Do you know that your tax debt has a statute of limitations? Every tax assessment has an expiration date. That is, the debt is completely erased after a certain time. What is CSED? How can you benefit from it? How can you calculate a statute of limitations? What conditions extend the 10-year collection period? All […]

Taxes can be a burden, especially for people with low and moderate incomes. However, the IRS always provides a solution to ease your financial stress. In this article, we’ll talk about tax relief programs offered by the IRS. What is IRS Tax Relief? Many US citizens may be unable to pay their taxes for various […]

Struggling to pay your full tax balance? Many taxpayers cannot afford to pay their debt in one lump sum and want to know what monthly payment the IRS will actually accept. The IRS does not publish a universal minimum monthly payment for every case, but many streamlined installment agreements, calculate the minumum patment by dividing […]

IRS garnishment is a serious legal situation that affects financial stability and life. However, you can protect some or all of your income from garnishment in several ways. Keep reading and learn your options to take prompt action about how to stop IRS garnishment. What is IRS Garnishment? With tax lien, the IRS makes a […]

Can’t you pay off your tax liability because of your financial difficulties? The IRS may help you with an Offer in Compromise (OIC). When you can’t pay off your tax debts, the IRS allows taxpayers to pay less than the full amount owed. The Offer in Compromise isn’t convenient for everyone. Before submitting it, you […]

If you owe back taxes and the IRS is threatening to seize your property, you probably have one question: what can they actually take? The short answer is almost anything of value: your bank account, your car, even your home. But exemptions exist, and there are legal steps you can take to stop a seizure […]

Every year, 30 million people end up owing money to the federal government for taxes. If you’re one of those people with unpaid taxes, you might forget about it and let it fall off your plate. However, it’s unlikely the IRS is going to forget, and they could come after you years after you file […]

A bank levy allows creditors—or the IRS—to freeze and withdraw money directly from your account to settle debts. Government debts like taxes, student loans, or child support often don’t even require a court order. The best way to avoid a levy is to act early: respond to collectors, know your exemptions, and keep protected funds […]

Precision Tax Relief is honored to announce our distinction as the winner of the East Washington-North Idaho 2019 Better Business Bureau Torch Award for Ethics. Precision ranked top among regional contenders for this prestigious award. On September 26, 2019, Better Business Bureau officially conferred the award at our Coeur D’Alene offices. Better Business Bureau distinguishes […]

Most people do not realize their paycheck is at risk until the deductions begin. When tax debt goes unresolved, the IRS has the authority to collect directly from your wages. It is a serious step, and one that often catches people off guard. This guide breaks down what you need to know and what you […]