Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I recently received a Request for Your Tax Return, IRS Notice

Customer Question
I recently received a "Request...
I recently received a "Request for Your Tax Return," IRS Notice CP-59, regarding my 2009 Tax Return. I learned from my tax preparer that it may NOT have been sent, and that I owed over $10K to the IRS ("due 4/15/10"), this is NOT an IRS Letter 1618 where taxpayers have only 10 (ten) days to respond, but I need some advise ASAP - especially, if & how I should handle a call to the IRS. Please advise.
Submitted: 6 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
6/2/2011
Tax Professional: Jax Tax, Tax Attorney replied 6 years ago
Jax Tax
Jax Tax, Tax Attorney
Category: Tax
Satisfied Customers: 1,408
Experience: JD, LL.M in Business and Taxation, IRS Enrolled Agent. Expert in Business and Tax Transactions
Verified

Jax Tax : Welcome to JA. I am here to help.
Jax Tax :

First. File the return ASAP. There are penalties for late filing that continue to accrue. You need to mail the return as you can no longer e file a 2009 return.

Jax Tax :

You can include IRS for 9465 asking for a payment plan for the amount due. I would assume that if the amount on the return is $10K, it is close to $15K by now with penalties and interest.

Jax Tax :

1. The amount due- The best thing to do is to pay it. Interest will continue to compound daily retroactively from the original due date of the return. Pay the full amount as soon as possible to avoid owing more. If you cannot pay, and the total balance is under $25K, send IRS form 9465 as soon as possible to avoid the IRS taking collection action and filing a tax lien. The payment requested must pay the amount due within 60 months. If you cannot afford that, you need to complete IRS form 433F. The IRS will set a payment based on your financial ability to pay but will file the lien.



id="JA_chatMessage_4" class="JA_chatMessage JA_persAActive">




2. Penalty- You can file IRS form 843 to request the IRS remove the penalties. You will need a good reason for not including the income on your return, and you have a better shot if you pay the amount in full first. If approved, the IRS will refund the penalty that was paid.






3. Interest- The IRS will remove interest that has been charged on penalties if they remove the penalties. Otherwise, their is not method of requesting the reduction of the interest.






10:24 PM



Note: Do not file an Offer in Compromise attempting to settle the debt. It will take 6 months to 2 years to process while interest continues to acrue only to be rejected. Then you owe twice as much. I would not take such steps without great representation.






10:25 PM



I hope this helps. If so, please accept so that I receive credit. Feel free to comment as well. If you have further questions, please let me know.



Ask Your Own Tax Question
Customer reply replied 6 years ago
OK, and from $10K to $15K ? wow 50% in interest, fees, penalties - seems like (illegal) usury.... how much can they charge ?
Tax Professional: Jax Tax, Tax Attorney replied 6 years ago
I think usury went out the window about the time capitalism cam in, but you are right. 5-6% interest compounding daily and up to 50% penalty. You need to pay what you can now, and put the return in the mail yesterday.
Ask Your Own Tax Question
Tax Professional: Jax Tax, Tax Attorney replied 6 years ago
Was I right about the retiement account? How old are you, what did you pay with the money?

It makes the 843 very important. If you are in a State with tax, you may want to take a look at it too.
Jax Tax
Jax Tax, Tax Attorney
Category: Tax
Satisfied Customers: 1,408
Experience: JD, LL.M in Business and Taxation, IRS Enrolled Agent. Expert in Business and Tax Transactions
Verified
Jax Tax and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Jax Tax Your Own Question
Jax Tax
Jax Tax
Jax Tax, Tax Attorney
Category: Tax
Satisfied Customers: 1,408
1,408 Satisfied Customers
Experience: JD, LL.M in Business and Taxation, IRS Enrolled Agent. Expert in Business and Tax Transactions

