CANDACE STEVENS's (numbercruncherllc) Blog

If most people were given a choice of whom they would rather work with, the IRS or the State, they would choose the State.  However, as I will explain, taxpayers should not take the State's threats lightly.The purpose of an IRS Audit is to: Check that the taxpayer is handling things properly Educ...

In Parts 1 and 2, I introduced you to a pizza place that was not reporting its sales tax correctly.  This caused an audit and began a horrible nightmare with the state claiming the restaurant owed $87,000 in back sales tax as well as having their sales tax exemption taken away.  Let's see how thi...

In Part 1 I introduced to you a pizza restaurant that was in hot water with the state over sales tax not being paid correctly.  The state auditor came up with a ridiculous method to figure out what the restaurant really owed in sales tax and left.  Not only did the restaurant owner get hit with a...

A pizza restaurant did not file its sales tax reports correctly.  When the state realized this they immediately figured there was fraud going on and sent an auditor out to find out how they were hiding money from the state.This restaurant isn't a high-dollar pizza franchise, it is your run-of-the...

How a levy works depends on what kind of levy it is.  A Regular Levy seizes what the taxpayer owns at the moment the levy is received.  There are two common Regular Levies that are used.  A bank levy and the other is a levy sent to 3rd parties that have paid the taxpayer in the past and reported ...

We can see from Tom's story that a Levy can cause many problems:   Financial Stress Loss of Sleep Contention in relationships Fear Just to name a few.  But exactly what is a levy?A levy is an actual seizure of taxpayers' property to pay a tax debt.  Don't worry, the IRS cannot just levy a taxpaye...

How could Tom have avoided the mess he ended up in with the IRS?  Let's take a look.1st - He could have paid the tax he owed with the original tax return.2nd- He could have sent in his tax return without payment but immediately set up an installment agreement with the IRS.3rd - He should have ope...

When we left Tom he had just had his bank account cleaned out because of a levy that was issued by the IRS.  He is frantic as checks are going to bounce and mostly because his spouse has no idea there is an IRS problem.  So how did we help him?We called the IRS and explained that the client was i...

In Part 1 we saw that Tom had ignored his problem of owing around $95,000 to the IRS so his bank account was levied.  Let's take a look at what happened.When the levy reached the bank, Tom had $5,300 in checking and the levy took all of it.  There was a deposit of $2,500 made the day after, but t...

Tom calls me on 4/15 and was hysterical!  His bank account was levied.  And if that wasn't bad enough, he has been hiding the IRS issue from his spouse and checks are going to bounce.  Tom pleaded with me to help him with the IRS problem and save his marriage.  The good news is if we act quick en...