# Precision Tax Relief (PrecisionTax.com) > Precision Tax Relief is a tax resolution firm dedicated to helping individuals and businesses resolve their IRS tax debts and related issues. With a team of experienced tax professionals, PTR offers ethical, transparent tax relief solutions and a range of services to address back taxes, tax liens, levies, and more. ## Important Pages - **Homepage** – [Precision Tax Relief](https://www.precisiontax.com/): Experience the Precision Tax Relief advantage with ethical solutions, perfect ratings (A+ BBB, BBB Torch Awards, etc.), and flexible payment plans tailored to your situation. - **Services** – Overview of our tax relief solutions: - **Back Tax Return Filing** – [Back Tax Returns](https://www.precisiontax.com/services/back-tax-returns): Assistance in filing overdue returns to reduce penalties. - **Offer in Compromise Negotiation** – [Offer in Compromise](https://www.precisiontax.com/services/offer-in-compromise): Settle your tax debt for less than owed when qualified. - **Revenue Officer Assistance** – [Revenue Officer Assistance](https://www.precisiontax.com/services/irs-revenue-officers): Expert support when facing IRS Revenue Officers. - **Payroll Tax Debt Assistance** – [Payroll Tax Debt](https://www.precisiontax.com/services/payroll-tax-debt): Specialized help for businesses with unpaid payroll taxes. - **IRS Levy Release** – [IRS Levy](https://www.precisiontax.com/services/irs-levy): Quick action to stop IRS asset seizures and levies. - **IRS Bank Levy Release** – [IRS Bank Levy](https://www.precisiontax.com/services/irs-levy/bank-levy): Guidance on removing levies on bank accounts. - **IRS Wage Levy Release** – [IRS Wage Levy](https://www.precisiontax.com/services/irs-levy/wage-levy): Solutions to stop wage garnishments. - **Federal Tax Lien Release** – [Federal Tax Liens](https://www.precisiontax.com/services/federal-tax-liens): Help in addressing or removing liens on your property. - **IRS Hardship Status** – [IRS Hardship Status](https://www.precisiontax.com/services/irs-hardship-status): Assistance in obtaining “Currently Not Collectible” status. - **Tax Debt Expiration Advice** – [Tax Debt Expiration](https://www.precisiontax.com/services/tax-debt-expiration): Strategies leveraging the IRS 10-year collection statute. - **IRS Payment Plan Negotiation** – [IRS Payment Plan](https://www.precisiontax.com/services/irs-payment-plan): Options for setting up manageable installment agreements. - **Penalty Abatement Negotiation** – [Penalty Abatement](https://www.precisiontax.com/services/tax-penalty-relief): Services aimed at reducing or eliminating IRS penalties. - **Annual Tax Preparation** – [Current Year Tax Preparation](https://www.precisiontax.com/services/current-year-tax-preparation): Ongoing tax filing services to keep you compliant. - **Bookkeeping Services** – [Bookkeeping Services](https://www.precisiontax.com/services/bookkeeping): Professional bookkeeping to maintain accurate financial records. - **Innocent Spouse Application** – [Innocent Spouse](https://www.precisiontax.com/services/innocent-spouse): Relief for individuals held liable for a spouse’s tax debt. - **Client Success** – [Client Success](https://www.precisiontax.com/client-success): Read testimonials and case studies of clients who settled large tax debts for significantly reduced amounts. - **Why Us** – [Why Us](https://www.precisiontax.com/why-us): Learn about our ethical approach, award-winning service (BBB Torch Awards, CNBC, Investopedia recognitions), and our expert team. - **FAQ** – [FAQ](https://www.precisiontax.com/faq): Frequently asked questions about tax relief and IRS procedures. - **About Us** – [About Us](https://www.precisiontax.com/about-us): Background on Precision Tax Relief’s mission, leadership team, and history since 1967. - **Our Process** – [Our Process](https://www.precisiontax.com/our-process): An explanation of how we guide you from consultation to resolution. - **Affordability** – [Affordability](https://www.precisiontax.com/affordability): Details on our cost-effective payment plans and financial options. - **Blog** – [Blog](https://www.precisiontax.com/blog): A collection of educational articles and guides on tax issues, IRS policies, and relief options. ## Other Useful Links - **Free Consultation** – [Call Now](tel:1-855-212-5900) or [Request a Consultation](https://www.precisiontax.com/about-us#contact): Contact us to schedule a no-obligation consultation with a licensed tax professional. - **BBB Torch Awards** – [BBB