What Is an IRS Tax Lien? So what exactly does a federal tax lien entail? The answer is that an IRS tax lien is different for everyone. They can be complicated and often vary in form depending on what your individual situation is. Essentially, an IRS tax lien is the government’s claim against you as a result of […]

The IRS collects over 3 trillion dollars in taxes from individuals and businesses over the course of any given year. All of this money comes from roughly 245 million filed returns. What happens though if filing your return this year slipped your mind or if you don’t have the money to pay the balance on a return […]

Tax Debt Scams: How to Avoid Becoming a Victim Tax debt relief scams prey on people who owe money to the IRS. Find out how to avoid becoming a victim here! Are you overwhelmed by your tax debt? Discovering you owe thousands of dollars is terrible – especially if you don’t have the money to […]

If you owe the IRS unpaid back taxes, there are several options for dealing with it. Read on to find out more. If you owe back taxes that you aren’t prepared to pay, you’re not alone. Falling behind on taxes happens to the best of us – in fact, millions of Americans owe the IRS. […]

What if a simple misunderstanding brought the IRS to your door? The truth is that plenty of IRS terms are downright confusing. And mistaking some of these concepts could get you in hot water. For instance, many people do not understand the difference between an IRS levy and an IRS lien. And knowing the difference […]

For some people, tax season is a scary time. If you get hit with a bill that you can’t pay, not paying at all might seem like the only thing to do. However, if you don’t pay your taxes, the penalties will soon stack up on top of the original debt — and the IRS […]

Almost 10 million Americans owe the IRS over 82 billion dollars in back taxes according to a report released in 2014. If you’re one of the millions of people that owe back taxes, you may not know what to do next. You may be afraid to do anything at all. Missteps in dealing with back […]

As around 80% of Americans are dealing with debt of some kind, a great portion of this debt is tax related. Once you’re in debt to the IRS, tax debt relief is a huge need that you’re entitled to, no matter what your financial status is. If you’re not making enough to pay your full bill, you […]

Taxpayers who face IRS levies often find themselves in tax trouble for understandable reasons. Sometimes you simply weren’t aware of your tax debt, or it seemed too small an amount to worry about. Often, a levy can come after years of financial hardship, as experienced by this taxpayer: “I started working as a 1099-Misc since […]

In the final hours of 2017, President Trump signed into law the most sweeping tax legislation in recent memory, the Tax Cuts and Jobs Act (TCJA). This legislation affects most areas of Federal income taxation in the United States for both individuals and businesses. A few of the major changes include drastically lower corporate tax […]