Jax Tax is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
How to find out if I have a irs levy or lien. My mother
my mother passed away in 1999 I was her heir/executrix, in 2005 met life reported underlying shares and I just discovered it. Also, in 2008 I began working contract labor until about 2011 and got behind in taxes, to be exact about 12,000 payments have been sporadic, except for they take my 1400 tax return at the end of each year. can the IRS take my unclaimed texas state property … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
Lev, I am preparing federal unfiled tax returns for a client
Good morning Lev, I am preparing federal unfiled tax returns for a client of mine. I am also ready to finalize the 2014 tax return and there is an NOL created on his return. The client has already fil… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My husbandd found he has a tax lien on his credit for the
my husbandd found he has a tax lien on his credit for the state of alabama. we filed an appeal because we had moved to Texas in the same year. alabama says he still owes. can we make a partial payment… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,452 satisfied customers
I have a tax lien from the state of Iowa. It concerns the
I have a tax lien from the state of Iowa. It concerns the years 2005, 2006, 2007. When I asked them for "proof" that I owed them, they said that records that far back are no longer available. (They ch… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,452 satisfied customers
For a ny state partnership tax return, if you file an
For a ny state partnership tax return, if you file an extension but don't pay anything and then end up owing a lot. Do they still recognize the extension or do they charge a failure to pay penalty (fo… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
How do I get a State Tax Lien off my credit report!!! My
How do I get a State Tax Lien off my credit report!!! … read more
abci168
abci168
Principal
27 satisfied customers
I filed for an extension to file my 2017 income tax return.
I filed for an extension to file my 2017 income tax return. I recently suffered a stroke - 6 weeks ago - and have been unable to finalize my return. I should be able to file it within the next 30 days… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,452 satisfied customers
Is a tax return less likely to be audited if it's prepared
Is a tax return less likely to be audited if it's prepared by a CPA or simply a tax person? Secondly, our Rotary Club is a 401 C for we have a 401 c 3 Foundation the question is can individual members… read more
socrateaser
socrateaser
1,031 satisfied customers
I filed my Form 1040, prepared on TurboTax and filed
I filed my Form 1040, prepared on TurboTax and filed electronically via TurboTax. I got nothing back and was told by the IRS that the refund was sent to a different bank transit number than the one sh… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,452 satisfied customers
A Form 1041 is filed for a Credit Shelter Trust & shows a
A Form 1041 is filed for a Credit Shelter Trust & shows a loss on the Taxable Income line (Page 1, line 22). Is this loss carried forward?… read more
abci168
abci168
Principal
27 satisfied customers
My tax preparer is with Liberty Tax, and filed incorrect
Hi. My tax preparer is with Liberty Tax, and filed incorrect returns without my knowledge or significantly … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
717 satisfied customers
A Form 1065 partnership return is being prepared for a
A Form 1065 partnership return is being prepared for a partnership whose General Partner is a single member LLC. In the Analysis of Net Income (Loss) section at the top of page 5, is the LLC's portion… read more
taxmanrog
taxmanrog
Master\u0027s Degree
697 satisfied customers
After a tax judgment/lien is filed with County Clerk--what
After a tax judgment/lien is filed with County Clerk--what is the SOL for the authority to collect on that lien? I assume after that period the judgment/lien is unenforceable. … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Can franking credit on an Australian income tax return be
Can franking credit on an Australian income tax return be used on Form 1116 as tax paid on the franked distributions? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I have a question about an irs lien. I have a lien for taxes
I have a question about an irs lien. I have a lien for taxes due. The statute of limitations is close to expiring. The submitted a revocation of lien release. The statute tolled for 1 yr & I understan… read more
Andrew Jordan
Andrew Jordan
Shareholder
Master\u0027s Degree
5 satisfied customers
Are there ways to defer or stop a state income tax lien that
HelloAre there ways to defer or stop a state income tax lien that has been sent an employer? (State taxing department did not want to do a payment plan)I live in the state of Virginia?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Are there ways to defer or stop a state income tax lien that
HelloAre there ways to defer or stop a state income tax lien that has been sent an employer? (State taxing department did not want to do a payment plan)I live in the state of Virginia?… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
A state tax lien was placed on me, it has impacted my credit
A state tax lien was placed on me, it has impacted my credit negatively. When I pay this off, how do I request a tax lien withdrawal from the state of Michigan? … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x