by the due date.

The IRS sent you notices requesting that you file a tax return, but the IRS did not get a response.
Notice deadline: Not specified

If you miss the deadline: The IRS may prepare a return for you with the information the IRS has from employers, banks, and other payers. Penalty and interest charges will accrue on any unpaid balance the IRS thinks you owe. If you are owed a refund for the current tax year, or any prior year, it may be delayed because of your unfiled return.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

The IRS uses Notice CP518 to ask you to contact them immediately because your tax return is overdue. They usually only request tax returns if they think you owe. You might also receive a CP518 if you filed an extension but then later didn't file or if you had home mortgage interest but no income (the IRS wonders where you got the money).

Notice CP518B is sent to Businesses requesting that certain returns be filed. The problem businesses face is that the IRS penalties are so enormous that it is virtually impossible to extricate the business from the IRS grip.


Confusion about Notice CP518
You may believe that you did file but the IRS denies it. If you have the certified mailing receipt or overnight mailing label then you can argue about the filing date and there is a procedure for this. But, unless you have this evidence, it is usually better to just re-file than argue. However, since you are filing an original return you have the opportunity to gather your records and find more deductions!

Some of the tax years may not require returns. If returns are due they must be constructed and prepared with all advantage to you - the truth is the goal. Many people have lost some or all of their documents. We are masters at finding lost evidence from old records. See Lost Documents.

This IRS action is NOT an audit & you probably won't be audited. The IRS simply wants the returns. But, since they think you owe you must be careful, not rash.

Because of the procedural and legal issues, it is not always wise to rush & file a return. We need to get the IRS file and create an Action Plan for your specific situation.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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HOW TO DEAL WITH UNFILED TAX RETURNS AND GET BACK TAX HELP

Unfiled tax returns are a serious offense in the eyes of the IRS, and can lead to mounting debt as back taxes and fines pile up. The IRS will not stop the collections process until all unfiled tax returns have been filed, and you have paid back all money due. If you continue to fail to file your taxes, the IRS will place a levy on your wages.

The IRS knows you haven't filed

If you have unfiled tax returns, the best way to stay out of trouble with the IRS is to immediately file your back taxes. Think that the IRS doesn't notice your unfiled tax returns? Think again. Even if it's been years since the unfiled taxes, the IRS can notify you at any time that they know and are ready to aggressively pursue back tax payments.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

File for yourself before the IRS can file for you

When you fail to act before the IRS does, they will file a substitute for return (SFR) for you. An SFR is based on the IRS's best guess of your income, and will have penalties and fines tacked onto your tax bill. There is no chance for deductions on an SFR, so it makes sense to file your back taxes before the IRS has a chance to file an SFR for you.

Unfiled tax returns are a crime

Unfiled tax returns have criminal consequences, as well. If you fail to file, you can be sure that the IRS will eventually criminally prosecute you. Claiming an inability to pay for your tax bill is unacceptable to the IRS; they will assess fines and penalties on top of what you originally owed if you fail to file your tax return.

Were you owed a refund?

Were you owed a refund in a year that you had unfiled tax returns? After the three year statute of limitations, the U.S. Treasury retains ownership of your refund, and overpayments cannot be applied to other years. In other words, failing to file taxes will never make your situation better, only worse.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more.

Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.
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DID YOU RECEIVE TAX NOTICE CP80 – We Havn’t Received Your Tax Return

The IRS has received a payment for the tax year in question, but did not receive a return. You may be due a refund.

IRS Notice CP80 - The IRS Hasn't Received Your Tax Return
Type of Notice: Late return

Likely next step: Address unfiled tax returns
Why you received IRS Notice CP80

You had taxes withheld from your pay or you made estimated tax payments.
You did not file a tax return by the due date.

The IRS sent CP80 to notify you that you have credits to your tax account. If there is a refund due for that tax year you will lose it, if the return is not filed within three years of the date the return was due.

Notice deadline: Three years from the date the return was due.
If you miss the deadline: You will not receive a refund for this tax year, even if you file the tax return.

