Payments for the new IRS Child Tax Credit are to begin July 15, 2021, but what is this type of credit, how has it changed, and how may it affect you? Will you receive the new Child Tax Credit, or should you opt out? While the COVID-19 pandemic continues to decline as vaccination programs pick …
During the pandemic, the IRS temporarily halted all collection actions. In the coming months, IRS Collections will begin again, impacting taxpayers across the United States. Here’s what you need to know. As we enter a post-pandemic state, the IRS begins to normalize the collection process and return to its regular pace. This will have an …
If you find yourself owing money to the IRS, it can be a very stressful situation. One thing to note and understand is that there are IRS statute of limitations on your debt – here is what to know. Tax debt is not forever. There are limits to what the IRS can do – and …
How much money can be garnished from your paycheck? This guide explores the collection process and wage garnishment calculations. The reputation of the IRS usually precedes it, to the point that most people know the IRS can take your money if you owe taxes for too long or owe too many taxes. But what most …
Receiving an IRS notice can be extremely daunting, but do not stress. Here is a list of five types of IRS notices and what they mean for you. The IRS sends out hundreds of thousands of notices every year to taxpayers, these IRS notices can include: Reminding them to review their taxes Send in additional …
If you owe money to the IRS, you may feel helpless and unsure of what to do, but you have options. Our tax professionals can help you find a solution that works for you. You might feel like IRS debt puts you in a hopeless or even shameful situation but let us assure you that …