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IRS Tax Levy

IRS Tax Levy

What is an IRS Tax Levy? An IRS tax levy allows the IRS to seize and sell your property. This property includes: wages money in the bank or other financial accounts vehicles real estate other personal assets This action is taken by the IRS to...

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Summer Camp and Tax Credit

Summer Camp and Tax Credit

Summer is finally here. While the kids are thrilled, mom and dad are sometimes scrambling to find a summer day camp and how to pay for it. The best way is to use your dependent care FSA. If you or your spouse’s employer has an FSA available...

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Tax Debt Relief Programs

Tax Debt Relief Programs

5 Main Tax Debt Relief Programs There are five main tax debt relief programs:  Offer in compromise  Installment Agreements  Currently Not Collectible  Penalty Abatement  Innocent Spouse Although your back taxes could be disputed on technical...

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Bankruptcy and Tax Debt

Bankruptcy and Tax Debt

Bankruptcy and Tax Debt Bankruptcy can discharge tax debt.  It can also give you a more affordable way to pay back the IRS.   Certain requirements must be met.  These include: that the taxpayer is current with their tax filings the taxes were due...

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