Jim Payne's Tax Blog in Gainesville, FL

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS Offer-in-Compromise is an agreement to clear a tax debt for less than its face value. How many dollars is the IRS willing to compromise on depends upon a formu...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS Offer-in-Compromise is an agreement to clear a tax debt for less than its face value. This is the idea behind “pennies on the dollar” payoff that you see on TV...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS Offer-in-Compromise is an agreement to clear a tax debt for less than its face value. This is the idea behind “pennies on the dollar” payoff that you see on TV...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The has various forms of Installment Agreements that allow a taxpayer to pay their past due taxes over time.The various flavors of Installment Agreements are:         ...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The “Account Transcript” is the official IRS record of where a taxpayer stands with respect to any one tax return. This statement starts with the date the return was f...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. For taxpayers who have an IRS problem, the first step to getting righteous with them is called “Tax Compliance”. This term refers to getting all past due tax returns f...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. Typically, problems with the IRS Collections Division starts with a series of notices. Each new notice gets more threatening than the last and start to come faster and...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS Collection Process can be intimidating, but it is relatively simple. Typically, it goes like this:  IRS sends a notice of tax due.  IRS sends a second, more th...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. Many times, taxpayers are simply not able to pay their tax debt. The IRS recognizes in these cases that it is simply a waste of their time and resources to pursue this...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS has 10 years from the date of assessment to collect a tax debt. Once the Statute of Limitations is met, the debt becomes unenforceable. The taxpayer is off the...