Venar Ayar, JD, LLM (Tax)
June 15, 2026 No Comments
The IRS CP90C notice serves two purposes. First, it informs you that a levy was issued against your property. Second, it preserves your right to request a Collection Due Process…
Venar Ayar, JD, LLM (Tax)
June 8, 2026 No Comments
Self-employed tax mistakes aren’t signs of negligence. They’re symptoms of a system that treats freelancers, independent contractors, gig workers, and sole proprietors as both employer and employee without explaining what…
Venar Ayar, JD, LLM (Tax)
June 1, 2026 No Comments
When a borrower defaults on an SBA loan and the SBA determines the debt is delinquent and unresolvable through normal servicing channels, it refers the account to the U.S. Department…
An IRS Notice of Deficiency, or 90-day letter, is a statutory notice giving taxpayers 90 days (150 in some international cases) to file a petition with the U.S. Tax Court…
Venar Ayar, JD, LLM (Tax)
April 30, 2026 No Comments
The IRS CP504 notice is a Notice of Intent to Levy under IRC § 6331(d), issued after prior balance-due notices went unresolved. Taxpayers have 30 days from the notice date…
Venar Ayar, JD, LLM (Tax)
April 25, 2026 No Comments
Responding to an IRS notice requires identifying the notice type, understanding the deadline, and gathering documentation that directly addresses what the IRS is questioning. Ayar Law, a tax law firm,…
Venar Ayar, JD, LLM (Tax)
April 25, 2026 No Comments
IRS Letter 1058 and LT11 are two distinct final levy notices that carry identical legal weight. Both are titled “Final Notice of Intent to Levy and Notice of Your Right…
Venar Ayar, JD, LLM (Tax)
April 21, 2026 No Comments
An IRS CP90 notice is a Final Notice of Intent to Levy issued under IRC §6330, signaling that the IRS completed standard collection steps and is authorized to seize wages,…
Venar Ayar, JD, LLM (Tax)
April 18, 2026 No Comments
The CP503 is the IRS’s second reminder for unpaid taxes, sent after the CP14 and CP501 go unanswered. It includes the updated balance with penalties and interest, a payment deadline,…
Venar Ayar, JD, LLM (Tax)
April 14, 2026 No Comments
An IRS CP501 notice is an early-stage balance due reminder sent when the IRS believes a taxpayer has an unpaid liability for a specific tax year. It typically follows an…
Venar Ayar, JD, LLM (Tax)
April 8, 2026 No Comments
An IRS CP14 notice is the first balance-due letter stating that taxes, penalties, and interest are owed for a specific tax year. The notice lists the amount due and typically…
Venar Ayar, JD, LLM (Tax)
April 3, 2026 No Comments
An IRS Final Notice of Intent to Levy (Letter 1058, LT11, or CP90) means the IRS can seize bank accounts, garnish wages, or take business assets after the stated deadline,…
Venar Ayar, JD, LLM (Tax)
March 23, 2026 No Comments
An IRS CP2000 notice is a proposed tax adjustment issued when IRS records, such as W-2s, 1099s, 1098s, or K-1s, do not match a filed return. Taxpayers generally have 30…
Venar Ayar, JD, LLM (Tax)
March 21, 2026 No Comments
IRS Letter 566 initiates a correspondence audit, requiring taxpayers to substantiate specific return items by mail. The notice identifies the tax year and documentation requested, such as receipts, W-2s, 1099s,…
Venar Ayar, JD, LLM (Tax)
October 16, 2020 No Comments
An audit reconsideration is used when an audit of a taxpayer’s return assessed additional taxes, or a tax credit was overturned. This allows the taxpayer to have his or her…
Venar Ayar, JD, LLM (Tax)
December 14, 2018 No Comments
IRS Record Keeping Guidelines The Internal Revenue Service generally advises taxpayers to retain copies of all tax returns and any relevant supporting documentation for at least the previous three tax…
Venar Ayar, JD, LLM (Tax)
December 11, 2018 No Comments
Nothing strikes fear into the hearts of an American taxpayer like the word “audit.” But there really is nothing inherently bad about them. An audit is essentially a review and…
Venar Ayar, JD, LLM (Tax)
July 2, 2018 No Comments
The Internal Revenue Service regularly performs tax audits of both corporate taxpayers and individuals. Although tax audits are conducted year-long, they often spike during the few months after the tax…
Venar Ayar, JD, LLM (Tax)
July 2, 2018 No Comments
Since the legalization of medical and recreational marijuana use in several states, owners and operators in the industry have seen a decent amount of financial success in their respective trades.…
Venar Ayar, JD, LLM (Tax)
June 22, 2018 No Comments
We get it. Tax audits can be nerve-racking, to say the least. And while there is a lot of information out there on what is appropriate to do, there isn’t…
Venar Ayar, JD, LLM (Tax)
June 12, 2018 No Comments
Audits (which the IRS calls “examinations”) are the stuff of most taxpayer’s nightmares. When people think of tax audits, they automatically assume that some grey suit wearing IRS agent is…
Venar Ayar, JD, LLM (Tax)
June 7, 2018 No Comments
The IRS generally has three years from the date a return is filed or due to issue a Notice of Deficiency. If this period has expired, the IRS can’t assess…
Making wire transfers is a convenient and fast method of moving funds electronically from one bank account to another. The process generally ensures a recipient’s access to funds within just…
Venar Ayar, JD, LLM (Tax)
February 6, 2018 No Comments
Marijuana dispensaries are five times more likely to face an IRS cash business audit. In 1970, lawmakers approved Section 280E of the Internal Revenue Code as a punitive measure in…
Venar Ayar, JD, LLM (Tax)
January 30, 2018 No Comments
When treasury agents get the scent of unreported income in their nostrils, they always use a variation of the good cop-bad cop routine. Sometimes before they even drop the A-word,…
