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Gary Bode, CPA is a Master's Degreed, nation wide accountant offering tax and business services. Member of AICPA and NCACPA. Our virtual office provides excellent service to long distance and international clients. Call (910) 399-2705 for a free phone consult.

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Back Tax CPA discusses IRS Notice CP 90 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

back tax cpa wilmington nc discusses IRS Notice CP 90

Gary Bode, CPA: IRS Notice CP 90 probably deserves CPA attention. For a free initial phone consult, call 399-2705.

Back tax CPAs take IRS Notice CP 90 seriously. By the time CP 90 arrives, the IRS probably has a federal lien in place. This instantly kills your credit. The IRS will levy you in 30 days! Generally they start with wage garnishment, which is embarrassing and annoys employers. CPAs think of IRS Notice CP 90 as the end game in chess. Make every move count.

Actions a Back Tax CPA might take to Counter Notice CP-90

I’m happy to discuss steps I might take, as a CPA, to counter, or at least mitigate, CP-90.  But you can’t reasonably rely on this post or website alone for advice. Why? Your particular circumstances have to be factored in.

Related posts:

In no particular order:

  • Make sure all back tax returns are filed with the IRS. Sometimes you can invoke an economic hardship case with the IRS. This could delay, indefinitely, when they’ll levy. But all your back tax returns have to be filed first.  And you have to prove that levying would destroy your family’s stability.
  • Don’t assume the IRS figures are correct, especially if you have unfiled back tax returns. Notice CP-90 only presents their version.
  • Try to get a local IRS Agent assigned to the case. This is different from calling them and speaking to a Rep. You can receive Notice CP-90 and still be their Automated Collection System. An Agent can cut through all that red tape.
  • Hire an experienced CPA, us, if don’t already have one. Usually the IRS is happy there is a professional to work with and allows us additional time to prepare your case. Few cases with professional representation proceed as far as Notice CP 90.
  • The IRS must follow their own rules. Read Publication 594, What You Should Know About The IRS Collection Process. Any back tax CPA would tell you it pays to watch them. They’re not malicious. But, while you have recourse against violations, it may be too late to actually help you.
  • File Form 12153, Request for a Collection Due Process Hearing, if the IRS demand is incorrect. Be very sure they are, in fact, not correct!
  • Read Publication 1660, Collection Appeal Rights, in case you lose the Collection Due Process Hearing.
  • Make an Offer in Compromise, IRS Form 656. Don’t use one of those late night TV offer mills, or least read our posts on actions the government has taken against them. However, an Offer in Compromise takes time and expertise. But the IRS delays the levy while they are considering it.
  • Setup an Installment Agreement with the IRS.
  • Pay the IRS in full. I understand this is unrealistic. But sometimes families will help. You might have equity in your home to tap.
  • Call the Taxpayer Advocate.
  • Think about re-structuring your finances after CP 90 consequences play out.
  • Consider bankruptcy. Talk to an attorney. Generally you can’t discharge taxes through bankruptcy. And if it is possible, timing is crucial. The threat of bankruptcy might make your IRS Agent amenable to other alternatives listed above.

We’re a back tax CPA firm in Wilmington NC. But our virtual office allows us to offer excellent service to long distance and international clients. Please read any of our posts to help gauge our expertise and proactive philosophy. We offer a free initial phone consult. (910) 399-2705

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