Blog
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 uncollectible, it will not take any levy action against you and...
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 creditors with the employees’ withheld...
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 known as FICA taxes. These payroll taxes include taxes withheld for Social...
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 trouble with the government. This post is a...
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 miss out on important appeal deadlines and can no...
Covid-19 Updates on IRS Operations
For today’s post, I will summarize the status on IRS examination and collection operations as of August 2020. Back on March 25, 2020, the IRS launched “The People First Initiative” program which postponed Installment Agreements and Offers-in-Compromise payments and...
Avoiding a Federal Tax Levy in Marietta, Georgia
Taxpayers throughout Metro-Atlanta, Georgia and, especially in Marietta, Georgia, often contact me about worries of having their money seized (“levied”) by the IRS. Usually, these taxpayers have received an IRS notice and have heard horror stories of how the IRS deal...
The 10-Year Tax Collection Statute and Why It Matters to You
During these stressful times, it is important to have a strategy on how to handle your finances, which unfortunately includes taxes for many Americans. As part of your strategy to tackle your past due taxes, you must know that the IRS has only 10 years from the date...
What To Do If You Cannot Pay the Taxes
So what happens when you cannot pay your federal and state taxes? According to the IRS, there are more than 13 million taxpayers in the IRS collections division inventory at the end of 2019, compared to 2018 where there were over 14 million taxpayers. Like the one...
Contact a Tax Attorney Atlanta — free one-hour consultation
If you are facing a tax dispute or audit, you probably have questions, and Gao Tax Law has the answers. Our mission is to help you obtain a fair resolution to your tax debt and to provide you with excellence, integrity, and personal attention every step of the way. This begins with a confidential one-hour consultation at no cost to you, where we will thoroughly examine the facts of your case and guide you through your options.
Located in the Cumberland-Vinings area, we serve individuals, families, and business owners throughout Metro Atlanta. Our goal is to make the tax resolution process as easy as possible for our clients, and as a partner with Regus and its network of workspaces, we can meet at a convenient location near you.
Your future is bright with Gao Tax Law Firm LLC. If you’re ready to begin your road to relief, contact us now and we can create better solutions for you in no time.