Torch Awards](https://www.precisiontax.com/why-us): View our recognitions for ethics and excellence. - **Client Reviews** – [Trustpilot & Google Reviews](https://www.precisiontax.com/client-success): Read what our clients say about our service. ## Featured Blog Posts - [Understanding IRS Seizures: Which Assets Can Be Seized](https://www.precisiontax.com/wp-content/uploads/LLMs/understanding-irs-seizures-which-assets-can-be-seized.md): A blog post explaining what assets the IRS can seize, the process they follow, and tips to protect your property. - [I Haven’t Filed Taxes in 10 Years. What Do I Do?](https://www.precisiontax.com/wp-content/uploads/LLMs/i-havent-filed-taxes-in-10-years-what-do-i-do.md): A comprehensive guide for long-term non-filers outlining the consequences of non-filing, steps to catch up on back tax returns, and strategies to resolve tax debts. - [What is the Minimum Monthly Payment for IRS Installment Agreement](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-the-minimum-monthly-payment-for-irs-installment-agreement.md): An article detailing how the IRS calculates the minimum monthly payment for an installment agreement and factors that can affect your payment plan. - [What is a Tax Levy on a Paycheck](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-a-tax-levy-on-a-paycheck.md): Explains how a tax levy on a paycheck works, what triggers it, and options to mitigate its impact. - [Can You Get a Passport if You Owe Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-get-a-passport-if-you-owe-taxes.md): Reviews how owing taxes may affect your ability to obtain or renew a passport. - [How to Find Out Your IRS CSED](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-find-out-your-irs-csed.md): Provides guidance on checking your IRS Collection Statute Expiration Date (CSED) and understanding its importance. - [Can My 401(k) be Seized or Garnished](https://www.precisiontax.com/wp-content/uploads/LLMs/can-my-401k-be-seized-or-garnished.md): Explores whether and how your 401(k) retirement account might be affected by IRS actions. - [Best Tax Relief Companies in California](https://www.precisiontax.com/wp-content/uploads/LLMs/best-tax-relief-companies-in-california.md): A review highlighting top tax relief providers in California with insights on their services and client feedback. - [What is a Bank Levy and How Can I Avoid One](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-a-bank-levy-and-how-can-i-avoid-one.md): Details the bank levy process, triggers, and practical strategies to prevent or reverse a bank levy. - [My OIC was Rejected. Now What?](https://www.precisiontax.com/wp-content/uploads/LLMs/my-oic-was-rejected-now-what-llm.md): This blog post discusses what to do if your Offer in Compromise is rejected by the IRS, emphasizing options such as appealing the decision, submitting a revised offer, or exploring alternative tax relief solutions. - [Can the IRS Access Your Bank Records Without Your Knowledge?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-the-irs-access-your-bank-records-llm.md): The blog post explains that while the IRS does not routinely monitor bank accounts, it can access financial records for audits, investigations, or to collect unpaid taxes, often without a warrant. - [IRS One Time Tax Debt Forgiveness: What It Is, How It Works, and How to Apply](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-one-time-tax-debt-forgiveness-llm.md): The blog post clarifies that the "IRS one time forgiveness" is a misleading term that does not exist; instead, the IRS offers structured relief options such as First-Time Penalty Abatement, Offer in Compromise, and Installment Agreements, each with specific eligibility criteria. - [How Much Do You Have to Owe the IRS to Go to Jail?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-much-do-you-have-to-owe-the-irs-to-go-to-jail-llm.md): The blog post explains that while owing taxes alone does not result in jail time, intentional tax fraud or evasion can lead to criminal charges and imprisonment. - [How To Apply For A Withdrawal Of Notice Of Federal Tax Lien](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-apply-for-a-withdrawal-of-notice-of-federal-tax-lien-llm.md): This blog post explains how to apply for a withdrawal of a Notice of Federal Tax Lien, detailing the eligibility criteria, application steps, and common mistakes to avoid. - [Back to Normal: Can an IRS Tax Levy Be Reversed?