by Jarter Gao | Oct 21, 2020 | IRS, IRS Collection
The Uncollectible Status and How to Become Uncollectible In this post, I will explain the uncollectible status, also known as the “currently not collectible” status, and how to notify the IRS that you are currently not collectible. When the IRS deems you to be...
by Jarter Gao | Sep 17, 2020 | IRS
Resolving Trust Fund Penalty Assessments In my last blog post, I explained what trust funds and trust fund recovery penalties are and why a business owner should consider these things before deferring payroll taxes under the President’s EO, or even worse, paying other...
by Jarter Gao | Sep 10, 2020 | IRS
Deferring Payroll Taxes? Watch Out for the Trust Fund Recovery Penalty! About a month ago, President Trump issued an executive order that granted employers the option to defer the withholding and deposit requirements of the employee’s portion of payroll taxes, also...
by Jarter Gao | Aug 28, 2020 | IRS, IRS Levy
Stopping the IRS Levy with IRS Form 12153 Earlier this week, I posted a blog entry about how important it is to read your mail from the IRS because it can stop any impending levies. Also, ignoring the IRS notices can cause your tax rights to expire and get into more...
by Jarter Gao | Aug 25, 2020 | IRS, IRS Collection, IRS Notice
Read the IRS Notice! It Will Stop the IRS Levy! It is really important to read the notices that you receive from the Internal Revenue Service! Clients come through my door and have no clue where their cases because they do not open their IRS mail. In addition, they...
