Tax Debt

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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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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Unfiled Tax Returns

Unfiled Tax Returns

Thousands of taxpayers fail to file their tax returns every year.  The failure to file a tax return or tax returns snowballs with the passing of time. Criminal Act If you have unfiled tax returns you should know that the IRS can consider failure...

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What is Tax Resolution?

What is Tax Resolution?

Tax resolution involves finding the source or sources of your tax debt and the best option to resolve your tax problems with the IRS or State.  The resolution may involve several steps such as filing unfiled tax returns, requesting a penalty...

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