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-an-irs-tax-levy-be-reversed-llm.md): The blog post explains IRS tax levies, how they can affect your property and wages, and outlines options for reversing levies through payments, agreements, or demonstrating financial hardship. - [IRS Tax Levy? Who You Should Call](https://www.precisiontax.com/wp-content/uploads/LLMs/who-do-i-call-about-an-irs-tax-levy-llm.md): The blog post explains the importance of seeking professional help, specifically from enrolled agents or tax attorneys, to effectively manage IRS tax levies and achieve a favorable outcome in negotiations. - [Is It Against the Law to Not File Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/is-it-against-the-law-to-not-file-taxes-llm.md): The blog post explains that while not everyone is required to file taxes each year, failure to file and pay taxes can result in legal consequences, penalties, and interest, with options like extensions and payment plans available for those unable to pay immediately. - [Understanding of IRS LT11 notice or Letter 1058](https://www.precisiontax.com/wp-content/uploads/LLMs/understanding-of-irs-lt11-notice-or-letter-1058-llm.md): The blog post provides a guide on understanding IRS LT11 notices and Letter 1058, emphasizing the urgency to act within 30 days to avoid asset seizure and outlining potential solutions such as negotiating payment plans or seeking professional tax assistance. - [How To File An IRS Hardship Form](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-file-an-irs-hardship-form-llm.md): This blog post explains how to file an IRS hardship form to seek temporary relief from tax payments, emphasizing the importance of providing detailed financial information and considering professional tax assistance. - [What Is IRS Notice CP71C and How to Handle It](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-irs-notice-cp71c-and-how-to-handle-it-llm.md): The blog post explains IRS Notice CP71C, an annual reminder of unpaid tax balances, detailing how to address it through verification, evaluating payment options, and seeking professional assistance to avoid escalating penalties. - [Can You Get a Mortgage with Unfiled Tax Returns?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-get-a-mortgage-with-unfiled-tax-returns-llm.md): This blog post explains how unfiled tax returns impact mortgage approval and offers solutions like filing missing returns or exploring alternative loan options to secure better mortgage terms. - [What Are Your Options After Receiving An IRS Garnishment Letter?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-are-your-options-after-receiving-an-irs-garnishment-letter-llm.md): The blog post guides readers on how to respond to an IRS wage garnishment notice, offering strategies to stop or reduce garnishment and prevent future issues. - [How to Find Out How Much You Owe the IRS ](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-find-out-how-much-you-owe-the-irs-llm.md): This blog post explains how individuals can identify their tax liabilities to the IRS and outlines the potential financial consequences of unresolved tax debts, emphasizing the benefits of professional tax relief services to manage and resolve these issues effectively. - [Up for Grabs: What Can The IRS Levy?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-can-the-irs-levy-llm.md): The blog post explains the different types of IRS levies used to collect unpaid taxes, including seizing wages, bank accounts, and property, and emphasizes the importance of addressing tax debts promptly to avoid such actions. - [How to Choose a Tax Relief Company](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-choose-a-tax-relief-company-llm.md): To find trustworthy help with IRS tax debt, evaluate firms based on their billing practices, experience, reviews, and guarantees to avoid predatory practices and ensure effective resolution. - [Do You Qualify for Tax Forgiveness? Eligibility Guidelines & Steps to Take Next](https://www.precisiontax.com/wp-content/uploads/LLMs/do-you-qualify-for-tax-forgiveness-llm.md): The blog post explains that while the "IRS Debt Forgiveness Program" is a misleading term, legitimate IRS relief options such as Offer in Compromise, Installment Agreements, Currently Not Collectible status, and Penalty Abatement can help taxpayers manage and reduce their tax debt based on individual financial circumstances. - [What If I Cannot Afford My Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-if-i-cannot-afford-my-taxes-llm.md): The blog post outlines options for those unable to pay their