10th September 2009
When the Internal Revenue Service begins to take steps against a business or person, the end results can be devastating! The IRS has the ability to assess liabilities, file liens, levy your property and conduct numerous other actions that can hurt you fin...
10th September 2009
Tax penalties are often a significant portion of your business or personal tax Responsibility. And those penalties can add up Quickly!
The majority of taxpayers can pay their original taxes plus the interest. But the added tax penalties can make it har...
10th September 2009
If you have unfiled tax returns, you are not alone.
Many people do not file their taxes for a variety of reasons, including lack of records, worry of owing the liability, because they forgot to do it or they do not have the capacity to pay.
What Yo...
10th September 2009
An 'Offer in Compromise' is an agreement between you, the taxpayer, and the IRS. This agreement settles the taxpayer's legal accountability for what is owed to the government, for A lesser amount than the amount originally owed. Once an OIC is accepted, t...
10th September 2009
What You Need To Know About Non Collectible Status
The IRS uses two phrases for describing the status of past due taxes which are deemed not collectible: 'Non Collectible Status' or 'Currently Not Collectible.' Both of these phrases mean the same thin...
10th September 2009
When a levy is placed, the IRS will seize the taxpayer's assets, including the monies in a bank account or a persons paychecks. When a levy is placed on a paycheck, it remains in effect until a levy release is granted. A lien works differently. When a lie...
10th September 2009
It's a fact of life that we all have to pay taxes.
Unfortunately, life is occasionally messy and even the best-crafted plans can go awry and leave you in a tax bind, especially with a tax problem. The problem with late tax payments is that your debt is...
