Have you Received Mail from the IRS or NYSDTF?
Opening and Responding to Tax Notices:
If you received a tax notice from the IRS or NYS you should open immediately. As many of these tax notices are time sensitive and may need to be answered timely in order to preserve your rights i.e. 30 days to request a CDP Hearing or 90 days to Petition U.S. Tax Court.
If You Owe Money to the Tax Authorities:
If you owe money (i.e. back taxes) to the IRS or NYS you may find yourself in “Collections”. If you are not set up on an approved payment plan the tax authorities may levy your bank accounts and/or garnish your wages. Additionally, New York State may suspend your Driver’s License for unpaid taxes. The IRS may revoke your passport for seriously delinquent tax debts. Alizio Law Tax Attorneys can assist you in setting up a monthly installment agreement. Alternately, if you financially are unable to make payments you may qualify for Currently Not Collectible (CNC) status.
Do you have Unfiled Tax Returns?
If you “forget” to file your income tax return the IRS and NYSDTF may file a tax return for you based on information reported by 3rd parties. When individual taxpayers receive tax forms the most common being W2s & 1099s the tax authorities also receive this information. The information reported to the IRS may be used to generate Substitute Tax Returns (STR) for taxpayers who have failed to file a tax return. You do not want the IRS preparing your tax return! The IRS will only generate a Substitute Tax Return if doing so will create a tax bill.
If you do not file your Tax Return(s) you may be leaving money on the table!
There is a statute of limitations on receiving income tax refunds. If you are due a tax refund you must file a tax return to claim refund within 3 years of the filing deadline or alternatively two years from the date tax was paid.
Filing Late or Delinquent Tax Return(s) Sooner is Better than Later.
If there is a balance due on your delinquent but soon to be filed tax returns you will also get hit with interest and penalties. Therefore, the sooner you file your delinquent tax returns the better. Additionally, the statute of limitation stopping the IRS from auditing a tax period does not begin to run until the tax return has been filed.
We are Here to Help you!
Alizio Law, PLLC is a Tax Law firm dedicated to providing comprehensive legal advice and support to taxpayers. Peter E. Alizio is both an Attorney and Certified Public Accountant representing individuals and business in disputes with the IRS and NYSDTF.
Our Services Include:
- Entity Formation
- Tax Return Preparation
- Unfiled and Delinquent Tax Returns
- U.S. Tax Court
- Audit Representation
- Audit Reconsideration
- IRS Appeals
- IRS Collections
- IRS Offer in Compromise
- IRS Liens & Levies
- NYS Voluntary Disclosure Program
- Audit Representation
- NYSDTF – Civil Enforcement
- New York Tax Warrants
Suffolk County Links:
If you need help with a tax matter or wish to speak with a tax attorney, please contact our law firm at (212) 520-2906.