Posts Tagged ‘delinquent taxes’

Is there a penalty for a tax return filed late that shows a refund?

  • September 15th, 2020
  • David Greene
  • Comments Off on Is there a penalty for a tax return filed late that shows a refund?

Fortunately, the answer is “No.”  If you are due a refund on your taxes and file the return after the filing deadline (July 15 this year), the IRS will not charge you a late filing penalty.  This is because you…

How is a levy different from a lien?

  • September 9th, 2020
  • David Greene
  • Comments Off on How is a levy different from a lien?

I answered this question about the lien last week.  This week I want to discuss how a levy differs from a lien.  While a lien is simply recorded at the courthouse and is therefore a “passive” collection action (nothing happens…

What is an Offer in Compromise based on Doubt as to Liability?

  • August 25th, 2020
  • David Greene
  • Comments Off on What is an Offer in Compromise based on Doubt as to Liability?

The Offer in Compromise program is a voluntary program that is offered to certain taxpayers who are delinquent in their taxes. There are three types of offers, including this one. The other two types are an Offer in Compromise based…

Should I file my 2019 return if I did not file last year?

  • May 5th, 2020
  • David Greene
  • Comments Off on Should I file my 2019 return if I did not file last year?

First, you should know that you now have until July 15 to file your 2019 return. No matter what else you do or don’t do, be sure to file your return on time.  You should do this even if you…

The PEOPLE FIRST INITIATIVE from the IRS

  • April 3rd, 2020
  • David Greene
  • Comments Off on The PEOPLE FIRST INITIATIVE from the IRS

In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative.  The highlights are as follows: If you are in an existing Installment Agreement, payments due between…

Which people get in tax trouble the most?

  • March 12th, 2020
  • David Greene
  • Comments Off on Which people get in tax trouble the most?

I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently.  Self employed people tend to find themselves…

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