It is critically important to know your rights before interacting with the IRS.

Why did I receive a CP80 Notice or CP080 Notice from the IRS?

If you have received a CP80 Notice or CP080 Notice from the IRS, it is usually because the IRS is informing you that even though it has not received a tax return from you for the tax period indicated on the notice, it has made credits to your tax account, including crediting tax payments.

This could affect any Income Tax Audits & Appeals that you are involved in, as well as IRS Tax Litigation or Tax Collections actions.

Whenever you receive a CP80 Notice or CP080 Notice, you should:

Read the CP80 Notice or CP080 Notice carefully, especially the amount of the credit the IRS has applied toward your tax account.

If you filed a tax return for the year that is the subject of the CP80 Notice, attempt to determine why the IRS has no record of it and what you should do to ensure that the IRS receives a copy of the return as quickly as possible.

If you did not file a return, determine whether you have a filing obligation for the year in question. If you’re not sure whether you have a filing obligation or not, consult a tax professional like the ones at www.advancetaxrelief.com  who can also assist you in preparing the necessary return(s) if you feel you need such assistance.

If you determine that you do not have a filing obligation for the year in question, determine whether the costs associated with filing a return are less than the amount of the credit you are entitled to receive as a refund.

Determine whether you can or should request that the credit be applied to another tax form, tax period, or taxpayer identification number.

Be sure to take action quickly so that you can make informed decisions and take all appropriate action before the applicable statute of limitations expires.
Answers to Frequently Asked Questions:

WHAT SHOULD I DO IF I DID FILE THE TAX RETURN THAT THE IRS SAYS IT NEVER RECEIVED?

Locate your copy of the return and any evidence of its transmission to the IRS, such as a receipt from the U.S. Post Office. Although the IRS may request that you submit a newly-signed and dated copy of the return to it, it may be wise to consult with a tax professional before doing so to evaluate whether doing this is necessary and/or prudent.

HOW LONG DO I HAVE TO FILE A TAX RETURN CLAIMING A REFUND?

Generally, in order to receive a refund, you must file a tax return within three years of the date (including extensions) the return requesting a refund was due. The IRS will not issue refunds for tax returns that are filed more than three years after they were due.

The following images are an example of what an IRS Tax Notice CP80 actually looks like.
This sample notice is for example purposes only. The case facts and figures on your notice will vary according to the specifics of your case.

GET TAX RELIEF HELP TODAY

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

#TaxDebtHelp #TaxRelief  #TaxAttorneys  #SmallBusinessTaxPreparation

IRS Notice LT26 – THE IRS STILL HASN'T RECEIVED YOUR TAX RETURN

Type of Notice: Late return
Likely next step: File a return

Why you received IRS Notice LT26

The IRS did not receive a tax return from you by the due date.
The IRS sent previous notices to you requesting an unfiled tax return but did not receive a response.

Notice LT26 was sent to notify you have 10 days to file the return. If you do not file the return for the tax year shown on the notice, the IRS may file one for you based on income information reported to the IRS by third parties.

Notice deadline: 10 days

If you miss the deadline: The IRS may figure your tax for you for the unfiled year. Penalties and interest will apply.

What if I already filed the returns?
If you filed the returns more than 10 weeks ago, send the IRS a signed copy.

Do I have to file if I'm due a refund?
Based on your income and other factors, you may still be required to file even if you’re due a refund. Also, to receive the refund, you must file a delinquent return within three years from the original return due date, or within two years from the date you full paid the tax, whichever is later.

What this letter is about?
We previously contacted you to file your federal tax returns, but we didn’t receive a response. You must file your tax returns immediately.

GET TAX RELIEF HELP TODAY

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more.

Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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WHAT YOU NEED TO UNDERSTAND ABOUT FILING LATE TAX RETURNS

  Back Tax Returns, Tax Preparation Near Me, Small Business Tax Returns


About Unfiled Tax Returns
Our income tax system is a self-assessment system. This means that the government relies on you as a taxpayer to identify and compute your tax liabilities and to self-assess your own taxes by reporting this information to the IRS. Not only does the IRS expect you to do this accurately, it also expects you to do so timely.


