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IRS debt lien ... possible levy??? Federal

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    Betty3
    Senior Member

  • Betty3
    replied
    My second link above has a link to being aware of scams.

    Leave a comment:

  • Pattymd
    Senior Member

  • Pattymd
    replied
    I would have recommended my colleague, but he's in North Carolina.

    Leave a comment:

  • Betty3
    Senior Member

  • Betty3
    replied
    Have your friend talk to a EA. They shouldn't use any of the places you
    mentioned in your first post.

    Leave a comment:

  • Pattymd
    Senior Member

  • Pattymd
    replied
    From my EA forum buddy.

    The IRS can enter into installment agreements on payroll taxes. I don't think there is an automatic installment agreement such as there is for income taxes. I do know they monitor current compliance when there is a balance due from a prior period.

    Leave a comment:

  • Betty3
    Senior Member

  • Betty3
    replied
    http://www.irs.gov/businesses/small/...108328,00.html (Recvd. tax bill info)

    http://www.myirstaxrelief.com:80/ (This is an EA in Ca. (though handles all
    50 states) - it gives you an idea of what an EA can do for you.)
    Betty3
    Senior Member
    Last edited by Betty3; 09-14-2010, 09:28 PM.

    Leave a comment:

  • CatBert
    Senior Member

  • CatBert
    replied
    Originally posted by Pattymd View Post
    I really don't. Honestly, I'd recommend he see an Enrolled Agent. But I know an EA from another board, I'll ask him.

    I don't even want to think what happened to the money that was supposed to be deposited. Seriously, this could put him out of business.
    Until I read this post, I had completely missed the Enrolled Agent comment. I will advise him of this. Thank you again Patty!

    Leave a comment:

  • Pattymd
    Senior Member

  • Pattymd
    replied
    I really don't. Honestly, I'd recommend he see an Enrolled Agent. But I know an EA from another board, I'll ask him.

    I don't even want to think what happened to the money that was supposed to be deposited. Seriously, this could put him out of business.

    Leave a comment:

  • CatBert
    Senior Member

  • CatBert
    replied
    Patty,

    Thank you. I have presented the OIC to my friend. Unfortunately, money is not his friend at the moment.

    I have been pouring over the IRS website for business payment plans; however, I am finding only personal payment plans...anyone know anything about setting up a business payment plan?

    Leave a comment:

  • Pattymd
    Senior Member

  • Pattymd
    replied
    Stay away from those places!

    His best bet is an Enrolled Agent, who can represent him before the IRS. An OIC (Offer-in-Compromise) might be available, if he has some cash he can part with right now.

    And hopefully, this is not the same accountant who didn't pay the taxes in the first place.

    Leave a comment:

  • CatBert
    Senior Member

  • CatBert
    started a topic IRS debt lien ... possible levy??? Federal

    IRS debt lien ... possible levy??? Federal

    Arizona is the state.

    I have a friend who has come to me for advice on an IRS debt. Here is the story as I know it:

    Business is behind on 940/941/944 taxes.

    IRS Agent came to see my friend, told him to get on the ball. Friend called his accountant, accountant met with the IRS. Basically 40k is owed.

    Accountant messed up on some paperwork, missing signatures and things like that, so my friend is weary of having him negotiate a 40k debt (obvious reasons).

    IRS has placed a lien, on what I don't know.

    Friend is now receiving phone calls from every Tom, **** and Harry offering IRS debt negotiation. He is weary of these people because he doesn't want to get scammed while his business is already in some distress.

    Questions:

    What is the best next step for my friend? I suggested a meeting one on one with the original IRS agent.

    Should he consider using one of these tax negotiating services or go back to the accountant?

    Is there some other option?

    I am in no way savvy in the tax field. I hate book keeping, taxes and everything that go along with them, so I thought you folks would be my first stop.

    Thanks!
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