Tax Collection Defense

8
May

TAKE NOTICE!

By: Royston Mendonza, Esq. The IRS has a repository of hundreds of notices that it issues to Taxpayers for a variety of issues. In fact, a statement of IRS notice codes released in 2002 is 120 pages long.  Many of these notices, if left unaddressed, carry little to no associated consequences.  However, there are certain notices which serve as warnings. 

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11
Apr

Are 2018 State and Local Real Property Taxes Paid in 2017 deductible or not? The Answer’s in the Statute.

By: John L. Marien On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act.  In light of the various tax cuts contained in the revisions to the Internal Revenue Code, Congress was compelled to formulate legislation that would recover some of the lost revenue.  One provision aimed at recovering a portion of this revenue loss

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22
Feb

Can you discharge your tax debt through Bankruptcy?

By: Gary P. Bluestein, Esq. The general view of most accountants and attorneys we talk to is that tax debt is not dischargeable in Bankruptcy. When we tell them that a tax debt may indeed be dischargeable, people are typically very surprised. While there are many factors that determine whether a tax debt is dischargeable in a bankruptcy filing (primarily

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29
Dec

Andreozzi Bluestein Attorneys Speak on Federal and State Compliance Issues

Buffalo Law Journal’s Michael Petro interviewed Andreozzi Bluestein’s Senior Associate Michael Tedesco and Associate Heather Schmidt on federal and state compliance issues for his Tax Law Special Report. Petro’s federal article discusses recent trends in foreign bank reporting issues for both U.S. citizens and international banks. The IRS began allowing taxpayers to come forward with respect to their foreign accounts

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3
Sep

The Threat of Parallel Investigations: When Civil Isn’t Civil

By: Justin J. Andreozzi, J.D.; Randall P. Andreozzi, J.D.; and Arlene Hibschweiler, MBA, J.D. While at one time, the IRS would discontinue a civil examination when it began a criminal investigation of a taxpayer, it is now the IRS’s policy in certain situations to conduct simultaneous civil and criminal investigations in what are called parallel investigations. While, technically, the civil

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2
Jul

Matrimonial Law and the IRS

By: Gary Bluestein, Esq. Federal tax law can impact virtually every area of legal practice.  For example, in debtor/credit law, certain property is protected from enforced collection, such as a 401K, IRA or homestead exemption.  There is additionally a 10% limitation on wage garnishment.  However, none of these exemptions apply to the Internal Revenue Service.  Bankruptcy Law also treats tax creditors

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17
Mar

Tax Anxiety – Good News & Bad News

With the upcoming hype surrounding taxes as April 15th approaches, anxiety increases for those in tax trouble. A significant number of people have been contacted by the taxing authorities about missing tax returns, or are nervously anticipating such contact. Others already have an assessed liability and are facing enforced collection action. What many individuals who have not filed do not realize

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6
Aug

Liens and Levies

By: Gregory D. Verdibello, Esq. Once a taxpayer’s liability has been formally recorded on the books and records of the Internal Revenue Service (“IRS”), the IRS may use one of its collection tools to satisfy the taxpayer’s outstanding liability.  Two of the collection tools that the IRS may choose to use are a lien and levy.  Many taxpayers do not know the

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4
Jun

Offers in Compromise: A Guide

By: Royston Mendonza Overview Very simply, an Offer in Compromise (“Offer”) is where a Taxpayer “offers” a sum of money to the Internal Revenue Service (“IRS”) to “compromise” a tax debt for less than the total amount owed. Form 433-A To begin an Offer calculation, you must first fill out IRS Form 433-A (OIC). The current version was released in

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3
Jun

There’s Always Something (the IRS) There to Remind Me

Dionne Warwick Bankruptcy Case Seeks to Discharge Taxes By: Daniel Brown “Wishin’ and Hopin’”[2] to discharge more than $10.2 million in taxes, Dionne Warwick filed a Chapter 7 personal bankruptcy case in the United States Bankruptcy Court for the District of New Jersey on March 21, 2013.  According to her filed bankruptcy petition, the tax debts owed include $6,955,192.03 in personal

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