Tax Problem Solution Services

ITIN con los siguientes números en el medio vencen el 31 de diciembre de 2020: 88, 90, 91, 92, 94, 95, 96, 97, 98, 99. Llámenos!ITIN con los siguientes números en el medio vencen el 31 de diciembre de 2020: 88, 90, 91, 92, 94, 95, 96, 97, 98, 99. Llámenos!

Stimulus checks

What taxpayers should do if they get a letter or notice from the IRS Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are some do’s and don’ts for taxpayers who receive one:... Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific instructions on what to do. Don’t panic. The IRS and its authorized private collection agencies do send letters by mail. Most of the time, all the taxpayer needs to do is read the letter carefully and take the appropriate action. Don’t reply unless instructed to do so. There is usually no need for a taxpayer to reply to a notice unless specifically instructed to do so. On the other hand, taxpayers who owe should reply with a payment. IRS.gov has information about payment options. Do take timely action. A notice may reference changes to a taxpayer’s account, taxes owed, a payment request or a specific issue on a tax return. Acting timely could minimize additional interest and penalty charges. Do review the information. If a letter is about a changed or corrected tax return, the taxpayer should review the information and compare it with the original return. If the taxpayer agrees, they should make notes about the corrections on their personal copy of the tax return and keep it for their records. Do respond to a disputed notice. If a taxpayer doesn’t agree with the IRS, they should mail a letter explaining why they dispute the notice. They should mail it to the address on the contact stub included with the notice. The taxpayer should include information and documents for the IRS to review when considering the dispute. People should allow at least 30 days for the IRS to respond. Do remember there is usually no need to call the IRS. If a taxpayer must contact the IRS by phone, they should use the number in the upper right-hand corner of the notice. The taxpayer should have a copy of their tax return and letter when calling the agency. Do avoid scams. The IRS will never contact a taxpayer using social media or text message. The first contact from the IRS usually comes in the mail. Taxpayers who are unsure if they owe money to the IRS can view their tax account information on IRS.gov.

Have an installment agreement or payment plan? Payments should resume starting July 15 The IRS reminds taxpayers who received tax relief as part of the People First Initiative and didn’t make previously owed tax payments between March 25, 2020 and July 15, 2020 they will need to restart those payments to avoid penalties. Here’s what people need to do to restart their IRS Installment Agreements, Offers in Compromise or Private Debt Collection program payments:... Installment Agreements Taxpayers who suspended their installment agreement payments between April 1 and July 15, 2020, will need to resume their payments by their first due date after July 15. Under the People First Initiative, the IRS didn’t default agreements, but interest did accrue and the balance remained. Taxpayers who had their bank suspend direct debit payments, should contact the bank immediately to ensure their first monthly payment on or after July 15, 2020 is sent to avoid penalties. If someone can’t meet their current installment agreement terms because of a COVID-related hardship, they can revise the agreement or call the number on their IRS notice if they have a Direct Debit Installment Agreement. Offer in Compromise Pending offers If the IRS is currently reviewing a taxpayer's Offer in Compromise but hasn’t accepted it, the taxpayer should restart their required payments on July 15, 2020. The IRS will amend the taxpayer's offer to allow them to pay any skipped payments at the end of the offer period, if the offer is accepted. Accepted offers If a taxpayer has an Offer in Compromise, and they were unable to make the payments because of a COVID-19 hardship, they should restart payments and make up the missed payments by July 15, 2020. If the taxpayer can’t to make up the missed payments, they should call the number on the IRS notice to discuss their situation. Private Debt Collection The IRS didn’t forward new delinquent accounts to private debt collection agencies from April 1 to July 15, 2020 and collection agency interaction with taxpayers was limited to phone calls, unless otherwise requested by the taxpayer. Taxpayers should restart private debt collection payments by July 15. They should also work with their assigned collection agency to establish a new payment arrangement or restructure their existing one based on their current situation. Other payment options Taxpayers who owe but can’t pay, or have questions about their payments, can call the number on their notice but they may experience a long wait time on the phone. IRS.gov offers several convenient ways to make one time or recurring electronic tax payments.

If you owe taxes, but can’t pay by the July 15, 2020 deadline...

God bless America!

IMPORTANT INFORMATION TO CONSIDER BEFORE WITHDRAWING FROM YOUR RETIREMENT ACCOUNT

The Deadline from April 15th to July 15th also applies to filing for unclaimed federal tax refunds from 2016

If you haven’t filed a tax return for 2018 or 2019 must file for 2019 to get an Economic Impact Payment. (Stimulus)If you haven’t filed a tax return for 2018 or 2019 must file for 2019 to get an Economic Impact Payment. (Stimulus)

How to contact the IRS to update information

IRS will not call you to ask for information to send you a stimulus check. Please, share this information.

January 27 - April 15