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Posts Tagged ‘irs penalties’

When Should You Expect an IRS Notice?

June 29, 2016  |   Tax Advice   |   Tags: , , , ,  

While the sun may have set on tax season, you may have a nagging feeling that you overlooked something important when you filed your return. You may be inclined to dismiss this feeling, assuming that the IRS would have immediately notified you of any problem with your taxes. There’s a chance, though, that you’ll be informed of a tax issue long after you filed. When You’re Notified In some cases, the IRS will send out prompt notice ...

What to Do When You Have a Bank Levy

In a bank levy, the IRS requests that a bank transfer funds from a delinquent taxpayer’s bank account to settle back taxes. A bank levy can cause financial strain on the taxpayer, as the entire amount of the account – up the full amount owed – can be taken. 1. Contact the IRS To get a levy released, you may either contact the IRS yourself or have ...