Call for a Consultation (602) 200-7399

Blog

What to Do and What Not to Do If You Get an IRS CP504 Notice

Posted by Brandon Keim | Oct 11, 2021 | 0 Comments

Notice CP504 is the IRS alerting you of an unpaid balance, do not ignore this notice. Ignoring this notice will result in the IRS aggressively seizing your property, assets, bank accounts etc. What you should do is pay the amount right away if you can, set up a payment plan, or contact a tax professional to discuss your options.

Supreme Court Reins in the IRS in CIC Services v. IRS

Posted by Brandon Keim | Oct 10, 2021 | 0 Comments

The Internal Revenue Service is an executive branch agency that is subject to the same limitations as all government agencies. Meaning there are procedues In CIC Services v. Internal Revenue Service, the Supreme Court decision will allow taxpayers to validly challenge the legality of IRS regulations that have to properly gone through the appropriate administrative process.

Bitcoin-Laundering Kingpin Arrested: Lessons We Can Learn

Posted by Brandon Keim | Oct 09, 2021 | 0 Comments

Trying to hide money from the IS by lying, never ends well, and cryptocurrency is no exception. As a result of being identified for Bitcoin laundering, Russian-Swedish administrator Roman Sterlingov of Bitcoin Fog, was arrested and charged with laundering hundreds of millions of dollars worth of bitcoin. In the end, a lesson to be learned is that one should not try to hide cryptocurrency from the IRS, as blockchain activity is forever.

Can you get the IRS to defer to its collection efforts against you if there's an emergency?

Posted by Brandon Keim | Oct 08, 2021 | 0 Comments

Receiving a collections notice from the IRS can add stress to an already stressful situation. As it turns out, if the IRS learns that you cannot make your payments against your debt, they may determine your account to be 'currently not collectible'. While this does not eliminate your debt, it simply means collection efforts will be in vain.

Disclosures of Tax Positions

Posted by Brandon Keim | Oct 07, 2021 | 0 Comments

While it may seem that IRS rules and regulations are always black and white, that is not usually the case, much is often left open for interpretation. This post will introduce you to a tool that can be used to protect yourself from accuracy-related tax penalties.

The IRS’s Currently Not Collectible Status

Posted by Brandon Keim | Jan 27, 2021 | 0 Comments

If you’re financially unable to pay your taxes, you may qualify for the IRS to assign your account to “currently not collectible” (CNC) status. CNC is the IRS status assigned to debts that it deems the taxpayer unable to pay, deferring you from wage garnishment or levies on your bank accounts.

Can the IRS Collect from a Decedent’s Estate?

Posted by Brandon Keim | Jan 25, 2021 | 0 Comments

Can the IRS Collect from a Decedent's Estate? When a loved one dies, their debts don't disappear, and that includes debts and taxes owed to the Internal Revenue Service. The estate administrator must settle the debts, including back taxes owed to the IRS and any taxes owed for the current year t...

IRS Payroll Problems: Serious Business

Posted by Brandon Keim | Jan 11, 2021 | 0 Comments

Payroll tax avoidance can result in substantial personal liability, and in some cases even imprisonment. Business owners should consult with tax counsel to discuss the proper payment of payroll taxes to minimize fines and other unintended consequences.

IRS Criminal Investigation Division

Posted by Brandon Keim | Jan 08, 2021 | 0 Comments

The IRS's Criminal Investigation Division (CID) works with other areas of the IRS to uncover fraud and income earned from illegal activities. This cooperation resulted in the IRS's CID uncovering $10 billion in tax fraud financial crimes for the 2020 fiscal year.

  • 1 of 2

Sample

logo2.png

Aenean lacinia bibendum nulla sed consectetur. Donec sed odio dui. Maecenas sed diam eget risus varius blandit sit amet non magna. Nulla vitae elit libero, a pharetra augue. Curabitur blandit tempus porttitor. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cras justo odio, dapibus ac facilisis in, egestas.

The act of visiting or communicating with Brandon A. Keim via this website or by email does not constitute an attorney-client relationship. Communications from non-clients via this website are not subject to client confidentiality or attorney-client privilege. Further, the articles, discussion, commentary, forms and sample documentation contained in this website are offered as general guidance only and are not to be relied upon as specific legal advice. For legal advice on a specific matter, please consult with an attorney who is knowledgeable and experienced in that area. Attorneys listed in this website practice only in the jurisdictions in which they are admitted. This website is governed by the Arizona Rules of Professional Conduct.

Menu