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5 Practical Tips For Dealing With IRS Back Taxes

Tip #1: Deal With Your IRS Tax Problems Today!The ostrich approach to dealing with IRS back tax problems simply does not work. If the IRS is calling you or writing you letters, your IRS tax problems...

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How To Stop An IRS Bank Levy!

What Is an IRS Bank Levy?       The IRS uses the bank levy as one of it’s tools to collect back taxes owed. It is the preferred IRS tax levy method because they can get large amounts of unpaid taxes...

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The 7 Worst Results of Not Filing Tax Returns

1) Go to JailNot filing federal tax returns is often the result of tax fraud. Each unfiled tax return can result in a one-year jail sentence and a $25,000 fine. The IRS could send a taxpayer to jail...

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IRS Wage Garnishment: How Much Can They Take?

Wage Garnishment (Wage Levy) Exempt AmountOnly the “exempt” amount limits what the IRS can garnish (levy) from a taxpayer’s paycheck. The taxpayer’s employer sends all wages above the “exempt” amount...

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IRS Penalties: Why, What, When and Who

Why Does The IRS Issue Penalties?         The IRS imposes tax penalties for many reasons. Actually there are over 148 IRS penalties. Although usually monetary in nature, penalties involving forfeiture...

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The 11 Most Common IRS Collection Notices

The IRS uses a series of notices to collect back tax debt from delinquent taxpayers. While these notices first tell taxpayers of the balances due, they lead increasingly to stronger enforcement action....

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Long Island Tax Resolution Services

Tax Resolution Lawyer in Long IslandIt is common to hear that a taxpayer should hire a tax lawyer to solve an IRS or New York State tax problem. There are 2 additional professionals allowed who can...

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Seven Suggestions For Achieving Success With Your IRS Offer in Compromise

In recent years The IRS has increased its collection effort for back taxes owed. But at the same time they provide the Offer in Compromise program to aid taxpayers who are experiencing genuine...

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The 3 Types Of IRS Offer In Compromise

The IRS offers several safeguard programs for delinquent taxpayers. The IRS designed these programs for taxpayers in financial distress and for taxpayers who would suffer by strict interpretation of...

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What Is Innocent Spouse Relief?

Innocent Spouse Relief is an IRS tax relief program which can reduce tax debt for a single taxpayer resulting from a married filing jointly tax return. Jointly filed tax returns usually provide many...

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Reducing IRS Penalties and Interest

A taxpayer can negotiate a decrease in the total amount of tax debt owed by seeking a decrease for interest and penalties. The IRS calls this abatement and it can substantially reduce the tax debt....

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IRS Penalty Abatement – Reduce or Eliminate IRS Tax Penalties

Failure to pay your taxes on time will result in penalties and interest that can contribute greatly to an already negative financial condition. Filing tax returns and paying taxes on time are the best...

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