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IRS Collections: An Overview of the Process

Posted by Brandon Keim | Jan 09, 2023 | 0 Comments

If you have an unpaid tax bill, the IRS will likely initiate collections action to retrieve the money they are owed. But not to worry, the IRS will not immediately start seizing assets or pulling money from your accounts. They will notify you of the collection action to be taken against the unpaid balance and you can work to set up payment arrangements towards the balance.

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.

Cryptocurrency Tax Collections Ramp Up

Posted by Brandon Keim | Nov 18, 2020 | 0 Comments

Some cryptocurrency traders have made figurative killings with their investments. The world of cryptocurrency investment and speculation indeed has an otherworldly sense to it, both because of the unique nature of cryptocurrency and its roller-coaster rides for investors. Tax law, though, doesn'...

The Importance of Designated Payments When Your Business Owes Employment Taxes

Posted by Brandon Keim | Nov 25, 2018 | 0 Comments

Does your business have unpaid employment tax liabilities? If you answered yes, it is important to consider designating voluntary payments towards trust fund taxes. Designating payments costs you nothing, and helps you avoid personal liability. If you do not designate your payments, the IRS will apply the payments in a manner that is least beneficial to you.

IRS Passport Certifications: If you owe more than $50,000, the IRS now has the power to certify you for passport revocation!

Posted by Brandon Keim | Nov 05, 2017 | 0 Comments

If you owe more than $50,000 in tax liabilities, the IRS now has the power to certify you to the State Department for passport revocation, and it is starting soon! This article addresses this new power of the IRS, the criteria to be certified, the right to judicial review of the IRS certification, and how you can avoid being certified, and thus, prevent the State Department from revoking your passport.

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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.

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