Jim Payne's Tax Blog in Gainesville, FL

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RECENT BLOG POSTS
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Can the IRS contact your friends, neighbors, and employer? This is the government, of course they can. But the tax law does require them to give you reasonable notice.What is reasonable notice you ask? ...
02/12/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Whenever you owe the IRS on a tax debt, there is an automatic statutory lien created by law. The problem for other creditors is that they won’t know about this claim on your property. The answer to that...
02/10/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.There are three basic options that you can use in dealing with the IRS Collections Division:  Payment Plans – You agree to make regular payments against your debt and the IRS agrees to not bug you too m...
02/05/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Bankruptcy allows a debtor to get a fresh start by ‘discharging’ some of their debts including those owed to the IRS. But there are lots of exceptions. Here are some of the general rules for you to disc...
02/03/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The best time to file an Offer-in-Compromise is when you have all your ducks in a row. Failure to get this right usually results in the Offer being rejected and all your work will be for naught.Here are...
01/29/2020
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I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS Tax Levy is the method used to actually seize a taxpayer’s assets in order to collect on a tax debt. These levies happen when the taxpayer ignores the IRS about the debt, or there is a breakdown...
01/27/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.One of the benefits of filing for bankruptcy is that there is an automatic stay that prohibits the IRS from taking any further collection actions while proceedings are ongoing. On the other side of the ...
01/22/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The common understanding is that pensions, IRAs and 401Ks are not reachable by creditors. Don’t kid yourself, when it comes to the government they can get to the money. The IRS cannot force you to liqui...
01/20/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The majority of taxpayers get a refund after filing their 1040. Late filing by these people is not normally a problem since all the penalties are based on the amount of tax due. But, filing too late can...
01/15/2020
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Generally, the IRS has 10 years to collect from someone. This period starts on the date of assessment and can be tolled (suspended) for a variety of different reasons. Once the Statute runs, the IRS is ...
01/13/2020
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Jim Payne, CPA

CPA firm practicing in the area of IRS Collections
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