Stay informed with the latest insights and tips on tax resolution, financial planning, and IRS updates. Our blog is dedicated to providing valuable information to help you navigate the complexities of tax debt and make informed decisions for your financial future.
Many back taxes help dub IRS’ Offer in Compromise as ‘Pennies on the Dollar’ to attract taxpayers to hire their services. If it had remained a marketing technique, it would have done less damage, but many tax companies and tax professionals use Offer in Compromise to extract large upfront fee from taxpayers without providing any... Continue reading →
Resolution of back taxes require expert help if taxpayers are not able to pay off their tax debt in a single payment. Taxpayers need to negotiate with the IRS to enter into an agreement where they can comfortably pay their tax debt. Usually, American taxpayers take back taxes help to match them with an IRS... Continue reading →
Taxpayers who are under tax debt can expect to receive notice of levy from the IRS if they have been ignoring previous IRS notices regarding their tax debt. Under an IRS levy, the IRS can seize or sell the property or rights to property of a taxpayer to fulfil tax debt. The IRS has various... Continue reading →
Taxpayers who ignore or avoid paying their tax debt may face aggressive collection action by the IRS such as IRS levy. Under a levy, the IRS may seize property of a taxpayer or any rights to property. It includes wages or salary of a taxpayer under tax debt.Under wage garnishment, the IRS slices off certain... Continue reading →
IRS levy are not pretty words. It is one of the most aggressive collection actions of the IRS. Taxpayers who are under tax debt and ignore or refuse to pay their back taxes may face IRS levy. Under it, the IRS seizes and may sell any property or right to property of a taxpayer.No court... Continue reading →
Most American taxpayers seek outside help to resolve their tax debt. That is mainly because American tax laws are complicated and it takes more than knowledge of them to resolve back taxes issues. Tax services such as tax resolution companies and tax professionals provide expert help in achieving the best solution to problems of back... Continue reading →
Tax debt is not hard to resolve if you know how to best resolve a case of tax debt. According to the financial situation of a taxpayer under debt, the IRS offers programs such as Installment Agreement, Offer in Compromise and Currently Not Collectible. These agreements have different qualifying guidelines that taxpayers need to fulfil.Those... Continue reading →
Taxpayers who are under tax debt and are looking to resolve it by taking outside help are always susceptible to promises of tax debt reduction by tax services. Fraudulent tax services take advantage of this susceptibility and dupe innocent taxpayers into paying them bloated fee for tax resolution. Tax relief scams of some of the... Continue reading →
Tax relief scams have been rocking the country since decades. Recently, tax fraud of many top tax companies made headlines. Top tax relief companies namely Tax Masters, J.K. Harris, American Tax Relief, Roni Deutch and Tax Relief ASAP were found to be deep in tax relief scams.The fraud of scam tax companies was discovered through... Continue reading →
Most American taxpayers take outside help in resolving their tax issues. Tax relief scams therefore is big business. Although most tax resolution companies and tax professionals are honest, there are some that run tax scams behind the mask of tax relief services. Therefore, taxpayers need to make sure that they stay protected from fraudulent businesses.Tax... Continue reading →