Tax returns have due dates. Many of these dates can be extended by filing a simple application, such as the Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. The filing date can also be extended if you were out of the country, were unable to manage your finances, etc. These exceptions should be considered if you have unfiled tax returns.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

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It should also be noted that there are rules for determining when an unfiled tax return is received. WIth these rules, not all late-filed tax returns are actually late. To be late, the return has to be mailed late. It does not matter when the IRS actually received the tax return. This concept is found in the timely mailing rule. This rule generally says that the tax return is timely if it is mailed to the IRS timely, even if the IRS does not receive the tax return timely. This rule applies to the original and extended due dates.


Substitute for Returns or SFRs


If your tax return truly is filed late or has never been filed, there is some chance the IRS may prepare a substitute tax return or SFRs for you, A substitute for return is a tax form that computes your tax liability. Think of it as an IRS-prepared and filed tax return.


You may be thinking, "great, so the IRS will file my returns for me--why should I bother filing my own tax returns?" The answer is that IRS-prepared SFR's will typically omit favorable tax deductions, credits, etc. This often results in tax assessments that are higher than they would be if you had filed the returns yourself.


Excess collections is another issue that has to be considered. Excess collections refers to funds on account with the Federal government that are not applied to a specific taxpayer account. Think of this as the general fund where movies are not identified as coming from any particular source.


With Federal taxes, excess collections usually come up when a taxpayer pays the IRS via wage withholdings and then fails to timely file their tax return. If enough time goes by, generally three years from the original due date for the tax return, the monies paid to the IRS via withholdings is transferred to excess collections.


Then, if you file your tax return late, you may find that you are not credited with having made the tax withholdings. Needless to say, this can result in large balances being owed to the IRS.
Penalties for Filing Late, It Figures

Excess collections isn't the only problem encountered when filing late tax returns. Penalties also have to be considered.

Failing to file some types of tax returns is a crime, with criminal penalties. The government does prosecute taxpayers for failing to file tax returns. But it is not all that common in relation to the number of late-filed tax returns that are actually filed.

Depending on the amount of tax that will be reported and unpaid, it may be possible to get clearance letters or agreements that the government will not pursue criminal penalties if you voluntarily file your tax returns.

Filing late tax returns can also trigger civil penalties. Once the late tax returns are filed, the IRS will typically assess late filing penalties. This penalty is equal to five percent of the unpaid taxes, accrued monthly, not to exceed 25 percent of the amount of the unpaid taxes.

The IRS will also assess late payment penalties. The calculation for this penalty is more complex, but generally, it is the smaller of $135 or 100 percent of the unpaid tax.
These penalties are only assessed if the return is filed more than 60 days late.

Both penalties can also be abated if the taxpayer can establish reasonable cause for the failure to file or pay. In addition, the IRS has a generous first time abate policy that can allow the IRS to remove one or both of these penalties. The IRS applies this policy upon request by the taxpayer if the taxpayer has not had other penalties in the previous three years.

Get Help WIth Unfiled Tax Returns

Unfiled tax returns are a serious matter. They can result in significant penalties. If not corrected, they can also result in larger tax liabilities. The IRS is likely to file SFRs and assess a larger tax than what you would have otherwise had to pay.

There are a number of tax attorneys who help taxpayers with unfiled tax returns. An experienced tax attorney should be consulted when filing late tax returns to help minimize the tax liability and potentially to reduce any penalties that may apply.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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I’M SELF EMPLOYED WITH TWO BUSINESSES, HOW CAN I GET THE HOME OFFICE DEDUCTION?

If you run two businesses from your home, you can take a home business tax deduction for both businesses. However, there are rules you must follow.

You can claim the home office deduction if you have a dedicated workspace in your home for an office. This area can’t be used for personal activities. To claim it for two different businesses, the office space must qualify as the principal place of business for both.

