Posts by Devin Hayes
How to Reduce an IRS Tax Liability in 5 Steps
Dealing with a significant IRS tax debt is not for the faint of heart, especially if the debt is large and if there are penalties and fees accruing over time. But here’s the most important thing to know: you can reduce your tax liability, and you can regain control of your financial situation. It…
Read MoreHow to Settle Tax Debt in 2025: A Guide for Taxpayers
If you’re struggling with tax debt in 2025, you’re not alone. CNBC recently reported that among those who owe taxes to the IRS, 25% of them expect to go into debt in order to pay their tax bill. Many Americans face challenges with unpaid taxes due to a variety of reasons, such as job…
Read MoreThe Types of Tax Relief (and Which One You Need)
Tax debt can be overwhelming, and if you’re dealing with a back tax issue, you’re not alone: Currently, over 11 million Americans owe a total of more than $125 billion in back taxes, and that number is only increasing. Fortunately, various relief programs are available to help alleviate the burden. These options differ based…
Read MoreWhat Is the IRS’ ‘Automated Collection Service’ and Why Is It Important?
Freshly revised in January of 2024, the IRS’ Automated Collection Service (ACS) is a functional arm of the IRS that exists with one primary directive: to collect taxes. Essentially, the ACS is a computerized collection inventory system that sends Notices of Federal Tax Liens (NFTLs), levies, and other physically mailed communication to taxpayers while…
Read MoreWhat Are Your Rights as a Taxpayer?
Did you know that according to US tax law, payment of income tax is actually voluntary? While this may be the case, if you voluntarily choose not to pay your taxes, it won’t be long before the IRS contacts you with a bit of persuasion. And if you ignore their love letters long enough,…
Read MoreHow 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 More