by Haden Martinez | Oct 13, 2020 | IRS Notices, Tax Law, Uncategorized
Receiving any letter from the IRS can be an intimidating experience that leaves you with more questions than answers. To better understand letters sent from the IRS, taxpayers often search the web for further assistance. Starting this month, the CP14 and CP14 IA...
by Haden Martinez | Oct 2, 2020 | IRS Notices, Tax Law
The IRS is required by law to use private agencies to collect some outstanding, inactive tax debts. However, the IRS only uses four private collection agencies to collect these debts. The companies that are currently under contract to assist in the collection of...
by Haden Martinez | Sep 10, 2020 | IRS Notices, Tax Law
On August 21st, 2020, the IRS announced they had suspended the mailing of three notices – the CP501, the CP503 and the CP504. The IRS issues a CP14 Notice to notify taxpayers of a tax balance due. If a taxpayer does not respond to the CP14 Notice, the IRS will issue a...
by Britt & Burroughs | Jun 15, 2020 | Tax Law
More than ever, this tax season will be riddled with delays despite the extended tax deadline. The Internal Revenue Service was already behind before the COVID-19 outbreak. The IRS closed in late March due to the pandemic. And now they are struggling to re-open and...
by Britt & Burroughs | Jan 15, 2020 | Tax Law
Politicians are in constant debate over how to decrease the budget deficit: raise taxes or cut them? Tax researchers often cite a more politically-neutral third option: reduce the “tax gap.” The tax gap is simply the difference between taxes owed and taxes paid....
by Britt & Burroughs | Nov 20, 2019 | Tax Law
According to a report from National Review, recent changes to the tax code, staffing issues and aging technologies have created significant administrative challenges for the IRS: New Rules – There are more than 80 changes to the tax code within the new Tax Cuts...