taxes, emphasizing the importance of timely filing and exploring IRS payment plans, installment agreements, and potential penalty relief. - [When Does the IRS Pursue Criminal Charges?](https://www.precisiontax.com/wp-content/uploads/LLMs/when-does-the-irs-pursue-criminal-charges-llm.md): The blog post discusses the process and consequences of IRS criminal investigations into tax evasion, emphasizing the importance of legal representation and compliance to mitigate potential penalties. - [What Happens If I Don’t File Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-happens-if-i-dont-file-taxes-llm.md): This post explains the consequences of not filing taxes, highlighting IRS penalties, interest accrual, and potential enforcement actions, while advising on solutions like filing for extensions or negotiating with the IRS to mitigate these issues. - [How Far Can the IRS Go Back to Collect Unpaid Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-far-can-the-irs-go-back-to-collect-unpaid-taxes-llm.md): The blog post explains the IRS statute of limitations, noting the 10-year period for collecting unpaid taxes after assessment and conditions that may extend this period, such as bankruptcy or installment agreements. - [Understanding the Difference Between an IRS Levy & an IRS Lien](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-levy-versus-lien-llm.md): This blog post explains the differences between IRS levies and liens, emphasizing the importance of understanding each to manage or mitigate their financial impact. - [Tax Planning and Preparation: Get Your Free Tax Calendar 2025](https://www.precisiontax.com/wp-content/uploads/LLMs/tax-planning-and-preparation-get-your-free-tax-calendar-llm.md): The blog post emphasizes the importance of tax planning and preparation as essential financial tasks that help minimize tax burdens and ensure accurate compliance with laws while highlighting the benefits of working with qualified tax professionals. - [Precision Tax Named Among 2025’s Top Tax Relief Companies](https://www.precisiontax.com/wp-content/uploads/LLMs/precision-tax-named-among-2025s-top-tax-relief-companies-llm.md): This blog post emphasizes the importance of choosing a credible tax relief partner, highlighting Precision Tax's proven success and recognition by GOBankingRates for effectively resolving complex tax issues and providing personalized, transparent solutions. - [How Precision Tax Relief Can Help Settle Your Tax Debt](https://www.precisiontax.com/wp-content/uploads/LLMs/how-precision-tax-relief-can-help-settle-your-tax-debt-llm.md): The blog post explains how Precision Tax Relief assists individuals in resolving tax debts through tailored resolution plans and expert negotiation with the IRS. - [Penalties For Unfiled Tax Returns And How To Avoid Them](https://www.precisiontax.com/wp-content/uploads/LLMs/penalties-for-unfiled-tax-returns-and-how-to-avoid-them-llm.md): The blog post discusses the financial penalties imposed by the IRS for unfiled tax returns, emphasizing the importance of prompt resolution to avoid escalating charges and suggesting options for penalty relief. - [IRS Notice LT38: A Guide to Your Rights and Next Steps](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-notice-lt38-a-guide-to-your-rights-and-next-steps-llm.md): The blog post discusses IRS Notice LT38, explaining its purpose as a reminder for outstanding tax balances and offering guidance on how to effectively respond, including reading instructions carefully, gathering necessary documents, and contacting a tax lawyer if needed. - [The Ultimate Guide to Dealing with Unpaid Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/the-ultimate-guide-to-dealing-with-unpaid-back-taxes-llm.md): This blog post explains various strategies for managing unpaid back taxes, including negotiating payment plans with the IRS and adjusting personal finances to fulfill tax obligations. - [How Tax Relief Programs Work for Overdue Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-tax-relief-programs-work-for-overdue-taxes-llm.md): This blog post explores various IRS tax relief programs, explaining how they can help individuals and businesses alleviate financial stress caused by tax debts and penalties. - [Precision Tax Relief Wins BBB Torch Award for Ethics](https://www.precisiontax.com/wp-content/uploads/LLMs/precision-tax-relief-wins-bbb-torch-award-for-ethics-llm.md): Precision Tax Relief won the 2019 Better Business Bureau Torch Award for Ethics, highlighting their strong ethical practices and