The IRS does not forget back taxes, whether it has been 3, 5, or even 10 years, unfiled returns do not just disappear. But there is still time to fix your financial obligation. Maybe life got hectic, money got tight, or you simply did not know how to begin. Whatever the reason, this guide will […]

President Donald Trump has proposed replacing the Internal Revenue Service (IRS) with a new agency called the “External Revenue Service” (ERS).  The idea behind the ERS is to fund the US government using money collected from foreign sources (mainly tariffs and customs duties) instead of taxing American citizens.  While this sparked excitement in the media, […]

Frequently Asked Questions At what point does the IRS put you in jail? The IRS does not typically send people to jail just for owing taxes. However, if you willfully commit tax fraud (like hiding income, falsifying returns, or refusing to file) then you could face criminal charges. Jail is reserved for serious, intentional violations, […]

You had some back taxes. You thought, “It is not a big deal. It can wait. They will not come after me.” But the debt kept growing year after year. Then came the penalties. And the interest. To fix this, you had set up an installment agreement. But then you made the same mistakes again. […]

Currently Not Collectible (CNC) status is a temporary IRS hardship option that pauses collection actions—like wage garnishments and bank levies—when you can’t afford to pay your tax debt. Interest and penalties still accrue, but you gain breathing room until your finances improve. What Does CNC Status Mean? IRS acknowledges you cannot pay your tax debt […]

Getting a mortgage is challenging, and without filed tax returns, it gets even harder. Most lenders require tax returns to verify income. Without them, you could face loan denial, higher interest rates, or strict lending terms. Even if you have stable earnings and good credit, missing tax filings might raise concerns. In this guide, we […]

Dealing with tax liabilities can be a challenging and overwhelming task for many individuals. The Internal Revenue Service (IRS) offers various programs to assist taxpayers in settling their tax debts, with one such option being the Irs Offer In Compromise (OIC) program. This program allows taxpayers to settle their tax liabilities for less than the […]

In most cases, the IRS or your bank will notify you before accessing your financial records. However, under specific legal exceptions, the IRS may audit your records without prior warning.  When can the IRS actually access your financial information? Does every taxpayer need to worry, or is this reserved for specific cases like audits and […]

If you have tax debt hanging over your head, you may have heard whispers about a supposed “IRS one time forgiveness” program. It sounds too good to be true: a clean slate with no hassle, no payments, and no consequences. Unfortunately, that is not reality. What is IRS One Time Forgiveness? Is it real?  There […]

Discovering a federal tax lien on your property can be distressing. A tax lien is the IRS’s legal claim against your property due to unpaid tax debt. While it does not directly seize assets, it can damage your credit, impact your ability to sell property, and create financial hardship. However, applying for a withdrawal of […]