IRS Q&A’s
Q: I received a Request for Tax Payment from the IRS, what do I do now?
A: This notice is meant to inform the taxpayer that there is a balance due and requests payment of the balance together with interest and penalties within 10 days. If you receive this notice and are unable to pay or believe there is an error, it is important that you speak with an attorney regarding your rights.
Q: I received a Final Notice, Notice of Intent to Levy and Notice of Your Right to a Hearing. Please Respond Immediately from the IRS what do I do now?
A: It is important to hire an attorney. The IRS will levy on your property if you do not exercise your right to an appeal within 30 days of the notice.
Q: What property can the IRS gain a lien on?
A: The IRS can attach a lien, after meeting the procedural requirements, on all of the taxpayer’s property. The lien can be satisfied by either payment or an agreement by the IRS to accept less than the amount owed. One way this can happen is for the IRS to accept an Offer in Compromise. It is important to speak with an attorney regarding an Offer in Compromise.
Q: What should I do if I submitted my payment to the IRS but still continue to receive notices?
A: If someone at the IRS is not notified the computer process will not be stopped and your case may be sent to collections. It is important that you speak with an attorney to make sure your case is properly handled to avoid the receipt of future notices.
Q: Can I get onto a payment plan with the IRS if I have a 1040 liability of less than $25,000?
A: Yes. It is important that you speak with an attorney to make sure that all of the proper paperwork is filled out in order to request to be placed on a 60 month payment plan. Any plan needs to be confirmed by the IRS.
