What You Should Know About Wage Garnishments When you have a tax debt to the IRS, they can seek to resolve it in a number of ways. As with any IRS action, you will be notified of their intentions beforehand and be given a window in which to take [...]
What to do After Forgetting to File Your Taxes So, say this year’s filing deadline has slipped you by. Whether it was intentional or an honest mistake, you are by no means done with your tax return. If anything, it is now more important than ever to [...]
Which Installment Agreement is Right for You? Being in personal debt to the IRS may feel like a nightmare scenario. The prospect of being subject to collection actions is a definite sleep-ruiner, but it does not have to be. There are mechanisms in place [...]
The IRS Sent Me a CP 508C Notice. What Should I Do? If you want to keep your Passport, now is the time to act. The CP 508C Notice is a Notice of Certification of Seriously Delinquent Federal Tax Debt is mailed to the Last Known Address. Also, the IRS may [...]
How to Find Out What You Owe the IRS Whether it is expected or comes as a surprise, sometimes you simply end up with a tax debt. When this happens, the prospect of figuring out exactly what you owe the IRS can be intimidating. But as we have said [...]
What Happens When You Don’t File Your Tax Return Because of the Covid-19 crisis the IRS extended the 2019 tax filing deadline until July 15, 2020. We are a week past that as of today. Did you file and pay your taxes? This year there were a lot of people [...]
How to Beat an IRS Levy Can you beat a bank levy? Yes! But it’s better to avoid getting bank levy. First, a primer on bank levies. A bank levy is an enforced collection, where money is taken out of your bank account. Before the IRS or state can levy [...]
What to Expect When Settling Tax Debt If you owe the IRS, it is always better to go to them than to wait for them to come to you. You can certainly make the call yourself, but if you want to avoid their infamous wait times, you can hire a qualified third [...]
Why You Should File Your Tax Return We all generally know that we should do our taxes when the season rolls around, but some people do not know the particulars of what can happen if we don’t. It is important to file all of your tax returns, even those you [...]
What is the IRS Voluntary Classification Settlement Program (VCSP)? The Internal Revenue Service recently changed methods for classification of who is a W-2 versus a 1099 employee. The program will help employers get into compliance by making a minimal [...]
