Tax Compliance-The KEY to Resolving Your Tax Debt

Even though Number Cruncher LLC is physically in Nevada, we help people all over the USA to be in tax compliance with the IRS.   What exactly does it mean to be in tax compliance with the IRS?  Tax compliance is being aware of and observing the state, federal, and international tax laws and requirements set forth by government officials and other taxing authorities.    A basic example is filing personal tax returns by the April deadline or in other words, you need to file your taxes every year.  

What if you haven't filed tax returns in a while?   Get missing tax returns filed as soon as possible.  To be in compliance you only need the last 6 years of returns filed.  

If you or anyone you know is behind in filing taxes, I can help you.  Please feel free to contact me at 702-469-9426 or cstevens@numbercruncherllc.tax

Candace Stevens, CEO/President of

Number Cruncher LLC

cstevens@numbercruncherllc.tax

www.numbercruncherllc.tax

What do you do when you receive Letter 11, the Final IRS notice?

The focus of my practice is to help taxpayers, from all over the USA, with IRS issues.  One issue a lot of taxpayers have is late or nonpayment of tax.  Often clients feel if they don't open letters from the IRS, the problem will go away.  Unfortunately, the problem does not go away, it only gets worse.  

When clients get brave enough to open a letter, often it is Letter 11, the Final IRS Notice.  This leaves them shaking in their boots, calling me for help.   

The first thing that needs to be done is to file the Form 12153 within 30 days of the date on Letter 11.  Filing this form will cause the following to take place:

    *  The IRS will Cease all collection action against the taxpayer for the tax periods in question.

    *  The taxpayer's case is forwarded to Appeals

    *  The taxpayer has the right to go the Tax Court if the taxpayer cannot work out an arrangement with Appeals

    *  The taxpayer has additional time to prepare any missing returns and sort out the proposal for resolving the outstanding tax debt. 

Most taxpayers don't realize the seriousness of the need to file the appeal and miss a valuable opportunity.  

If you have any questions about IRS issues, please feel free to contact me at 702-469-9426 or cstevens@numbercruncherllc.tax

Candace Stevens, CEO/President of

Number Cruncher LLC

cstevens@numbercruncherllc.tax

www.numbercruncherllc.tax

What do the IRS notices mean?

Most taxpayers have some sort of a freakout moment when they receive a notice from the IRS. It is important that you OPEN LETTERS FROM THE IRS.  The issue will not go away if you ignore it, it will actually get worse.  If you wait to open the notices, you will continue to be assessed penalties and interest, you won't know what is going on, you won't know when to call the IRS or when it's time to seek professional tax help.  You will find yourself in a mess.

Below is an explanation of the IRS Notices:

Notice CP-501:  This notice is to inform you that you have a balance due (you owe the IRS money) on one of your tax accounts.  

Notice CP-503:  This notice is letting you know that the IRS has not heard from you.  You still have an unpaid balance on one of your tax accounts.  

Notice CP-504:  This is the Intent to Levy Notice.  You have an unpaid amount due on your account.  If you do not pay the amount due immediately, the IRS will seize your assets in an attempt to pay the balance due.  

Letter 11:  Notice of Intent to Levy.  30 days after this notice the levy action may start.  The only way to stop the levy action is by requesting a hearing with Form 12153.  

As you can see, if you don't open the mail from the IRS, you won't know what stage of the collection process you are in or what can be done.  If you wait to long there may not be anything that can be done to help you.

If you or someone you know has IRS issues, please feel free to contact me at 702-469-9426 or cstevens@numbercruncherllc.tax.

Candace Stevens, CEO/President of

Number Cruncher LLC

cstevens@numbercruncherllc.tax

www.numbercruncherllc.tax