What is a Currently Not Collectible Status?

February 19, 2016

The IRS classifies taxpayers into various categories based on factors present in the individual’s circumstances, also referred to by the IRS as a “status”. A currently not collectible status, also commonly known as a hardship status or status 53, is used to describe a taxpayer who cannot afford to pay an outstanding tax liability. It…
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Which Letters from the IRS Require Urgent Attention?

February 5, 2016

The IRS sends out many different types of collection letters to its taxpayers. While any letter you receive from the IRS should be taken very seriously—there are some letters that have more legal implications compared to others. Here are some letters that require your urgent attention and what they mean: Letter 531 – Notice of…
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What Do I Do If I Receive A Notice From the IRS?

February 16, 2015

You may have received a notice or letter from the IRS. Now what? Notices or letters from the IRS generally indicate the reason for the correspondence, and also provide instructions for you to follow. Note that notices from the IRS can be either favorable or unfavorable. While your first reaction may understandably be dread or…
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What Does It Mean to Receive A Notice of Intent to Levy From the IRS?

January 28, 2015

Being issued a notice of intent to levy from the IRS is a terrifying experience for most people, since this probably means that there is a major problem with your taxes – yet no measures have been taken to resolve the issue. The good news is that taking the proper steps and handling the intent…
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Summer Tax Tips: What to Do If You Get a Notice from the IRS (Pt. 2)

July 31, 2014

Picking up from where we left off in Summer Tax Tips: What to Do If You Get a Notice from the IRS (Pt. 1), here, we will continue to point out some specific things that you should do if you receive an IRS tax notice in the mail this summer (or at any point in…
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Summer Tax Tips: What to Do If You Get a Notice from the IRS (Pt. 1)

July 28, 2014

While many people focus on their taxes and tax issues during the beginning of each year, the IRS can send you a tax notice at any time. Knowing how to respond to and deal with these notices is crucial to resolving any tax issue you may have and avoiding any possible penalties that could cost…
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