What Happens If You are Audited and Found Guilty?

You filed late, or maybe you forgot something. Then the IRS letter showed up: you are being audited. Calm down. You are not in trouble, but if the IRS finds mistakes you cannot explain or back up, you could owe more than you expected.  This post is for you if you are facing an audit. […]

IRS Tax Liens and Your Citizenship Interview: What You Need to Know

If you are applying for US citizenship with back tax problems, you are not automatically disqualified. USCIS (US Citizenship and Immigration Services) will not reject your application just because you owe the IRS money. However, how you handled your tax debt can raise serious questions, and in some cases, make or break your path to […]

Missed the Tax Deadline? What You Should Do Now

Filing taxes late is not ideal, but it is not hopeless either. Missing the deadline can be costly, but quick action can minimize the damage. Before you decide what to do next, you need to know where you stand. Are you facing a tax bill or waiting for a refund? Do You Owe the IRS […]

How Many Years Back Can You File Taxes?

The IRS does not forget back taxes, whether it has been 3, 5, or even 10 years, unfiled returns do not just disappear. But there is still time to fix your financial obligation. Maybe life got hectic, money got tight, or you simply did not know how to begin. Whatever the reason, this guide will […]

Will Trump’s IRS Plan Cancel Your Tax Debt?

President Donald Trump has proposed replacing the Internal Revenue Service (IRS) with a new agency called the “External Revenue Service” (ERS).  The idea behind the ERS is to fund the US government using money collected from foreign sources (mainly tariffs and customs duties) instead of taxing American citizens.  While this sparked excitement in the media, […]

How Much Do You Have to Owe the IRS to Go to Jail?

Taxpayers may miss their payments from time to time because of various reasons. However, when unpaid debts begin to pile up, it raises the question: can you go to jail for owing taxes? We’ll answer all your questions in this post, and help you understand your next steps.  Really? Can You Go to Jail for […]

Can You Have 2 Installment Agreements with the IRS?

You had some back taxes. You thought, “It is not a big deal. It can wait. They will not come after me.” But the debt kept growing year after year. Then came the penalties. And the interest. To fix this, you had set up an installment agreement. But then you made the same mistakes again. […]

What is Currently Not Collectible Status?

Currently Not Collectible (CNC) status is a temporary IRS hardship option that pauses collection actions—like wage garnishments and bank levies—when you can’t afford to pay your tax debt. Interest and penalties still accrue, but you gain breathing room until your finances improve. What Does CNC Status Mean? IRS acknowledges you cannot pay your tax debt […]

Can You Get a Mortgage with Unfiled Tax Returns?

Getting a mortgage is challenging, and without filed tax returns, it gets even harder. Most lenders require tax returns to verify income. Without them, you could face loan denial, higher interest rates, or strict lending terms. Even if you have stable earnings and good credit, missing tax filings might raise concerns. In this guide, we […]

Understanding IRS Offer In Compromise And The Impact Of Dissipated Assets

Dealing with tax liabilities can be a challenging and overwhelming task for many individuals. The Internal Revenue Service (IRS) offers various programs to assist taxpayers in settling their tax debts, with one such option being the Irs Offer In Compromise (OIC) program. This program allows taxpayers to settle their tax liabilities for less than the […]

Set up your FREE Consultation

Let us know how we can reach you.

A licensed tax professional will contact you within one business day

or Call 1-855-212-5900

Need help right now?

Let the #1 rated tax relief company in the US help you get back in good standing with the IRS.
See all reviews

Hear From Our Clients

Need help now? Don’t wait to take action.

If you have a tax problem, waiting to act can often make the problem worse and cost you more money. The experts at Precision Tax Relief are standing by to help you put your IRS problems behind you for good.

See how Precision Tax can help you in just 56 seconds:

Hear From Our Clients