Traxion Tax Blog
What Is a Tax Levy?
A levy is a creditor’s right to claim property, assets, or accounts in order to satisfy a debt. Tax levies specifically are a tool used by the IRS when all…
How to Remove a Federal Tax Lien
If the IRS determines that you have a hefty unpaid tax bill, and you fail to negotiate a payment plan with them or pay the debt back in full, they…
What is a Tax Audit?
A tax audit can be an extremely difficult process without an experienced tax professional. If you receive notice that the IRS is auditing your taxes, a professional may be able…
How to Setup a Payment Plan with the IRS
If you owe the IRS money but can’t afford to pay the full amount, you may be interested in setting up an IRS installment agreement. In this article, we’re taking…
Will the IRS Take a Settlement?
If you owe the IRS more money than you can afford to pay, you may be wondering … will the IRS take a settlement? If you have any outstanding tax…
How Often Does IRS Accept Offer in Compromise?
If you’re unable to pay the amount of your tax debt, you may be interested in exploring an offer in compromise as an alternative. So, how often does IRS accept…
Can You Negotiate a Settlement with the IRS?
If you owe money to the IRS, you may be interested in negotiating a smaller payment. This can help save you money as you resolve the debt. In this article,…
The Traxion Tax Guide to the Paycheck Protection Program (PPP)
What is the Paycheck Protection Program (PPP)? The Paycheck Protection Program (PPP) is a loan plan from the CARES (Coronavirus Aid, Relief, and Economic Security Act). It is an approximately…
The Traxion Tax Quick Guide to Help You Get Your Stimulus Payment
The CARES Act, the biggest disaster assistance program in U.S. history with an unparalleled $2 trillion recovery plan, should bring relief to people, companies, and sectors who have been struggling…
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