Traxion Tax Blog
IRS Streamlined Installment Agreement: Understanding Your Payment Options
A tax debt with the IRS can haunt you for years. Failing to settle it can lead to hefty penalties and a stark interest rate on your debt. And as…
The Trust Fund Recovery Penalty (TFRP): What You Need to Know
Businesses are responsible for paying their employees. It goes without saying that a person should be paid for the work they do, and any sort of wage theft or stolen…
Tax Representatives: EA vs CPA vs Tax Attorney
Taxes are complicated. There are hundreds of code notices and dozens of forms, and the more self-sufficient you are, the more complicated it gets. Do you own property? You may…
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…
Understanding 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…
Importance 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,…
How 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…
How 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…
How 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…
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