Posts by Traxion Tax
Tax Scams and How to Avoid Them
Tax scams are more common than some people might expect. The IRS can be an intimidating agency, and most taxpayers do their best to avoid upsetting it. Some scammers use that to their advantage, threatening taxpayers into paying for fines they don’t owe or divulging information they should never be asked to provide over the…
Read MoreUnderstanding a Federal Tax Lien Release
When facing tax debt, one of the potential collection actions the IRS may take against you is the issuance of a federal tax lien release. A tax lien is a legal claim on all your property and assets located in the county of filing, including personal property, real property, bank accounts, and financial assets. Unlike…
Read MoreImportance of the Tax Resolution and Preparation Process
When resolving your tax issues with the IRS, it is important to make sure that you have got all your ducks in a row. Tax return preparation is especially important, as the IRS does not accept attempts at tax debt resolution without first addressing delinquent returns and missing returns. Furthermore, professional tax preparation can help…
Read MoreHow to Get an Offer in Compromise Approved
Given enough time, a federal tax debt can reach astronomical levels. And for taxpayers who are already swimming in the deep end, dealing with a hefty debt to the government might not be in the cards anymore. While debt forgiveness may be an option, most taxpayers will find that it’s harder to get rid of…
Read MoreHow to Deal with the IRS
If you owe the IRS money and you’re not sure what to do, you’re probably wondering how to deal with the IRS quickly and effectively to resolve the problem. In this article, we’re taking a look at how to deal with the IRS so you can get out of the red and move forward with…
Read MoreHow to Negotiate a Tax Settlement with the IRS
If you owe the IRS money, you may be able to negotiate a settlement in order to resolve the debt. This can be a tricky process, so you want to consider hiring a professional to handle the offer in compromise. In this article, we’re exploring how to negotiate a tax settlement with the IRS. How…
Read MoreWhat Happens if You Get Audited by the IRS?
If, for whatever reason, you receive notification that the IRS will be auditing your taxes, you may have some questions. The IRS may audit you for several reasons and may require professional help if you’re not up to the task. In this article, we’re exploring one of the most common questions we hear from people…
Read MoreHow Much Should I Offer in Compromise to the IRS?
If you owe the IRS money and you can’t pay right away, you may be worried about the consequences ahead. Fortunately, there are some steps you can take to resolve your debt and move forward with confidence. In this article, we’re taking a closer look at a question we hear from our visitors – how…
Read MoreWhat Happens if You Owe the IRS Money and Don’t Pay?
If you owe the IRS money and you can’t pay, you may be worried about the consequences. Fortunately, you may have some options. In this article, we’re taking a closer look at one of the most common questions we hear from people – what happens if you owe the IRS money and don’t pay? What…
Read MoreHow to Stop IRS Wage Garnishment
If the IRS is garnishing your wages, there are a few things you need to know before you can make it stop. In this article, we’re exploring a few options so you know how to stop IRS wage garnishment. How to Stop IRS Wage Garnishment While keeping track of your taxes can be a chore,…
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