Tax Tip Videos

Table of contents

Currently Not Collectible
Delinquent Tax Returns
Installment Agreements Under 25K
Mail Audit
Notice CP2000
Notice of Federal Tax Lien
Notice of Intent to Levy
Trust Fund Recovery Penalties

Tax Tips Video Blurbs

Tax problems and notices from the IRS often send people into a state of panic. The good news is that in many cases, you can handle issues on your own through direct communication and submission of the correct forms to the IRS. In other cases, you may need professional assistance to help get the right resolution. These videos give you some background so you can determine your next moves.

Currently Not Collectible

Showing that you qualify for Currently Not Collectible Status with the IRS can eliminate your immediate obligations and even reduce long-term obligations. Here's how this form of collection relief works.

Delinquent Tax Returns

If you haven't filed tax returns, ignoring the problem will only make it worse. Find out how to address delinquent returns and learn where you may be able to save yourself some time.

Installment Agreements Under 25K

If you're requesting an installment agreement with the IRS for less than $25,000 in tax liability, you can qualify for a “streamlined installment agreement.” Learn the benefits and how you could lower your payments.

Mail Audits

What should you do if you receive a request for a mail audit? Find out how to communicate with the IRS and when to seek professional assistance.

CP2000 Notices

Getting a CP2000 notice of a discrepancy could result from a simple mistake you can correct directly with the IRS or it could signal a problem requiring professional tax advice. Learn how to handle these notices.

Notice of Federal Tax Lien

A federal tax lien can make it difficult or next to impossible to sell property or refinance a loan. Here's what you need to know about federal tax liens.

Notice of Intent to Levy

Receiving a notice of intent to levy your assets can be frightening, but there is a process and procedure for addressing the issue. Find out how to stop a levy and when to seek professional help.

Trust Fund Recovery Penalties

When a business fails to submit certain employment taxes, both the business and the individual owners could face trust fund recovery penalties. Learn how these penalties are assessed and how to handle them.