26 U.S.C. § 6330(e) contains a provision that is little celebrated and underutilized by people facing off with an Federal tax levy of their bank account or paycheck. That subsection provides in pertinent part:
“(e)  Suspension of collections and statute of limitations
“(1) In general
“… if a hearing is requested under subsection (a)(3)(B), the levy actions which [...]

Winning on Frivolous Return Penalties

If you filed a Cracking the Code IRS tax return as taught by Pete Hendrickson, a zero return as taught by Irwin Schiff, or a 1099 OID you may eventually have to deal with the new IRS frivolous return penalty of $5000. This video explains the route that gives you [...]