commitment to customer trust. - [Precision Tax Honored as a Best Place to Work](https://www.precisiontax.com/wp-content/uploads/LLMs/precision-tax-honored-as-a-best-place-to-work-llm.md): The blog post discusses Precision Tax Relief's recognition as one of the 2018 Best Places to Work in the Inland Northwest, emphasizing factors such as a positive work environment, competitive benefits, career development opportunities, and a supportive company culture that contribute to employee satisfaction. - [When to Hire a Tax Attorney](https://www.precisiontax.com/wp-content/uploads/LLMs/when-to-hire-a-tax-attorney-llm.md): This blog post discusses the benefits of hiring a tax attorney for handling complex IRS issues, highlighting situations such as large tax debts, audits, and legal disputes where professional legal assistance is crucial for effective resolution and penalty reduction. - [Can I Modify My IRS Payment Plan?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-i-modify-my-irs-payment-plan-llm.md): This blog post explains how taxpayers can modify their IRS installment agreements due to financial challenges by adjusting payment amounts, requesting temporary suspensions, or extending repayment periods, emphasizing the importance of clear communication with the IRS to avoid penalties or default. - [Missed the Tax Deadline? What You Should Do Now](https://www.precisiontax.com/wp-content/uploads/LLMs/missed-the-tax-deadline-what-you-should-do-now-llm.md): Filing taxes late incurs penalties if you owe money, but acting quickly can minimize costs, and filing even after deadlines can secure refunds. - [IRS Certified Letters – What You Need to Know in 2025](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-certified-letters-what-you-need-to-know-llm.md): The blog post explains the reasons why the IRS sends certified letters, the importance of responding promptly, and how to verify the legitimacy of these letters to avoid scams. - [Do Scholarships and Grants Affect My Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/do-scholarships-and-grants-affect-my-taxes-llm.md): This blog post explains the tax implications of scholarships and grants, emphasizing their tax-free status when used for qualified education expenses. - [How to Get Rid of Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-get-rid-of-back-taxes-llm.md): The post discusses strategies for resolving back taxes, including options like the IRS Fresh Start Initiative, borrowing from retirement funds, and bankruptcy, emphasizing the importance of understanding eligibility and consulting experts for personalized guidance. - [What You Need to Know About an IRS Levy](https://www.precisiontax.com/wp-content/uploads/LLMs/what-you-need-to-know-about-an-irs-levy-llm.md): This blog post explains the IRS levy process and offers guidance on how to prevent or remove levies on wages or accounts by negotiating payment plans or seeking professional assistance. - [Military Pay Exclusions & Extensions – What does it all mean?](https://www.precisiontax.com/wp-content/uploads/LLMs/military-pay-exclusions-extensions-what-does-it-all-mean-llm.md): The blog post explains tax rules, benefits, and planning techniques specific to U.S. military personnel, such as non-taxable allowances and strategies for utilizing tax-free combat pay for retirement planning. - [How Much Will the IRS Usually Settle for?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-much-will-the-irs-usually-settle-for-llm.md): The blog post explains the process of negotiating a tax settlement with the IRS and highlights options like "offer in compromise" to pay less than the total debt, emphasizing the importance of understanding eligibility and options to avoid escalating penalties and interest. - [How to Make Estimated Tax Payments for Self-Employed](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-make-estimated-tax-payments-for-self-employed-llm.md): The blog post provides a guide for self-employed individuals on how to estimate and pay quarterly taxes, emphasizing the importance of making timely payments to avoid penalties. - [Tax Debt Scams: How to Avoid Becoming a Victim When You Owe the IRS](https://www.precisiontax.com/wp-content/uploads/LLMs/tax-debt-scams-how-to-avoid-becoming-a-victim-when-you-owe-the-irs-llm.md): The blog post discusses common tax debt scams and offers advice on distinguishing legitimate IRS contact from scams, urging precautions against identity theft and fraudulent tax preparers. - [4 Tax Debt Relief Strategies When You Can’t Pay](https://www.precisiontax.com/wp-content/uploads/LLMs/4-tax-debt-relief-strategies-when-you-cant-pay-llm.md): The blog post explores four tactics for managing IRS tax debt, including uncollectible status, offers in compromise, installment plans, and bankruptcy, highlighting them as rights for individuals facing financial hardship. - [Dead Stop: How Do You Stop an IRS Tax Levy?