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 tax bill? You are not alone. The IRS payment plans ease this burden on taxpayers. However, not everyone qualifies for these plans. The first step is to understand if you are eligible for an IRS installment agreement, and then choose the right plan for your financial situation. Here is a clear […]
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 […]
Many citizens aren’t exactly clear on what the IRS seizures can legally take from them. If you owe back taxes, then what will happen? Will you go to jail for not paying taxes? Will you lose everything you have? In this post, we’ll explain which assets the IRS can or cannot seize. First, let’s check […]
Taxpayers can skip their payments from time to time. Then unpaid debts begin to pile up alarmingly, things get on top of them. However, is it possible to face jail time for that much debt? We aim to reduce this information pollution with this post. Taxation in the USA The United States deals with three […]
Paying taxes is a responsibility for citizens, and taxpayers should be aware of possible consequences of not filing. However, many people go as long as ten years without filing their taxes, often without calculating the penalties and interest the IRS may impose on unfiled returns. Are you wondering, “I haven’t filed taxes in 10 years. […]
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 […]
Have you ever been behind on payments? Bank levies will give your creditors a powerful tool to collect their dues from you. A bank levy is actually a legal action that allows owed money to get taken directly from your bank account. Once set in motion, your bank will freeze the funds in your account and […]

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