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Traxion Tax Blog

How to Reduce an IRS Tax Liability in 5 Steps

By Devin Hayes January 15, 2025
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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. …

How to Settle Tax Debt in 2025: A Guide for Taxpayers

By Devin Hayes January 8, 2025
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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…

The Types of Tax Relief (and Which One You Need)

By Devin Hayes January 1, 2025
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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…

What Is the IRS’ ‘Automated Collection Service’ and Why Is It Important?

By Devin Hayes December 25, 2024
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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,…

What Are Your Rights as a Taxpayer?

By Devin Hayes December 18, 2024
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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…

How Can I Stop a Property Lien from the IRS?

By Devin Hayes October 2, 2024
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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…

How Can I Stop Wage Garnishment from the IRS?

By Devin Hayes September 25, 2024
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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…

How Can I Stop a Bank Levy from the IRS?

By Devin Hayes September 18, 2024
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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.   …

How Small Businesses Can Navigate IRS Liens Effectively

By Devin Hayes August 30, 2024
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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…

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