Unfiled Tax Returns

Posted by Desiree Pierpont in Tax Debt Views 1395

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...

What is Tax Resolution?

Posted by Lucy P in Tax Debt Views 1725

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...

Tax Levy – Property Seizure & Sale

Posted by Lucy P in Tax Debt Views 1536

What is a Levy? A levy is when the IRS seizes your property to satisfy back taxes https://fasttaxhelp.org/tax-liens-and-levies/. Before a levy occurs the IRS will have placed a lien on the property in question giving you an opportunity to satisfy...

Federal Tax Levies & Chlid Support

Posted by Lucy P in Tax Debt Views 1286

Levy = Garnishment An IRS levy takes precedence over a child support order ONLY if the tax levy was entered before the child support order. See https://fasttaxhelp.org/tax-liens-and-levies/ for more information about levies. When the IRS levies...

IRS Penalties and Interest Abatement

Posted by Lucy P in Tax Debt Views 1300

Some taxpayers may be entitled to abatement (relief) from federal tax penalties if you made a legitimate effort to satisfy legal demands, due to events beyond your control, known as reasonable cause. If you have received a notice from the...

Why Do I Owe the IRS Money?

Posted by Lucy P in Tax Debt Views 1275

There are several reasons client’s come to us with tax debt. Some have failed to return, some have made an error on previous tax returns or sometimes it’s a simple matter of too little withholding from their paycheck. Whatever the...

How Do I Get an IRS Tax Lien Released?

Posted by Lucy P in Tax Debt Views 2326

An IRS lien is just like any other lien, a claim on your property for money owed, however, unlike your car lien, an IRS lien protects the government’s interest with a lien on ALL OF YOUR PROPERTY. The Internal Revenue Service will place a...

The Elusive Offer In Compromise

Posted by Lucy P in Tax Debt Views 1283

By definition an offer in compromise allows you to settle your tax debt for less than the amount owed. It is only a legitimate option for a taxpayer if they do not have any outstanding (unfiled) tax returns or are in an open bankruptcy...

Before You Hire a Tax Resolution Company Consider This

Posted by Lucy P in Tax Debt Views 1096

I understand that you are overwhelmed. I know the feeling of not even wanting to open the mail and sometimes not even wanting to take the walk to the mailbox. I know the feeling of not wanting to answer the phone if I don’t know who is...