If both businesses meet the criteria for a home office deduction, you need to file a separate Form 8829: Expenses for Business Use of Your Home for each business.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

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How to Determine Your Home Office Deduction

To deduct home business expenses, divide the expenses between the two businesses. Base the split on how much you use your home office for each business. You have to manually divide your office space and enter it as if you had two separate offices. The total square footage submitted for each business can’t be more than the total square footage you would submit if you only had one home business. You can choose to divide your space based on time or space usage.

You can also use the simplified method for your home office deduction. If so, you’re limited to a maximum of 300 square feet for all your businesses combined. Divide the 300 square feet among your businesses in a logical way. Don’t give more square feet to a business than you actually use for that business.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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CAN’T PAY YOUR BACK TAXES? BEWARE OF THE TAX FEES

Each year, about 30 million taxpayers file and owe the IRS. For those who owe, the IRS allows you to make “other” arrangements if you can’t pay.

Arrangements can include payment plans, extensions to pay, or hardship agreements such as payment deferral (called “currently not collectible” status) or an offer in compromise. Many of these payment arrangements come with fees, so it’s helpful to know what you’re in for when making arrangements with the IRS.

Fees for paying immediately

There is never a fee to pay the IRS with a check or directly from your bank account (see the IRS Direct Pay option). However, if you must pay with your debit or credit card, there are fees charged for using any of the three IRS approved payment processors. Credit card payments can be quite expensive because the processors charge a minimum fee or 1.87% to 1.99% of your payment to process the transaction.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC

www.advancetaxrelief.com

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CALL (713)300-3965

Payment arrangement fees and exceptions

Unless IRS rules consider you to be a low-income taxpayer, most payment arrangements require a setup fee with the IRS. However, there is no fee if you just ask for an extension of time to pay (the IRS can give you an extension of up to 120 days).

Currently not collectible

There is also no fee if you can prove to the IRS that you are “currently not collectible.” Currently not collectible (CNC) status will mean that you don’t have to make payments to the IRS until your financial situation improves. To obtain CNC, you must prove to the IRS that you can’t pay based on your current income and necessary living expenses.

Installment agreement fees

The IRS sometimes calls their payment plans installment agreements. The IRS will grant an installment agreement on any balance owed. However, if you cannot pay it all within 6 years or owe more than $100,000, the IRS will usually want detailed financial statements and supporting information. If you owe more than $50,000, the IRS will probably insist that you use your assets, especially liquid assets like cash and investment funds, to pay down the balances owed.

There is a fee to set up an installment agreement. If you meet the IRS low income criteria, the setup fee is waived. There is also a fee if you default on an installment agreement and need to reinstate it, although it may be waived or reimbursed for low-income taxpayers. Taxpayers commonly default on installment agreements if they miss a monthly payment or if they file another return with a balance due.

The IRS has incentives to set up payment plans online using their Online Payment Agreement application and for direct-debit payments. Installment agreement user fees range from $225 for a payment arrangement set up by phone or mail and paid by monthly checks to $31 for a payment agreement set up online and paid by direct debit.

For low-income taxpayers who are unable to do a direct debit agreement, the IRS will reimburse installment agreement fees once the installment agreement is complete.

Saving money on installment agreement fees

The key here is to use the IRS online tool to apply for your payment plan and use direct debit to pay it. This will be the lowest cost option. Keep in mind that the user fee will usually come out of your first payment installment, so it’s not something you need to pay separately for.

Offer in compromise fees

If you qualify for an offer in compromise (OIC) to settle your taxes for less than the full amount owed, the fee is $186. OICs also require you to pay a part of the settlement amount with the offer application. The fee and settlement portion can add up to a hefty upfront cost.

You must decide one of two ways to pay for an OIC when you apply using IRS Form 656. The first is the lump-sum cash payment option which requires you to pay 20% of the offer amount with the OIC application. The second is the periodic payment option that requires you to submit the first payment with the offer amount, and make monthly payments in accordance with the proposed offer terms.

OICs also have waivers which allow eligible low-income taxpayers to avoid OIC fees and upfront payments of the offer amount with the application.

