IRS Letters Archives - Silver Tax Group

06 Mar 2024

IRS Bank Levies: The Ultimate List Of FAQs

Key Takeaways: IRS levies are placed on personal property, like bank accounts or real estate, to pay off a taxpayer’s tax debt You can avoid IRS bank levies by paying taxes when they’re due, filing taxes on time, or requesting a payment plan with the…

17 Jan 2024

How To Negotiate With The IRS Efficiently: The 2022 Guide

Key Takeaways: Use these strategies to negotiate effectively with the IRS in 2024. Choose the right resolution program Understand the rules and requirements for the program Be prepared with financial details and tax code knowledge Don’t take no for an answer Stay positive Provide required…

17 Jan 2024

IRS Letter 725-B Explained: Essential Guide For Understanding Your Notice

Getting hit with an IRS letter can knock the wind out of your sails. If you’ve landed a IRS notice 725b, you’re facing a sit-down with the taxman, and that’s no small deal. This notice is a bit different from a CP2000 notice. Notice 725-b…

07 Apr 2023

How The IRS Automated Underreporter Unit Works And What It Means For You

Key Takeaways: Americans underreport 4% to 5% of their income, on average, and the tax gap continues to be a problem for the IRS The tax gap happens when there is a big difference between the taxes owed versus the taxes actually paid each year…

26 Dec 2022

7 Signs You Need To Speak To An IRS Tax Attorney ASAP

Key Takeaways: Tax attorneys help clients deal with a variety of IRS issues and disputes, like audits and tax charges Seven signs you need to work with an IRS tax attorney: You haven’t filed in several years You’re self-employed or have several investment income streams…