Posts by Devin Hayes
How Can I Stop a Property Lien from the IRS?
When the IRS gets serious about collecting a tax debt, they can take numerous actions to recover the debt. One such action is filing a property lien against an asset like a car, motorcycle, home or other property. In this article, we’ll be covering the topic of how to stop a property lien from…
Read MoreHow Can I Stop Wage Garnishment from the IRS?
No one tells you what to do first when the IRS enforces a collection effort through wage garnishment. Knowing what steps to take to stop the garnishments is crucial to preserving your income. The IRS exists for one reason and one reason only: to collect owed taxes by US taxpayers for the federal government.…
Read MoreHow Can I Stop a Bank Levy from the IRS?
When the IRS gets serious about collecting a tax debt— They typically go through a series of steps before your assets like bank accounts or physical property are seized. These steps include: Finding you liable for a tax debt Notifying you of the debt amount Sending a letter to you informing you of the…
Read MoreHow Small Businesses Can Navigate IRS Liens Effectively
Understanding IRS Liens Is Critical for Small Businesses An IRS lien can significantly impact a small business’s financial health, making it essential to understand how to handle these situations. The consequences can include restricted access to credit, damaged business relationships, and even the potential loss of assets. Knowing how to navigate IRS liens is crucial…
Read MoreTraxion vs. the Competitors: Why We Offer the Best Value
When dealing with tax debt Finding a solution that aligns with your financial situation is crucial. At Traxion, we understand that one size doesn’t fit all. That’s why we offer two distinct services: TaxHopper for individuals with tax debts under $50K and businesses under $25K, and Full-Service for those with more substantial tax debts. Both…
Read MoreTaxHopper vs. Full-Service: Know Your Tax Options
Dealing with tax debt can be daunting But at Traxion Tax, we offer two tailored solutions: TaxHopper and Full-Service. This post will help you understand their differences, pros, cons, and which might be best for you. By the end, you’ll be ready to take the next step towards resolving your tax debt. TaxHopper vs. Full-Service…
Read MoreTop Tax Tips for Gig Economy Workers
The gig economy is alive and well with workers enjoying flexibility, good pay, and a variety of opportunities to earn a living on their terms. If you work hard and stay disciplined, the gig economy can be a fantastic source of income. But it is income, and in the eyes of the IRS,…
Read MoreRegaining Peace of Mind after Dealing with the IRS: Greg’s Story
Customer: Greg L. Tax Issue: Delinquent IRS Tax Filings Traxion Tax Representative: Michael S. Current Status: RESOLVED Falling into arrears with the IRS is something that typically happens while life is happening, with all its obligations, responsibilities, and pressures. For Greg, a significant brain injury was the life event that derailed his focus…
Read MoreThe IRS Automated Collection System (ACS): What It Means
They say there are only two certainties in life: death and taxes. While this is true, it could also be said that there is a third certainty, which is that if you fall behind on a debt owed to the IRS, they will attempt to collect the debt. When this happens—depending on the…
Read MoreManaging a High-Stakes Tax Problem: Sue’s Story
Customer: Sue H. Tax Issue: Extensive unpaid tax bill Traxion Tax Representative: Levi S. Current Status: RESOLVED Our customers’ tax situations are as unique as each person dealing with them. Every time we sit down to understand the story so far, we uncover a tapestry of events and factors that takes time to untangle. …
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