Steven BUONOMO's (steve6611) Blog

I represent taxpayers in Bucks and Montgomery county PA who have tax issues.  This week we will discuss LT11.What is LT11 (IRS notice Letter 11) ?LT11 is an IRS notice you cannot ignore.  LT11 says to the taxpayer that the IRS is going to levy your bank account or wages. LT11 usually arrives via ...

I represent taxpayers in Bucks and Montgomery county PA with tax issues. Today's topic is what is a  IRS Notice CP2000 and what do I do about it?I have recently seen an uptick in IRS notices CP2000s.  A CP2000 notice results when the IRS records (W-2 or 1099 information for example) do not match ...

I represent taxpayers in Bucks and Montgomery county PA who have tax issues.Haven’t filed a tax return in a while ?  Do I have file every return that I missed? What if I have not filed in 5 years? Or 10 years?   What if I do not have the records anymore?  No Problem.  The IRS only requires a taxp...

I represent taxpayers who have IRS issues in Bucks and Montgomery county PA. You need to a file a tax return in order to get your stimulus check!    If you did not file in 2018 or 2019 and you qualify for a stimulus check, you need to file your 2020 tax return to take advantage of the benefit thr...

I represent taxpayers who have IRS issues in Bucks and Montgomery county PA.2021 Tax Season starts Feb. 12thThe Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.The Fe...

I represent taxpayers in Bucks and Montogomery county PA with tax issues.  Today, I will briefly discuss one of the 10 year Collection statute & why it is so important.How long does the IRS have to collect money from me?The answer is typically 10 years from the assessment. However, there are some...

I represent taxpayers in Bucks and Montogomery county PA with tax issues.  Today, I will briefly discuss one of the most powerful tool's in the IRS' toolbox: Tax Levy.What is a tax levy?  The IRS using its authority gain possession of a taxpayer's property without going to court.  A tax levy coul...

I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues. Today, the IRS reinforced on their website (www.irs.gov) their highest priority right now is High Income / Non-Filers. Eric Hylton, Commissioner, Small Business/Self Employed, explained the...

Happy Halloween Bucks County, PA - Don't be Afraid, the IRS is not so Scary!I represent taxpayers who have IRS's issues in Bucks County PA and a lot of clients come to me just after receiving a tax notice from the IRS. Most people's reaction when they receive a notice from the IRS is a gut wrench...

I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues.  I have recently seen an uptick in individuals who have not filed tax returns, some for many years. In fact, the non-filer issue is a major priority of the IRS, who have stated publicly tha...