Keith Jones, CPA’s Post

If a taxpayer has significant assets that can be liquidated or borrowed against to pay the tax debt, they might not be considered to be in financial hardship, even if their monthly income is low. Read more 👉 https://lttr.ai/ARyN0 #SurmountIrsHardship #AttainFinancialResilience #IRS #Tax #TaxDebt #TaxDebtRelief #TaxResolution #UnexpectedLifeEvents #TheCPATaxProblemSolver

Issued when a taxpayer hasn't responded to previous notices or cleared their debt, this letter is a final alert before the IRS proceeds to seize assets or garnish wages to recover the owed taxes. Read more 👉 https://lttr.ai/ARyJf #InternalRevenueService #StayCompliant #TheCPATaxProblemSolver #IRS #Tax

Due to unpaid tax debt, this letter indicates a legal claim against a taxpayer's assets, including real estate, personal property, and financial assets. Read more 👉 https://lttr.ai/ARx1Z #InternalRevenueService #StayCompliant #TheCPATaxProblemSolver #IRS #Tax

Join us for a free webinar by Frank Agostino on Wednesday, April 24, 2024, at 6:00 p.m. Eastern Time. This webinar is available for virtual or live in-person attendance at Bergen Community College in the Ciarco Learning Center, 355 Main Street, Room 102/103, Hackensack, NJ, or online. This informative session is open to everyone, and tax professionals who attend are encouraged to accept a pro bono tax controversy case assignment from NYCLA, an ABA-sponsored Tax Court Pro program, or a NY or NJ low-income tax clinic. Attendees will also earn 3 free NY & NJ CLE, CPE, and IRS CE/NASBA CPE credits. Don't miss this opportunity to enhance your knowledge and skills in the tax field. Register now for this free webinar and earn valuable credits.

"The cost of tax resolution services can vary depending on several factors, including the complexity of your tax situation, the amount owed to the tax authorities, the type of service provider you choose, and the specific services needed." https://lnkd.in/e8MXcY2u #TaxResolution #TheCPATaxProblemSolver #IRS #Tax

The Internal Revenue Service (IRS) recognizes financial hardship when a taxpayer is unable to meet their basic living expenses and pay their tax debt simultaneously. Read more 👉 https://lttr.ai/ARvUi #SurmountIrsHardship #AttainFinancialResilience #IRS #Tax #TaxDebt #TaxDebtRelief #TaxResolution #UnexpectedLifeEvents #TheCPATaxProblemSolver

Long-Term Payment Plan to IRS also known as an Installment Agreement: If you need more than 180 days to pay your tax debt, you can apply for a long-term payment plan. Read more 👉 https://lttr.ai/ARvLv #PaymentPlan #KeyTips #TaxDebt #TheCPATaxProblemSolver #IRS #Tax

If there's no disposable income left after accounting for basic living expenses, the IRS may determine that the taxpayer is facing financial hardship. Read more 👉 https://lttr.ai/ARvKJ #SurmountIrsHardship #AttainFinancialResilience #IRS #Tax #TaxDebt #TaxDebtRelief #TaxResolution #UnexpectedLifeEvents #TheCPATaxProblemSolver

IRS hardship status is a way for individuals experiencing financial difficulties to seek relief from certain tax obligations. Read more 👉 https://lttr.ai/ARvBb #SurmountIrsHardship #AttainFinancialResilience #IRS #Tax #TaxDebt #TaxDebtRelief #TaxResolution #UnexpectedLifeEvents #TheCPATaxProblemSolver