Tax Debt Relief Articles
Can the IRS Garnish My Social Security Wages
If you have underpaid your tax for some reason you might be contacted by the IRS to inform you that you have outstanding taxes to pay. This can often come as a surprise and many people don't have sufficient financial resources to facilitate such an amount, especially if the money ...
Owe Taxes with a Disability? Here’s What You Need To Know
Doing your taxes can be a massive headache, even for those with little to declare. However, when you throw benefits you’re receiving from the government, such as disability benefits, paying your taxes becomes that much harder. One thing that many people who receive benefits find themselves asking is: can the ...
Notice of Intent to Offset: What this means for your tax refund
The IRS manages offsets for Federal taxes owed, and if you owe federal back taxes, the IRS can seize your tax refund or other federal payments. The Bureau of Fiscal Service (BFS) of the Department of Treasury conducts the Treasury Offset Program (TOP) and issues IRS tax refunds. All other ...
What is the Difference Between Tax Evasion and Tax Fraud?
The United States tax system is infamously complicated. For those looking to learn more about the tax system and the rules that are involved, a common source of confusion is the difference between tax evasion and tax fraud. Luckily, our comprehensive knowledge base will help you learn more about the ...
What to do if the IRS Garnishes Your Wages?
If you find yourself in this situation, your first reaction may be to panic. However, there are some simple, pragmatic, and easy-to-follow steps that you need to take if you want to protect yourself and ensure that all action the IRS takes is completely justified. With this valuable knowledge base, ...
How form 1099-NEC Works For Small Business Owners
What Is IRS Form 1099-NEC? How It Works for small business owners If you’re not familiar with Form 1099-NEC then don’t worry, you’re not the only one. Form 1099-NEC hasn’t been around for the last 38-years and has only recently made a comeback for the 2020 tax year. So, what ...
IRS Financial Hardship: Rules, Considerations & Help
In these times of unprecedented financial strain, it is more important than ever to know what support is available and when to utilize it. As the economic strain continues to place pressure on businesses and individuals alike, IRS financial hardship is becoming more highly in-demand. The IRS determines financial hardship ...
What is a delinquent tax notice?
Delinquent taxes are overdue, unpaid taxes. If you miss the deadline for filing or paying your taxes, you could incur penalties and high-interest rates which will increase over time. If you don’t pay your delinquent taxes it could also result in collection actions such as the IRS claiming back taxes ...
What can the IRS seize for back taxes?
If you have taxes that have either partially or entirely unpaid during the year that you were due, you owe the IRS back taxes. When you owe back taxes, the IRS will apply penalties and the taxes will build interest, so paying them off as soon as you can is ...