Jim Payne's Tax Blog in Gainesville, FL

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RECENT BLOG POSTS
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.There are several strategies to consider when it comes to dealing with IRS debt. The Offer-in-Compromise is an option for taxpayers who are simply not in a financial position to pay their IRS debt in fu...
04/26/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. There is a question on your tax return about foreign bank accounts that trips people up, particularly immigrants. While the question seems to be aimed at bank accounts, it's much broader. It includes b...
04/18/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. Step Number 1 for developing a strategy to deal with IRS debt is to do a financial analysis of the client to determine what your options are. This involves the client’s information on what they own and...
04/07/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. I have been writing about the statute of limitations as they relate to non-filers. But there are other special circumstances in that Congress and the Courts have developed rules that affect the statute...
04/05/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. Previously I detailed that there was a statute of limitations on when you could file a claim for a refund and get credit for any overpayments. That limit is 3 years from the due date or 2 years from th...
03/31/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. Lots of Non-Filers are not out to rip off the IRS. They figure they have a refund, so the due date is not important to them. After all, the penalties for late filing are all based on the amount owed to...
03/28/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS. The taxpayer refuses to file a return. The IRS records of 1099s and W-2s show that the taxpayer probably owes taxes, so they file a return for the taxpayer. This is called a ‘Substitute for Return’ and...
03/25/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.The IRS cannot assess a tax on you without a filed return. This puts them in a difficult spot. If the taxpayer does not file a return, what can they do to get a balance due on their books? The answer is...
03/23/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.Millions of calls from taxpayers to Taxpayer Service never get answered. After spending hours on hold, you might hear a click and then a dial tone. This is the IRS’s ‘curtesy’ hang-up because their comp...
03/16/2022
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS.  The IRS has more collection powers than any private debt collector in the US system. They can for example seize IRA and 401K accounts. These are off-limits to any other creditor. Given these powers, w...
07/04/2020
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Jim Payne, CPA

CPA firm practicing in the area of IRS Collections
smartphone(352) 317-5692
local_phone(352) 376-9401
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