The IRS Third-Party Debt Collectors Go After Low-Income Taxpayers!

Posted by Lucy P in Tax Debt Views 1255

IRS Subcontracting Collections of Past Due Taxes The IRS began subcontracting collections of past due taxes to third-party private debt collectors in 2017. These collection agencies have been able to set up payments with about 4,100 delinquent...

IRS Tax Levy

Posted by Desiree Pierpont in Tax Debt Views 1469

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...

The Taxpayer Bill of Rights and Facebook

Posted by Lucy P in Tax Audit Views 1310

If you haven’t heard the story yet, you can read an excellent account here https://www.forbes.com/sites/kellyphillipserb/2018/05/16/facebook-loses-bid-to-move-7-billion-tax-case-to-appeals/#38251a017f99. We have mentioned The Taxpayer Bill...

Summer Camp and Tax Credit

Posted by Lucy P in Tax Benefit Views 1198

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...

It’s Time to Deal with Your Past Due Tax

Posted by Lucy P in Tax Debt Views 1228

Tax Debt Relief Programs

Posted by Lucy P in Tax Debt Views 1435

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...

Bankruptcy and Tax Debt

Posted by Lucy P in Tax Debt Views 1099

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...

Unfiled Tax Returns

Posted by Desiree Pierpont in Tax Debt Views 1311

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 1637

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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