IRS Notice CP504- Third And Final Reminder Of Past Due Taxes
The CP 504 is a final notice of a balance that is due on your account. This is the third in a series of notices (CP501, CP503, CP504) each become more threatening in its language. Next is the Letter 1058- Final Notice of Intent To Levy This notice will indicate that a levy will be […]
IRS Notice CP503- Second Reminder of Past Due Taxes
IRS uses CP 503 as a second reminder to taxpayers of past due taxes. This is the second in a series of notices (CP501, CP503, CP504) each become more threatening in its language. The last in the series is the CP 504- Notice of Intent To Levy. Next is the Letter 1058- Final Notice of […]
IRS Notice CP 23 | Estimated Tax Payment Discrepancy | Balance Due
IRS used Notice CP 23 to inform you that they see a difference between the amount posted to your account and the amount of Estimated Tax Payments that were claimed on your tax return. Lastly, the IRS will notify you of the balance currently due. What Should I Do First With A CP 23 Notice? […]
IRS Notice CP22E- Examination Adjustment- Balance Due
IRS Sends IRS Notice CP 22E when they have made an adjustment to your return resulting in a balance of $5 or more. What Is The First Step With A CP 22E Notice? The notice will show the amount of the adjustment. If you agree and you pay the balance in full, there is nothing […]
IRS Notice CP91, CP298- Final Notice Before Levy Of Social Security Benefits
IRS uses Notice CP 91 or CP 298 to inform you they plan to take 15% of your social security benefits due to an outstanding balance on your account. What Should I do First? The first thing that you need to do is verify if you have an outstanding balance with the IRS. You have […]
IRS Notice CP90, CP297, CP297A- Notice of Levy and Right To A Hearing
The IRS uses CP 90/ CP 297/ CP297A to warn you of their intent to take money and assets. This could mean wages, commissions, Social Security benefits, or government retirement benefits and or seizure of assets such as real estate, bank accounts, car, and business assets. The CP 297A a immediate problem than the CP […]
IRS Notice CP14- Notice of Balance Due
IRS Notice CP 14 is sent to a taxpayer to show the outstanding Tax Liability for a specific year. It typically takes 60 days for the IRS to process your return and send you a notice of a balance due. Next The IRS will start a series of letters (CP 501, CP503 and CP504), as […]
How To Protest An IRS Substitute For Return (SFR)
Filing Back Taxes can be a very daunting process. If you have not filed for years, you probably misplaced most of your documentation, which makes the filing of back returns very difficult. If you fail to file required returns for beyond typically three years, the IRS will eventually file them for you. These returns are […]
Louisiana legislature passes several corporate income tax bills, taxpayer action by June 30, 2015, should be considered to secure certain benefits
On June 12 and June 15, 2015, the Louisiana State Legislature delivered a series of enrolled bills to the governor for his signature. If enacted, the bills would make several changes to Louisiana’s corporate income/franchise tax laws, including (1) reducing temporarily certain deductions, exclusions, and credits; (2) increasing the NOL carryforward from 15 to 20 […]
Arizona Department of Revenue a tax notice for contractors paying tax on materials.
Prior to the end of last year, the Arizona Department of Revenue a tax notice explaining changes to how contractors will pay tax on materials. On January 1, 2015 the structure of prime contractor classification of the Transaction Privilege Tax (“TPT”) changed. This changed how and when tax is paid on materials purchased by contractors. […]