A lien can significantly and negatively impact your life, but when does the IRS file a tax lien and how can you remove them? Tax liens are issued against individuals with an outstanding tax balance who have failed to address their debt before a given deadline. For taxpayers with a tax debt of more than …
Is there a way to receive IRS debt forgiveness? Yes, but only partially. True total tax debt forgiveness is only possible when a taxpayer’s account was erroneously charged more than it should have been (Doubt as to Liability), in which case the IRS may even issue a tax credit if it turns out you overpaid. …
With the rise of COVID-19, the United States has seen an increase in COVID related tax fraud. Here’s how to protect yourself from these scams. The IRS recently released a statement on the prevalence of COVID-19 related tax fraud, specifically text-based tax fraud scams that prey on people’s vulnerabilities by promising additional tax credits, economic …
Receiving a Notice of Federal Tax Lien can be intimidating. Luckily, a professional tax attorney can help you navigate your taxes and help you determine your options. As an agency of the United States government, the IRS has unique tools at its disposal to collect tax payments – especially in cases of particularly tardy or …
Understanding the IRS audit process is essential to determine your best course of action against an audit. Here’s what to know. There are few things scarier than the prospect of being audited by the government for your hard-earned money, especially when the result might be a heftier tax bill. Thankfully, IRS audits aren’t as scary …
There can be consequences of receiving a Notice of Federal Tax Lien. One of the main concerns is: how long does a tax lien stay on credit reports? The IRS utilizes federal tax liens as both a deterrent and a part of their collection process. When a taxpayer has a hefty unpaid tax debt, federal …