Interest and the failure to pay penalty

The hidden costs with all IRS arrangements are interest and the failure to pay penalty. If you settle your taxes with an OIC, you do not have remaining interest and penalties. Interest and penalties are settled when the OIC is approved and no balances remain.

However, for all other arrangements, interest (currently at 5%) and failure to pay penalties accrue until the final balance is paid (including penalties and interest). The failure to pay penalty is 0.5% per month, with a maximum of 25%. You can reduce the failure to pay penalty by getting into a payment arrangement with the IRS. While you are in a payment arrangement, the IRS cuts the failure to pay penalty in half.

Need help with an IRS payment arrangement?

It’s best to make arrangements immediately after you file and know you can’t pay the balance. If you can’t pay, it may be best to get help from a tax pro who can help you sort out what options are best for you. Tax pros can sort out your details and work with the IRS to get you the best outcome for your situation.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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WHAT IS A LEVY ON STATE TAX REFUND - IRS NOTICE CP92?

The IRS has seized (levied) your state tax refund to apply to an unpaid federal tax balance(s). You have the right to appeal the levy.

Type of Notice: Unpaid balance
Most common tax problem area: IRS bill for unpaid taxes
Other tax problem areas: IRS penalties

Why you received IRS Notice CP92 ?  You have a tax balance that was not paid by the due date.

The IRS sent multiple notices requesting your payment, but never received payment.

The IRS seized your state tax refund and applied your state tax refund to your unpaid liabilities.

Your options to address IRS Notice CP90

Make arrangements to pay
Dispute the taxes you owe
Dispute the penalties

Notice deadline: 30 days

If you miss the deadline: You will lose your right to request an appeal of the levy action and penalties and interest will accrue.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

GET TAX RELIEF HELP TODAY
 
If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

Final Notice of Intent To Levy - IRS LETTER 1058 OR LT11

Letters 1058 and LT11 are sent as written notification, required by law, to inform you that the IRS intends to seize, or levy, your property, or rights to property. You have a right to a hearing.

Why you received IRS Letter 1058 or LT11

You filed a tax return with a balance due that was not paid by the due date.

The IRS sent multiple notices requesting payment from you, but never received payment.

The IRS sends Letter 1058 or LT11 to notify you of your right to a hearing on the matter and as your final notice of intent to levy your property, potentially including your paychecks, bank accounts, state income tax refunds and more.

Notice deadline: 30 days

If you miss the deadline: The IRS may file a Notice of Federal Tax Lien and/or issue a levy against wages, bank accounts or other assets if you don’t pay the balance or contact the IRS to establish a payment arrangement within 30 days.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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I RECEIVED A FORM 1099 AND NOT A W-2 - I’M I NOT AN EMPLOYEE?

At tax time, employees should receive Form W-2 from their employer. If you’ve received a 1099 Form instead of an employee W-2, your company is treating you as a self-employed worker.

This is also known as an independent contractor. When there is an amount shown on your Form 1099-MISC in Box 7, you’re typically considered self-employed.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

Review the Difference Between an Employee and

Independent Contractor
When you are paid by your employer, the employer withholds taxes, which will be reflected on your W-2. When you are paid as a contractor, however, you have to pay these on your own and you’ll receive a 1099 form instead of the employee W-2 form.

Three basic areas determine if you’re an employee:

Behavioral Control – Whether the business has a right to direct and control how your work is done

Financial Control – Whether the business pays your business expenses and buys your tools

Relationship of the Parties – Whether the business offers you benefits, such as insurance, vacation, or sick pay

What Should I Do If I Am Getting a 1099 Instead of a W-2?

If you are getting a 1099 form instead of a W-2 and think you should be classified as an employee, you should first contact your employer to be reclassified correctly. If the employer disagrees, you can have the IRS make the determination.

You’ll need to file Form SS-8: Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding. You might also need to file a Form 8919: Uncollected Social Security and Medicare Tax on Wages to report and pay your share of these taxes.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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