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-do-you-stop-an-irs-tax-levy-llm.md): The blog post explains that to prevent an IRS tax levy, taxpayers should promptly respond to warning letters and consider options like lump sum payments, offers in compromise, or payment plans before a levy is enforced. - [Can IRS Take Your Car for Tax Debts?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-irs-take-your-car-for-tax-debts-llm.md): This blog post explains that the IRS can seize vehicles to settle tax debts and provides steps to protect your car, such as negotiating a payment plan or proving economic hardship. - [How Many Years Back Can You File Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-many-years-back-can-you-file-taxes-llm.md): This blog post outlines how to address unfiled back taxes, emphasizing that the IRS requires filing up to six years to remain in good standing and avoid penalties, though refunds for unfiled returns are only available for up to three years. - [The IRS Fresh Start Tax Program: 2025](https://www.precisiontax.com/wp-content/uploads/LLMs/the-irs-fresh-start-tax-program-llm.md): The blog explains the IRS Fresh Start Initiative, a program offering various tax relief options to help eligible taxpayers manage and settle their tax debts more easily. - [IRS Tax Relief Options for Seniors](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-tax-relief-options-llm.md): This blog post outlines various IRS tax relief options available to senior citizens, including exemptions, deductions, credits, and property tax benefits, emphasizing the importance of checking state-specific eligibility. - [How Does Tax Debt Affect Your Credit Score?](https://www.precisiontax.com/wp-content/uploads/LLMs/how-does-tax-debt-affect-your-credit-score-llm.md): The blog post explains how tax debt can indirectly affect your credit score by leading to financial challenges such as federal tax liens, collection accounts, and potential financial stress, and provides steps to manage and resolve tax debt effectively. - [What is Currently Not Collectible Status?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-currently-not-collectible-status-llm.md): This blog post explains the IRS's Currently Not Collectible (CNC) status, which offers temporary relief from tax debt collections for qualifying individuals facing financial hardship. - [5 Things Not to Do If You Owe Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/5-things-not-to-do-if-you-owe-back-taxes-llm.md): The blog post outlines common mistakes to avoid when dealing with back taxes, emphasizing the importance of timely filing, engaging with the IRS, and considering professional tax relief assistance. - [What is Considered Delinquent Federal Tax Debt?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-considered-delinquent-federal-tax-debt-llm.md): The blog post explains the consequences of delinquent taxes, including asset seizure and travel restrictions, and outlines options for managing tax debt, such as payment plans and penalty abatement. - [IRS Tax Liens and Your Citizenship Interview: What You Need to Know](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-tax-liens-and-your-citizenship-interview-what-you-need-to-know-llm.md): This blog post explains how unresolved tax debts can impact your US citizenship application and emphasizes the importance of resolving these issues through actions like setting up an IRS payment plan or filing back tax returns to meet the "good moral character" requirement. - [Can You Have 2 Installment Agreements with the IRS?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-have-2-installment-agreements-with-the-irs-llm.md): The blog post explains how to manage IRS installment agreements, emphasizing that taxpayers typically cannot have multiple simultaneous agreements and must consolidate debts into a single plan while exploring options like Offers in Compromise or Currently Not Collectible status for financial relief. - [Not A Letter To Brush Aside: What is a Notice of Intent to Offset?](https://www.precisiontax.com/wp-content/uploads/LLMs/not-a-letter-to-brush-aside-what-is-a-notice-of-intent-to-offset-llm.md): A Notice of Intent to Offset from the IRS indicates that they plan to use your tax refund to cover existing debts, but you can dispute the debt, set up a payment plan, or seek professional advice to mitigate the impact. - [What Happens to IRS Tax Debt When You Pass Away?