Tax debt can be a significant financial burden, and many people wonder if it also impacts their credit score. While tax debt and credit scores aren’t directly connected in most cases, unresolved tax issues can have ripple effects that may harm your financial stability. As a tax relief company, we’re here to explain how tax […]
Owing the IRS more than $50,000 can lead to significant financial challenges, but understanding the potential consequences and available solutions can help you negotiate the situation effectively. The Growing Cost of Unpaid Tax Debt Unpaid tax debt accrues interest and penalties, causing the amount owed to increase quickly. That’s why the longer you wait to […]
Unpaid tax debts or unfiled tax returns can quickly turn into a nightmare. And you may face more penalties, interest, wage garnishments, or bank levies. To resolve your crisis, you should take action as soon as possible. Otherwise, your options will diminish with each passing day. What are you planning to do? Hire a tax […]
You are unsure about how you can resolve your tax issues. And this uncertainty causes you a lot of stress because any second you may face additional penalties and interest. We understand your situation and can help you. Precision Tax Relief (PTR) guided thousands of similar cases through the process of managing tax debts, providing […]
Most US taxpayers overlook one critical factor, which can quickly turn a manageable tax bill into a financial headache: interest. If you do not pay your federal taxes on time, the IRS will start charging interest immediately, and unlike penalties, interest is rarely waived or reduced. What is worse, the longer your balance remains unpaid, […]
According to the latest TIGTA report, the Inflation Reduction Act (IRA) has funneled significant resources into the Internal Revenue Service (IRS) to strengthen its operations and enforcement efforts.  Recently, the Treasury Inspector General for Tax Administration (TIGTA) report shed light on how these funds are being allocated and used. These details are essential for taxpayers […]
You have been looking forward to your tax refund all year—the money that could help you catch up on bills, buy groceries, or pay off a small debt. Then, a letter arrives from the IRS titled “Notice of Intent to Offset.” What does this mean? What happens now? A Notice of Intent to Offset is […]
Do you owe the IRS a lot of money, and they have not contacted you for a long time? That is great! But now they are back with LT38. It was just because they had suspended some notices during the pandemic.  In February 2022, the IRS stopped sending some collection notices while they continued to […]
Tax time is here, but you cannot afford your taxes? Ignoring it is definitely not a solution. What you need right now is proper tax planning that fits your financial situation. What Happens If You Do Not Pay Taxes? If you miss even one day of tax day, the IRS will immediately start collecting interest […]
The IRS tax debt is the worst one that you can have. Because you can never run away from the citizenship responsibilities. And, never-ending IRS notices can be your nightmare. This daunting situation gets worse with garnishment or seizure possibilities. But getting a tax attorney on your side can make things easier. Their expertise can […]

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