Best Tax Lawyers Eugene, OR

Eugene, OR Tax FAQs

• Where does the Tax Court hold trial sessions closest to Eugene, Oregon?

  There isn't a permanent courtroom at the Tax Court that conducts trials the closest to Eugene.

• Where is the low-income taxpayer clinic that is closest to Eugene, Oregon?

  520 SW Sixth Avenue, Suite 700, Portland, OR 97204 is the address of the low-income taxpayer clinic that is nearest to Eugene.

• What exactly is a CP-504 notice from the IRS in Eugene?

  If you received a CP-504 notice in Eugene, it means you ignored previous IRS notices. Additionally, the IRS intends to seize some of your assets. You will receive one of these letters for each year in which you owe taxes. You may still receive this notice if you have chosen to pay in installments or have been classified as being in hardship.

• How is the monthly penalty for submitting a late tax return in Eugene calculated by the IRS?

  In Eugene, the penalties for late filing and late payment of taxes are 5% and 0.5%, respectively. Therefore, the total penalty is 5.5% of the monthly tax that was not paid. The IRS will continue to assess a 0.5% monthly late payment penalty, up to a maximum of 25%. As a result, the IRS will impose a maximum penalty of 52.5% for late filing and payment, or 27.5% for late filing and an additional 25% for late payment.

• Will your offer in compromise in Eugene reflect on your credit record?

  No. An offer in compromise in Eugene will not appear on your credit report and will not be disclosed to credit reporting agencies. Your credit score will not suffer as a result of a compromise offer. If, on the other hand, you choose to ignore a tax issue, the IRS will file a federal tax lien notice against you, which may appear on your credit report.

• How long does it take to finalize your offer in compromise if you are a wage earner in Eugene?

  Completing your offer in compromise takes at least six months if you work as a wage earner in Eugene and can easily demonstrate your salary. Typically, the IRS responds within 60 to 90 days. It is common for each side to take another 90 to 120 days to respond to the discussions and potential appeal.

• Does the IRS have the authority to turn your Eugene home's tax lien into a foreclosure sale?

  Yes, the IRS has the authority to convert the tax lien on your Eugene property into a foreclosure sale under certain conditions. Before authorizing a foreclosure, an IRS manager or supervisor must consider several factors, including the taxpayer's overall financial situation, their ability to make payments, and the track record of making tax-related payments.