Do You Owe Back Taxes?  If so, you could face tax levies if you continue to miss payments. These penalties are serious business that could lead to devastating consequences. A tax levy is an administrative action that the Internal Revenue Service (IRS) can take. It gives them the authority to seize your personal property to satisfy a tax liability.  […]

It’s a hard time to be a working-class American. Despite economic gains on a macro level, most American families are still living paycheck to paycheck. This financial hardship can rear its ugly head all through the year but can be especially difficult to face around tax time. The IRS hardship process can be your answer. If you […]

Avoiding paying taxes is impossible. You’ll face government tools like the IRS tax levy and tax lien. Reports show 40 percent of all the money the United States Treasury collects is from individual income taxes proves the same. In roughly equal measure, at least 40 percent of American households don’t pay income tax. Some do it knowingly, […]

21% of taxpayers in the U. S. are expected to owe the Internal Revenue Service (IRS) money in the 2019 tax season. With the recent changes the Treasury Department and the IRS made to reflect the new Tax Cuts and Jobs act, many taxpayers are set to owe more taxes. For example, these changes bring an […]

About 458 billion dollars in taxes go unpaid each year. So if the IRS says that you owe years of taxes, you are not alone. And if you can not foresee any way that you would be able to pay those taxes, you are still not alone. However, if you do owe taxes, one of […]

In 2018, the IRS collected more than $55 billion in unpaid taxes. These collections can take many forms, including asset levies to recover back taxes and penalties.  If you’ve received a levy notice from the IRS, you may wonder what can the IRS levy to recover your taxes owed. These levies can take many forms, depending […]

The IRS issues a tax levy without considering the financial implications for the back taxes. And this results in the takeover of your bank accounts, property, and even your paycheck if it comes down to it. If you need help with a tax levy, it’s crucial to act fast. To stop a tax levy and […]

An IRS tax levy allows the government to seize wages, bank accounts, or property to collect unpaid taxes—without a court order. The best way to stop a levy is to act before it begins, by contacting the IRS and arranging a solution. Even if a levy has started, you still have options for release. What […]

Are you a senior citizen who owes money to the IRS for years of unpaid taxes? With little earned income when you retire, it can be even more difficult to pay your tax debt. The money you currently earn from your social security check and retirement funds can feel like it’s not enough to sustain […]

What Is an IRS Tax Lien? So what exactly does a federal tax lien entail? The answer is that an IRS tax lien is different for everyone. They can be complicated and often vary in form depending on what your individual situation is. Essentially, an IRS tax lien is the government’s claim against you as a result of […]