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.You owe the IRS a lot of money. What can you do to get your life back on track? Basically, it comes down one of three options:          Convince the IRS that you are not in a position to pay          Ma...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS announced last week in IR-2020-59 that it was shutting down most of its Collection Division Activities. This means no new liens or levies until July 15 unless the Statute of Limitations is about...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.You see the ads on TV about the IRS accepting “pennies on the dollar” to clear their backlog of tax debts. Seems like an easy answer to a big problem. But, as they say, “too good to be true, is usually ...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS issued a News Release on 3/25 that they were suspending most collection efforts including the requirement to make monthly payments on installment plans. No new levies and liens will be started b...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Can the IRS contact your friends, neighbors, and employer? This is the government, of course they can. But the tax law does require them to give you reasonable notice.What is reasonable notice you ask? ...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Whenever you owe the IRS on a tax debt, there is an automatic statutory lien created by law. The problem for other creditors is that they won’t know about this claim on your property. The answer to that...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.There are three basic options that you can use in dealing with the IRS Collections Division:  Payment Plans – You agree to make regular payments against your debt and the IRS agrees to not bug you too m...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Bankruptcy allows a debtor to get a fresh start by ‘discharging’ some of their debts including those owed to the IRS. But there are lots of exceptions. Here are some of the general rules for you to disc...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The best time to file an Offer-in-Compromise is when you have all your ducks in a row. Failure to get this right usually results in the Offer being rejected and all your work will be for naught.Here are...

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS Tax Levy is the method used to actually seize a taxpayer’s assets in order to collect on a tax debt. These levies happen when the taxpayer ignores the IRS about the debt, or there is a breakdown...