Treasury Issuance Guidance to IRS Collections to Avoid Levy of EIP 2 Funds
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Treasury Issuance Guidance to IRS Collections to Avoid Levy of EIP 2 Funds

ByJustin Hughes - JD, CPA, LLM

On Wednesday January 20, 2021, the Department of Treasury issued a memorandum[1] (the “Memo”) implementing temporary measures with respect to levy procedures to avoid levying bank accounts with funds from the second round of Economic Impact Payments.[2] The second round of economic impact payments (“EIP 2”) is generally $600 for individuals and $1,200 for married…

Acceptance, Signature For Certified Mailing By Unauthorized Party Does Not Stop 30 Day Clock To Request CDP Hearing
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Acceptance, Signature For Certified Mailing By Unauthorized Party Does Not Stop 30 Day Clock To Request CDP Hearing

ByJustin Hughes - JD, CPA, LLM

In Ramey v Commissioner, 156 T.C. No. 1 (2021) (available in Tax Notes free resources here), the IRS mailed a final notice of intent to levy (LT11) to the taxpayer’s last known address (and actual address) via certified mail return receipt requested. The address was a shared office location (i.e., multiple businesses were located at…