What Taxpayers Should Know About the IRS CP71 Notice and How an Enrolled Agent Can Help

Steve Perry

Published on: 23/06/2025

- The IRS CP71 Notice, titled “Annual Reminder of Balance Due,” alerts taxpayers annually about unpaid taxes including penalties and interest, without immediate collection action but with potential future enforcement. - Ignoring the CP71 can lead to escalated IRS collection actions such as liens or levies. - Steve Perry, an Enrolled Agent (EA) at Books, Taxes & More, specializes in IRS matters and helps taxpayers resolve outstanding tax debts. - He reviews the CP71 notice for accuracy, identifies possible errors or penalty abatements, and explains repayment options like installment agreements, Offers in Compromise, or Currently Not Collectible status. - Steve represents clients before the IRS, handling communications and paperwork to reduce stress and ensure compliance. - Addressing the CP71 promptly with professional help can prevent severe consequences and lead to favorable resolutions, providing taxpayers peace of mind. - For IRS or state Department of Revenue letters, contacting Steve Perry at Books, Taxes & More is recommended to manage tax issues effectively.

Tax education articles and IRS representation advice for individuals and small businesses

Navigate IRS Liens, Levies, and Garnishments Effectively

Steve Perry

Published on: 22/06/2025

- IRS collection actions include liens, levies, and wage garnishments, each with distinct impacts on taxpayers' assets and income. - A lien is a legal claim on property to secure tax debt but does not mean immediate seizure; ignoring it can escalate collection efforts. - A levy enables the IRS to seize assets or garnish wages after multiple warnings, with taxpayers having 30 days to appeal. - Wage garnishments deduct part of wages directly, often causing financial hardship, and continue until the debt is settled or released. - Enrolled agents help protect taxpayer rights, negotiate relief options like installment agreements, currently not collectible status, or offers in compromise. - They can stop or pause aggressive collection actions, file appeals, and manage IRS communications to reduce stress and prevent costly errors. - Facing IRS collections is challenging, but professional representation from Books, Taxes & More provides effective strategies and support for financial recovery.

Tax education articles and IRS representation advice for individuals and small businesses

Understanding IRS LT40: What it means and How an Enrolled Agent Can Help

Steve Perry

Published on: 18/06/2025

Receiving an IRS LT40 Notice can be a daunting experience for taxpayers, as it signifies that the IRS has identified a potential issue with their tax return that requires immediate attention. This notice serves the purpose of requesting additional information or clarification to resolve discrepancies and ensure accurate tax reporting. Navigating the complexities of an LT40 Notice can be challenging, which is why many individuals turn to the expertise of Steve Perry, EA. Steve Perry, EA, as a federally authorized tax practitioner, offers invaluable assistance by guiding taxpayers through their options, including responding to the notice, providing necessary documentation, or negotiating with the IRS on their behalf. Understanding the purpose of the LT40 Notice and the ways Steve Perry, EA can support taxpayers is essential for resolving these matters promptly and effectively.

Tax education articles and IRS representation advice for individuals and small businesses

Understanding IRS Collections: The EA Advantage

Steve Perry

Published on: 17/06/2025

The IRS collection process can be complex and stressful, especially when dealing with unpaid taxes or income discrepancies. An Enrolled Agent (EA) plays a critical role in safeguarding taxpayer rights throughout this process. It often starts with a CP2000 notice, which alerts taxpayers to potential underreported income based on IRS information. An EA carefully reviews this notice and the taxpayer’s documents to challenge any inaccuracies, preventing unnecessary penalties. If discrepancies remain unresolved, the IRS sends escalating payment notices (CP14, CP501, CP503, CP504), with the EA facilitating communication to resolve issues before enforcement actions begin. When tax debts remain unpaid, the IRS issues a final notice (Letter 1058 or LT11), warning of impending levies but offering the taxpayer a 30-day window to request a Collection Due Process hearing. The EA files this hearing request, represents the taxpayer, and explores alternatives like installment agreements, offers in compromise, or currently not collectible status. If enforcement proceeds, the EA intervenes to stop or reduce collections through negotiation or documentation of hardship. Ultimately, EAs are federally licensed experts dedicated to protecting taxpayer rights, representing clients before the IRS, and securing fair resolutions. Early professional help from an EA, such as Steve Perry at Books, Taxes & More, often leads to the best outcomes in IRS tax disputes. Contact: 678-717-9818 | [[email protected]](mailto:[email protected])

Tax education articles and IRS representation advice for individuals and small businesses