If you have received a Notice of Intent to Levy (CP504), here are the steps you should take to put an end to your tax debt. The US government is the country’s most powerful creditor in terms of how far-reaching its ability to lien and levy tardy taxpayers can be. Once the government catches wind …
IRS Penalties are one of the ways they try to urge taxpayers to consider their tax debt more seriously. Learn how to avoid them before it hurts you. There are some penalties that are worse – and more surprising – than others. Knowing what IRS penalties they can send your way and how best to …
Negotiating with the IRS can be difficult, especially when you don’t know how to navigate the IRS’s ruleset. Explore these tips on how to stop wage garnishment. Certain debts and obligations can warrant serious collection actions from creditors, particularly for tax debts, late child support payments, and late loan payments. When you owe federal taxes, …
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. …
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 …