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-happens-to-irs-tax-debt-when-you-pass-away-llm.md): When a person dies with IRS tax debt, the debt is settled using the deceased's estate assets, and if there are no assets, the IRS may cancel the debt, ensuring heirs do not inherit it. - [Can You Buy a House If You Owe Back Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-buy-a-house-if-you-owe-back-taxes-llm.md): The blog post explains how individuals with outstanding tax debts can still purchase a home by setting up repayment plans, addressing tax liens, and proving financial responsibility to gain mortgage approval. - [Will Enforcement Efforts Cause a Surge in IRS Audit Numbers?](https://www.precisiontax.com/wp-content/uploads/LLMs/will-enforcement-efforts-cause-a-surge-in-irs-audit-numbers-llm.md): The TIGTA report details how the Inflation Reduction Act's funding is enhancing IRS enforcement through increased resources, technology modernization, and workforce expansion, leading to more frequent audits and stronger tax compliance measures. - [What Is an IRS Tax Lien and How Do You Handle It?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-is-an-irs-tax-lien-llm.md): The post explains what an IRS tax lien is, the steps leading up to it, and offers methods for resolving it, such as payment plans, tax forgiveness programs, and checking IRS procedural errors. - [How Much Do I Owe The IRS?: How To Find Out What You Owe In Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-much-do-i-owe-the-irs-llm.md): The blog post explains how recent changes in tax laws may lead to increased tax liabilities and offers various methods, including using the IRS online portal, requesting a Record of Account, and consulting professionals, to determine and resolve any outstanding tax debts. - [What Are the IRS Interest Rates for Payment Plans and Unpaid Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-are-the-irs-interest-rates-for-payment-plans-and-unpaid-taxes-llm.md): The blog post explains how failing to pay U.S. federal taxes on time results in accruing daily-compounded interest, highlights the importance of managing tax debts swiftly to prevent financial strain, and outlines strategies for minimizing IRS penalties and interest. - [What Happens If You Owe the IRS More Than $50,000?](https://www.precisiontax.com/wp-content/uploads/LLMs/what-happens-if-you-owe-the-irs-more-than-50000-llm.md): Owing the IRS more than $50,000 can lead to severe financial and legal consequences, but understanding available mitigation options like payment plans or tax relief programs can help you navigate and resolve substantial tax debt effectively. - [Schedule A Changes Due to Tax Cuts and Jobs Act TCJA](https://www.precisiontax.com/wp-content/uploads/LLMs/schedule-a-changes-due-to-tax-cuts-and-jobs-act-tcja-llm.md): The blog post discusses the Tax Cuts and Jobs Act's changes to tax deductions and strategies like charitable IRA distributions to optimize benefits under the new tax law. - [I Owe Back Taxes, Can I Still Apply for US Citizenship?](https://www.precisiontax.com/wp-content/uploads/LLMs/i-owe-back-taxes-can-i-still-apply-for-us-citizenship-llm.md): The blog post discusses the impact of owing back taxes on applying for US citizenship and outlines how resolving tax debts through payment plans or offers in compromise can help demonstrate good moral character to improve chances of application approval. - [Will I go to jail for not paying taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/will-i-go-to-jail-for-not-paying-taxes-llm.md): This blog post discusses the consequences of failing to pay taxes in the U.S., including potential fines, asset seizures, and in extreme cases, jail time, while recommending consulting a tax attorney for guidance and potential mitigation. - [What Happens if I Owe Taxes? The Possibilities & What to Do Next](https://www.precisiontax.com/wp-content/uploads/LLMs/what-happens-if-i-owe-taxes-and-what-to-do-next-llm.md): This blog post outlines the various consequences of owing taxes to the IRS, including penalties, loss of refunds, and potential legal actions, while emphasizing the importance of seeking professional tax relief assistance. - [Precision Tax Honored with