Tax Debt
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…
How 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…
How 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…
Regaining 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…
Managing 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…
What Are Delinquent Taxes and How Can They Affect You?
Taxes are not due every year – tax returns are, but when and how you pay your taxes depends on your employment and filing status. Some people…
A Realist’s Guide to IRS Debt Forgiveness
Tax debt is not easily forgiven, and it certainly isn’t forgotten. The IRS is a harsher creditor than most and likely won’t overlook a tax…
Understanding Your CP14 Notice and How to Respond
So, you received a notice from the IRS. Don’t panic. The IRS issues hundreds of letters and notices to millions of taxpayers annually. It doesn’t always…
What Debts Can Trigger a Tax Refund Offset?
The IRS issued over 247 million tax refunds in 2021, not counting about 313 million additional refunds issued as part of the 2021 stimulus package…
What Is an IRS Notice of Deficiency?
The IRS issues hundreds of different notes and letters throughout the year to millions of taxpayers. Not all notices and letters are bad news. But…
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