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Recent Articles & Treatises
- Registration now open for September 17, 2019 CPE Seminar, “IRC Sec. 199A: Wasn’t the Code to be Simplified?” August 26, 2019
- A Journey Through IRC Section 199A: Wasn’t the Code to be Simplified? July 25, 2019
- Tax News & Comment — August 2019 July 25, 2019
- Tax News & Comment – April 2017 March 13, 2017
- Tax News & Comment — May 2016 May 14, 2016
- FROM WASHINGTON & ALBANY — Current Election Probabilities; Tax Plans of Trump and Clinton May 13, 2016
- FROM FEDERAL AND NYS COURTS: Recent Developments & 2015 Decisions of Note May 13, 2016
- IRS & NYS DTF MATTERS: Recent Developments & 2015 Regs. & Rulings of Note May 13, 2016
- Creating and Maintaining Flexibility in Wills and Trusts May 13, 2016
- Escaping the Quandary Posed by Unreported Foreign Accounts May 13, 2016
- Like Kind Exchanges Alive and Well: An Update May 13, 2016
Most Popular
- Executor and Trustee Commissions Under NY EPTL
- Legal Basis for Seeking Abatement of New York State Tax Penalties
- Gain, Loss and Depreciation Issues in Like Kind Exchange
- Income Tax Planning for New York Trusts
- September 17 CPE Breakfast Lecture in Old Westbury, New York -- "IRC Sec. 199A: Wasn't the Code to be Simplified?"
- Executor and Trustee Commissions Under the New York EPTL
- Elements of New York Tax Fraud
- The IRC § 2036 Trap in Planning With FLPs & Grantor Trusts
- Letters Testamentary
- Defeating The Right of Election in EPTL § 5-1.1-A
Tag Archives: federal district court
IRS Collections: Defensive Measures
A taxpayer facing IRS collection should initially determine whether the assessment was timely or whether the 10-year collection period will soon expire. Collections may not proceed if the statute of limitations on assessment was time-barred. Agreeing to extend the statute of limitations on assessment or collection, even if immediate assessment or enforcement action will otherwise is threatened, is not always advantageous. One reason is that interest well above the prime rate will continue to accrue. Continue reading
Posted in IRS
Tagged abatement of interest, Appeals Office, audit, bankruptcy petition, collection due process, federal district court, Freedom of Information Act, innocent spouse relief, installment agreement, IRC § 6015(e), IRC § 6404(e), IRC § 7122. IRC § 6159, IRS collection, IRS levy, judicial review, NFTL, notice of federal tax lien, offer in compromise, refund claim, Reg. § 301.6343-3, statute of limitations, taxpayer assistance order
