Lloyd D. Cohen
Attorney at Law
Standing between you and the law since 1979


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LLOYD D. COHEN,  Attorney at Law


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Tax Q & A:

Q: Why Do I Need a Tax Lawyer?
A: If you have tax problems, you need a Tax Lawyer because: 
  1. Most people, most probably you and your accountant, are not specialists in Tax Law, Tax Relief Negotiation, and interpreting tax loopholes for your benefit. 
  2. If you must appear in Tax Court, it is in your best interests to be represented by a specialist who knows Tax Law. 
  3. Tax Attorneys are trained to find the vagueness in tax law that gives you the benefit of the doubt. Your Accountant is trained to present only the numbers and is by law required to tell the State or the IRS even the most confidential information you have relayed to her or him. 
  4. It's always better and more comforting to have a professional face the IRS for you.
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Q: What is a Tax Appeal?
A: If you do not agree with the results of a state or IRS examination of your tax return, you may appeal their decision. You also may appeal penalties, Offers in Compromise, levies, liens, tax seizures, trust fund recovery penalties, employment tax adjustments, and abatement of interest. As an expert in Tax Law and Tax Relief Negotiation, I can negotiate with the State of Ohio or the IRS to get you the best settlement.
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Q: What is a Tax Power of Attorney Appointment?
A: Put your representative in direct contact with your collection agent and give your representative the authority to negotiate for you by having a Power of Attorney form prepared and filed with the IRS or the Attorney General of Ohio.
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Q: What is a Tax Transcript?
A: Your tax transcript is a concise historical record of all transactions relating to each tax year. It is possible to obtain this record, and it is possible to obtain a "Plan analysis" recital of your tax history. This forms a basis for advanced analysis of your tax situation. It allows your tax representative to comb your transaction for "loopholes" in your favor and errors that may have been committed by the government.
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Q: What is a Due Process or Collections Appeal?
A: Government is required to be able to justify any "taking" from you. The IRS or the State not only must justify the tax claim but also must follow strict rules regarding tax collection. If any of these rules are violated, a hearing can be requested for the purpose of stopping collection. You may be eligible for a Due Process Collections Appeal if you have received a:

Notice of Federal Tax Lien Filing (IRC 6320) 
Final Notice - Notice of Intent to Levy and 
                   Notice of Your Right to a Hearing 
Notice of Jeopardy Levy and Right of Appeal
Notice of Levy on Your State Tax Refund - Notice of Your Right to a Hearing

If you have received any of these notices, you have only 30 days to file a request for a Due Process Collections Appeal. Ignoring any of these Notices only makes your situation worse, and may eliminate your opportunity to negotiate for a better deal. I can help you through this process and help you put an end to your tax problems.

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Q: What is a Tax Lien?
A: If for any reason you have not paid all your taxes, the State or the IRS may legally collect the unpaid amount by taking your assets, including your bank accounts, your car, your wages, investments, even your home. This is called a Tax Lien. If you have a Tax Lien filed against you, do not ignore it. I can halt these actions temporarily and can help you negotiate a deal with the State or the IRS.
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Q: What is a Tax Levy?
A: A Tax Levy is the confiscatory action the State or the IRS takes after they have filed a Tax Lien and you have ignored it. A Tax Levy is an immediate seizure of your assets to pay the taxes, penalties, and interest you owe. I can help you stop collection until I can negotiate a better deal for you with the Tax Collecting agency. This may include an Offer in Compromise. 
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Q: What if I haven't filed State or IRS returns?
A: Eventually you'll get caught, and it won't be pleasant. The IRS or the State of Ohio might even bring criminal charges against you for failing to file tax returns. I can evaluate your circumstances and choose the best course to take to minimize any criminal charges.
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Q: What if I haven't filed State or IRS returns?
A: Eventually you'll get caught, and it won't be pleasant. The IRS or the State of Ohio might even bring criminal charges against you for failing to file tax returns. I can evaluate your circumstances and choose the best course to take to minimize any criminal charges.
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Q: What is Offer in Compromise?
A: It is possible to submit an offer to the IRS to pay only a small part of a tax debt. Why would the IRS agree to that? Because collection of something is better than no collection at all. If you can argue that payment of the entire tax is impossible or even a just hardship, it is possible to get the IRS to compromise. We can handle this for you, determining the lowest possible amount you will need to pay, and negotiating for the agreement that is best for you. Additionally, getting approval of an Offer in Compromise usually takes from six months to a year, during which time, collections activities are suspended.
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Q: What is an Installment Payment Agreement?
A: Even if the IRS has not committed any due process violation and even if they will not accept an Offer In Compromise, they may still agree to let you make small payments on your taxes over time. A request for installment payments must be filed with a financial disclosure establishing what you are able to pay.
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Q: Can a Taxpayer Ignore a Tax Notice?
A: No. You have 30 days from the date of the Notice issued by the IRS to pay in full or make other arrangements. If you do nothing, the IRS may seize your assets, including checking accounts, savings accounts, wages, investments, and may even take your house. Let me help you through this problem to find the solution that is best for your situation.
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Q: Does Bankruptcy have anything to do with Taxes?
A: There are some types of taxes that can be discharged in bankruptcy. As with other tax matters, the rules are complicated, but it is possible that you can actually file bankruptcy and discharge taxes.

If you believe you are in need of legal service, please click here, and our office will provide you with a preliminary evaluation regarding whether Attorney Cohen may be able to help you resolve your concerns. If you prefer, you may call Attorney Cohen's office 24/7 at 1-866-LDCOHEN (866-532-6436) or 614-444-4211. Telephone calls will reach us faster than email.

 

The information contained in this web site is intended for marketing and information purposes only. It is not to be construed as legal advice. It is not an offer to represent you, nor is it intended to create an attorney-client relationship. Before Attorney Cohen will represent you as a client, he will need to spend time with you in person, reviewing and analyzing the circumstances of your financial or legal problems.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Requires the following notice: We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This web site is not an offer to provide bankruptcy assistance services to any assisted person as defined under Section 527(a)(2) of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Law Offices
824 South High Street
Columbus, Ohio 43206 (
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just minutes from 1-70/1-71
1-866-LDCOHEN (866-532-6436)
614-444-4211
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Friday, evening, and weekend hours by special appointment only

   

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