Tax Debt
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…
IRS Penalty Abatement Do’s and Don’ts
The IRS issues penalties for several different reasons, including owing taxes. Yes, the IRS will penalize you for a failure to pay your taxes via…
What Is the IRS First Time Penalty Abatement?
Owing money to the IRS is one thing. The IRS can supersede all private creditors and utilizes multiple collection actions to coerce payment. Yet, despite…
What Is Tax Resolution? Everything you Need to Know
What is tax resolution? Tax resolution is the goal for any taxpayer in hot water with the IRS – no matter what their trouble might…
IRS Tax Collection Actions: Levy, Lien, Seizure
If you owe taxes to the IRS, they may take collection actions against you and your tax account. Collection actions describe different forms of enforcement…
How to Figure Out Which Tax Payment Plan Is Best for You
If you owe back taxes, paying them off as soon as possible is the only surefire way to avoid collection actions from the IRS. But…
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