kevin rego's (kevinrego) Blog

San Mateo, CABeing a tax attorney, I usually blog about the IRS and tax collection matters.  I recently came across a court case that make me think: this easily could happen to any one of us!How One Missed Form Cost $3 MillionIn a recent case that should make every retirement plan participant pau...

San Mateo, CAIf you owe back taxes to the IRS, one of the most serious collection tools they can use is the IRS levy. A levy allows the IRS to legally seize your property—such as wages, bank accounts, or other assets—to collect unpaid taxes.But here’s what many people don’t know: you have rights ...

San Mateo, CA:IRS Payment Processing Delays: What Taxpayers Should KnowThe IRS has acknowledged a delay in processing some electronic tax payments, which may result in taxpayers receiving balance-due notices—even when payments were made on time. This issue primarily affects those who electronical...

San Mateo, CA:'Tis the season for IRS CP14 letters coming in the mail.I have noticed a marked uptick in the number of clients that are receiving CP 14's in the mail.  The CP14 is "IRS slang" for the first demand for payment after a tax return is filed with a balance due.  Note the "CP14" in the u...

San Mateo, CA:IRS Installment Agreements: How to handle more tax debt!I recently had a question from a client that comes in frequently:Question: What happens if you are on an IRS installment agreement (payment plan) and you incur more tax debt from a recently filed tax return?Answer:  Nothing goo...

San Mateo, CA:A "Double-Claimed" Dependent leads to a Double Audit for Parents.Navigating the complexities of tax law can be daunting, and the recent U.S. Tax Court case of Correll v. Commissioner (T.C. Memo 2025-31) serves as a crucial reminder of the importance of understanding dependency exemp...

San Mateo, CA:The IRS gets busy just like the rest of us.  They are especially busy now with many of the things affecting their organization coming from the current administration.  Politics aside, the IRS is still very much "in business".IRS NOTICE CP71CI have recently seen an uptick in the numb...

San Mateo, CA: IRS to Pursue Unreported Gambling Winnings: Potentially $1 Billion+ Income Tax RevenueA recent report by the Treasury Inspector General for Tax Administration (TIGTA) has revealed that the IRS may be missing out on substantial tax revenue due to unreported gambling winnings. This g...

San Mateo, CA:  It often happens to those that are newly married but can happen to any couple; debts owed by one spouse comes back to "haunt" the non-liable spouse who may not even know about these "skeletons".  It can really damage a relationship---but there is a solution. Understanding IRS Inju...

San Mateo, CA: When you submit an Offer in Compromise or a request for an installment agreement, the IRS wants to know your monthly income and expenses using financial disclosure forms.  The IRS wants to ensure that you are paying the most you can without causing a hardship.  This often leads to ...