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 …
If you’ve been approached by IRS Collections, you know how stressful it can be. However, you may have the opportunity to begin the collection appeal request process with IRS Form 9423. If the IRS finds that you owe back taxes, and decides to begin its collection process, one of your only forms of recourse is …
Dealing with the IRS can be incredibly stressful, so what happens if the IRS sends you to collections? Here is what you should know. We all know that the taxman can be frightening. But it’s important to separate fact from fiction. The IRS is tasked with enforcing tax law and ensuring that taxpayers are held …
During the past few years, we have seen an influx in tax related scams affecting consumers. Here’s how to protect yourself from the most common IRS tax scams. The IRS is renewing its information on frequent and common tax scams, providing multiple newsletters to taxpayers urging them to beware the signs of a tax-related con, …
IRS Form 8300 is required for all cash payments over $10,000. But what does this mean for you? Cash transactions constitute a large portion of business activity. Businesses need to build inventory, pay for repairs, pay for maintenance and upkeep on their equipment, make monthly payments for leased property, compensate their business partners, and much more. While these transactions do …