Music, hi, and thanks for stopping by. I'm Larry Weinstein, and I'm both a CPA and the founder of solvemytaxproblems.com based in Houston, Texas. In today's video, I wanted to answer the question: what is the advantage of filing for a Collection Due Process (CDP) hearing? The primary advantage of filing for a CDP hearing is that it can stop the IRS collection activity in its tracks. To do this, you must file for the hearing within 30 days of receiving a letter 1058 from the IRS, which is also known as the final notice of intent to levy. It's important to note that the 30-day deadline is based on the date of the letter, not the receipt. Filing for a CDP hearing protects your rights and prevents the IRS from garnishing your paycheck or seizing your bank account temporarily. It's an unpleasant experience to have these actions taken against you, but filing for a hearing will keep the IRS at bay until you have your CDP hearing. To file for a CDP hearing, you need to submit Form 12153, which is a request for a collection due process hearing. Make sure to meet the deadline and send in the form within the 30-day period from the date of the letter 1058. That's it for today's video. Thanks for stopping by, and feel free to give me a call if you have any questions.
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Who needs 12153 Form: What You Should Know
The form must include all the following: The date of the action being claimed as a claim of a civil penalty or penalty for deficiency or an assessment. The name and address of the person whose claim, assessment or investigation you must address. Whether, and to what extent, there are issues of payment of tax. Whether the person has been assigned a collection agent. The date of the action you claim to be the basis for the complaint. When should this time be? Separate forms (form 12153A, B, C, D) may be needed. When the action is claimed as a tax deficiency or a tax assessment. When you are requesting a Hearing, please review the instructions on the instructions for Taxpayer Advocate Office (TAA) and a Taxpayer Advocate Specialist (TAS) before you complete The form will require information and supporting information. Your supporting information must be true and correct to the best of your knowledge and belief, but not more than the amounts shown on the IRS Schedule A of the original notice or Form 1099-INT. Please keep any supporting papers (in paper format) and have them available if your request is denied. What can I do if I don't want to go to a hearing? Please be as specific as possible with your responses and provide as much detail as possible. However, we will only address your request if we think it is accurate and proper under the circumstances. Please note that failure to provide supporting evidence to support your claims may trigger further action. Please keep in mind that we have the right to deny a Request for a hearing due to tax issues other than those listed. Please read the instructions carefully before you fill out and send the form to us. If your request for Hearing is denied, you will not be reauthorized to request another hearing. As soon as we receive your Notice of Hearing denial, you will stop being able to make further payments for the tax issue that is the basis for the hearing. Why are the forms separate and not bundled? We don't send the same notices to same people on different forms. For the same person to request a hearing, you need to have separate forms. Can I get a second round of payment if my request for tax refund for the past period or tax year is denied? If you get your tax refund again and find that you owe any additional tax for that period or year, a second round of payment can be made.
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