Summary IRS tax levies can cause severe financial hardship by freezing bank accounts and assets. You can request a levy release by cooperating with the IRS or setting up a payment plan. Economic hardship may allow partial release if basic living expenses are impacted. Filing a Collection Appeal Program (CAP) appeal or hiring a tax
Top 5 Ways to Get an IRS Tax Levy Released 2025 Read More »
Summary Understanding IRS penalties and how to challenge them is crucial for reducing tax debt. First Time Penalty Abatement (FTA) is a simple way to remove penalties if eligible. Demonstrating “Reasonable Cause” is key to obtaining penalty relief beyond FTA. Proper documentation and a well-written abatement request greatly improve success chances. Consulting a tax resolution
How to Get the IRS to Remove Penalties and Interest Read More »
Summary Falling behind on payroll or business taxes can lead to levies, liens, and even business closure. The IRS is filing fewer liens than in the past, but aggressive enforcement against businesses has increased. Poor bookkeeping, unfiled returns, or ignoring IRS notices can accelerate Revenue Officer involvement. Trust fund taxes (payroll withholdings) create personal liability
Top 5 Deadliest Mistakes Made by Tax-Indebted Businesses Read More »
Summary An IRS tax lien is the government’s legal claim on your property when you fail to pay back taxes. Liens damage credit, restrict property sales, and give the IRS first rights to assets. In 2025, the IRS files liens for most unpaid tax debts over $10,000 unless you qualify for payment programs. Taxpayers owing
What Is An IRS Tax Lien And How Does It Affect Me? Read More »
Summary A Partial Payment Installment Agreement (PPIA) lets taxpayers pay less than the full IRS debt if they qualify under strict financial hardship rules. In 2025, the IRS continues to apply 10-year collection statute rules and periodic reviews every 18–24 months. While a PPIA may feel like a “deal,” the IRS can increase payments if
IRS Partial Payment Installment Agreements: Screaming Deal or Big Mistake? Read More »
Summary Choosing a local tax relief firm may not always be the most effective or cost-efficient strategy. IRS and most state tax matters are resolved remotely—face-to-face meetings are not required. Nationwide representation allows you to prioritize experience and results over proximity. Licensed professionals can represent taxpayers before the IRS regardless of location. Fortress Tax Relief
Tax Relief Near Me – Local Not Always The Best Option Read More »
Summary: The IRS typically has 10 years to collect back taxes from the date they’re assessed. This 10-year timeframe is known as the Collection Statute Expiration Date (CSED). The clock can be paused or reset by certain taxpayer actions like bankruptcy or appeals. Partial Payment Installment Agreements (PPIAs) are possible when you can’t pay in
IRS Statute of Limitations: How Long Can IRS Collect Tax Debt? Read More »
“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned — this is the sum of good government.” Thomas Jefferson, First Inaugural Address, 1801 The IRS continues to uphold the ten fundamental
Your Rights as a TaxPayer Read More »
If you’ve received a letter or phone call from IRS ACS Support, you may be wondering what it means and how it affects you. The Automated Collection System (ACS) is a division of the IRS responsible for collecting overdue taxes through notices, phone calls, and enforcement actions like liens or levies. While an ACS notice
ACS Support IRS: What It Means and How to Respond Read More »
Understanding the Accrual Method of Accounting: Impacts on IRS Installment Agreements For many business owners, accounting can feel like a secondary task. “Leave it to the accountant,” is a common sentiment, yet overlooking this aspect can lead to critical consequences, particularly when it comes to tax liabilities. Whether the issue stems from poor bookkeeping or
Cash And Acurral Methods Of Accounting Can Impact The Outcome Of A Tax Collection Case Read More »
Federal Payment Levy Program If you or your business has unpaid federal taxes and you receive income or revenue from a federal agency, watch out! You could experience a surprise as the IRS and Treasury Department team up to seize payments due to you. This happens under the Federal Payment Levy Program (FPLP), which often
How to Avoid the Dreaded Federal Payment Levy Program Read More »
You’ve been overpaying your taxes all year long, saving money in your IRS ‘refund account’ with the expectation that you will get that big fat juicy refund early next year. You get some software and prepare your own return or hire a tax preparer exclaiming big money is waiting for you. That vacation is just
Identity Theft and the IRS – Beware of Identity Thieves Stealing “Your” Tax Refund Read More »
