Jim Payne's Tax Blog in Gainesville, FL

Dealing with the IRS can be stressful, especially when facing liens or wage garnishments. But there's a process that can help: the Collection Due Process (CDP) hearing. It’s a way to protect your rights and give you a fair chance to resolve your tax issues.What is a CDP Hearing?A CDP hearing allo...

It's nice to feel wanted until you find out it's the IRS that wants you. If you haven’t filed your taxes for some years, The IRS has launched a new program to identify and collect from non-filers who owe $100,000 or more. If this is you, here’s what you need to know:Big Time PenaltiesYou're looki...

When dealing with the IRS, timely communication is key. This is especially true when it comes to demonstrating good faith. No one likes being ignored, including the IRS. While the government's response times can be glacially slow, they still appreciate and take note of taxpayers who communicate p...

When facing potential tax issues with the IRS, developing your strategy as early as possible is crucial. Proactive planning can help you avoid the intense pressure from enforced collection actions, such as levies. But how much time is considered strategic timing? At least three months are needed ...

Dealing with the IRS can feel daunting, especially if you disagree with a decision or assessment they've made. Luckily, the IRS offers an Appeals process that lets you challenge decisions in an informal yet structured setting. Here's a step-by-step guide to help you navigate the IRS Appeals proce...

Have you ever received a notice from the IRS claiming you owe taxes but are certain there’s been a mistake? Maybe you believe the IRS has assessed the wrong amount, or there’s an error in your tax return. In such situations, you might consider submitting a “Doubt-as-to-Liability” Offer in Comprom...

You know you have been skirting the sales tax laws forever. You’re at a point where this plan is riskier and dumber than ever. What can you do to get back in compliance before fate sets in? Like the IRS, the Florida DOR has a program to let back into their good graces.Florida’s Voluntary Disclosu...

You receive an IRS letter informing you they are proposing changes to your tax return. However, you never filed a tax return, so how can they correct it? The answer is that the IRS filed your return using Substitute for Return (SFR). An SFR is the IRS’s way of estimating your tax liability using ...

If you’re in collections and facing a tax assessment you believe is incorrect, all is not lost. The IRS provides several options to challenge the assessment and manage your tax debt. Here are five key avenues to explore: Audit ReconsiderationAudit reconsideration is an option if you disagree with...

Entering into an Installment Agreement (IA) with the IRS can be a huge relief if you're dealing with tax debt. However, maintaining the agreement requires strict adherence to certain compliance terms. If you fail to meet these requirements, the IRS has the authority to terminate your IA, which ca...