If you have tax debt, there are a few ways you can get back in good standing with the tax man, one of these being an offer in compromise. You may be asking yourself “how much should I offer in compromise to the IRS”? Here’s what to know. Tax debt is frightening. A debt to …
Tax debt can cause significant stress, and dealing with it can be a very daunting process. Here’s how to pay back tax debt with IRS payment plans. Tax debt is special in the most insidious way – it follows you everywhere, is almost impossible to get rid of, and can continue to grow at rates …
If you are in bad standing with the tax man, they may initiate garnishment. However, there are ways to stop IRS wage garnishment, here’s what you should know. Wage garnishment is when a creditor takes a portion of your compensation and wages to pay off a debt. Rather than empty out a bank account or …
Bank levies can be a serious matter, especially if you receive multiple notices. You may be asking yourself “how often can the IRS levy my bank account?” This guide can help. The main question here is: how often can the IRS levy a bank account? The short answer is that the IRS can issue as …
Receiving an IRS notice is very stressful, so what should you do if you receive an IRS notice of deficiency CP3219A? Here’s what to know. Receiving letters or notices from the IRS is often a mixed bag. Sometimes it’s good news (like a tax refund), and sometimes it’s nothing (like informing you of a minor …
When it comes to state tax garnishment rules, they are effectively non-negotiable. If you have an eligible income, you have a tax liability, and if you are self-employed, you will have to report and file your taxes diligently and single-handedly. But certain circumstances – from an ineligible deduction on a return to a penalty for …