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IRS Penalty Abatement Do’s and Don’ts  - Traxion Tax

IRS Penalty Abatement Do’s and Don’ts 

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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? - Traxion Tax

What Is the IRS First Time Penalty Abatement?

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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 - Traxion Tax

What Is Tax Resolution? Everything you Need to Know

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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 - Traxion Tax

IRS Tax Collection Actions: Levy, Lien, Seizure

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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 - Traxion Tax

How to Figure Out Which Tax Payment Plan Is Best for You

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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…

Estimated Tax Payments: The Benefits of Pre-Payments - Traxion Tax

Estimated Tax Payments: The Benefits of Pre-Payments

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For the majority of taxpaying Americans, taxes are primarily prepaid, meaning most taxes should be paid well before the due date on your annual tax…

Importance of the Tax Resolution and Preparation Process - Traxion Tax

Importance of the Tax Resolution and Preparation Process

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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…

What Happens if You Owe the IRS Money and Don’t Pay?

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If you owe the IRS money and you can’t pay, you may be worried about the consequences. Fortunately, you may have some options. In this…

IRS Tax Debt Forgiveness

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If you owe the IRS a tax payment and you’re unable to pay, you may qualify for tax debt forgiveness. If you feel overwhelmed by…

What to Do if You Owe the IRS

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If you owe the IRS money, it’s important you take steps to resolve the issue sooner than later. In this article, we’re taking a closer…

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