If you owe taxes, you may wonder, “Can the IRS come after my assets?” The short answer is yes. The longer answer is that before coming after your assets, the IRS must, in almost all cases, issue you a final notice of intent to levy letter, usually titled, “Final Notice, Notice of Intent to Levy.” …
Will The IRS Seize My Assets, Business Or My Residence? Read More »
Generally speaking, the IRS sending you certified mail document is to show the IRS has attempted to give you notice of whatever tax debt issue the IRS wants to address with you. The IRS sent you certified mail because the IRS wants to protect itself in case, among other reasons, you argue the IRS failed to …
If you or your business owe taxes to the IRS or the state, you have probably wondered if it is possible to settle your tax debt for less than owed. You may have heard radio or TV ads promising to settle your taxes for “pennies on the dollar” if you “call now!” with The Price …
If you or your business owe money to the IRS, the fear of a tax lien might keep you up at night. Will the IRS file a tax lien? When will the IRS do so? What will happen once the IRS files a lien? Before I answer these questions, is important to understand the following …
Before I answer this question, is important to understand the following definitions regarding liens: A “tax lien” means a taxing authority has a claim against all of the taxpayer’s rights to property. A “filed tax lien” means the taxing authority filed a public notice stating a taxpayer owes tax liabilities. The taxing authority usually files …
IS IT REALLY POSSIBLE TO OWE THE IRS AND PAY NONE OF IT BACK? Do you owe money to the IRS but, right now, you cannot afford to pay? Are you worried the IRS will levy your paycheck or your bank account and leave you with nothing to pay your living expenses? If you answered …
Who can qualify for the IRS fresh start initiative in 2020?
You have probably heard one of the many radio or TV ads that gushes about the IRS tax debt relief program called “The IRS Fresh Start Initiative” and how it can result in a “pennies on the dollar” tax settlement.
A minority of tax relief firms charge an hourly rate. However, most tax relief firms charge a contingent flat fee meaning that you pay a flat fee provided that you follow instructions, comply with tax laws, provide requested documents, respond within a reasonable time, and so on. These firms may also offer services at an …
How Do Tax Relief Firms Charge for Their Services? Read More »