Prestigious BBB Torch Award for Ethics](https://www.precisiontax.com/wp-content/uploads/LLMs/precision-tax-honored-with-prestigious-bbb-torch-award-for-ethics-llm.md): Precision Tax celebrates winning the BBB Torch Award for Ethics, highlighting their commitment to integrity and customer-focused tax solutions. - [How to stop IRS garnishment](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-stop-irs-garnishment-llm.md): This blog post explains IRS garnishment, highlighting how to protect your income by paying off debts, negotiating payment plans, or qualifying for an Offer in Compromise. - [Tax Relief Programs offered by the IRS](https://www.precisiontax.com/wp-content/uploads/LLMs/tax-relief-programs-offered-by-the-irs-llm.md): This blog post explores various IRS tax relief programs, such as the Fresh Start Initiative, designed to help taxpayers manage and reduce their tax debts effectively. - [How to Qualify for IRS Offer in Compromise](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-qualify-for-irs-offer-in-compromise-llm.md): The blog post explains the IRS Offer in Compromise program, detailing eligibility criteria and application procedures for settling tax debts for less than owed. - [IRS Tax Levy vs. Lien: How Are They Different?](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-tax-levy-vs-lien-llm.md): This blog post explains the differences between IRS tax liens and levies, emphasizing the importance of addressing liens promptly to avoid property seizures and credit score impacts. - [DIY vs Tax Professional: How to Resolve Your Tax Problem on Your Own](https://www.precisiontax.com/wp-content/uploads/LLMs/diy-vs-tax-professional-how-to-resolve-your-tax-problem-on-your-own-llm.md): This blog post provides a step-by-step guide for resolving IRS tax debt issues on your own, emphasizing when DIY solutions are effective and when to consider hiring a tax relief professional for more complex cases. - [Can You Go to Jail for Not Filing Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-go-to-jail-for-not-filing-taxes-llm.md): This post discusses the consequences of failing to file taxes, explaining that while missing a single filing is unlikely to result in jail time, repeated and intentional violations can lead to severe penalties or imprisonment. - [IRS Tax Levy Rules For 2025](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-tax-levy-rules-llm.md): This blog post explains the IRS tax levy process, highlighting options like installment agreements and Offers in Compromise to manage and potentially reduce owed back taxes. - [Understanding IRS Offer In Compromise And The Impact Of Dissipated Assets](https://www.precisiontax.com/wp-content/uploads/LLMs/understanding-irs-offer-in-compromise-and-the-impact-of-dissipated-assets-llm.md): The blog post discusses the IRS Offer in Compromise program, focusing on how dissipated assets can affect the acceptance of a taxpayer's offer and strategies to address such issues for successful tax debt resolution. - [Tax Levies: How To Avoid & Deal With Them!](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-avoid-and-deal-with-tax-levies-llm.md): This blog post explains the serious consequences of owing back taxes, detailing how an IRS tax levy works and providing strategies to avoid property seizure, such as paying taxes on time or negotiating installment plans. - [Does IRS Forgive Tax Debt After 10 Years?](https://www.precisiontax.com/wp-content/uploads/LLMs/does-irs-forgive-tax-debt-after-10-years-llm.md): Understanding the IRS's statutes of limitations can help taxpayers manage their obligations effectively, as it defines time frames for assessment, refunds, and collections, with specific situations potentially extending these periods. - [Will Trump’s IRS Plan Cancel Your Tax Debt?](https://www.precisiontax.com/wp-content/uploads/LLMs/will-trumps-irs-plan-cancel-your-tax-debt-llm.md): The blog post explains that despite President Trump's proposal to replace the IRS with an agency funded by tariffs, the IRS remains necessary for collecting various taxes like payroll and capital gains, and taxpayers still need to address existing tax obligations. - [Your IRS Account Is in Jeopardy of Lien or Levy](https://www.precisiontax.com/wp-content/uploads/LLMs/your-irs-account-is-in-jeopardy-of-lien-or-levy-llm.md): This blog post provides guidance on responding to IRS notices, particularly the CP504, emphasizing the importance of taking action to avoid asset seizure through liens or levies. - [Do You Need a Tax Attorney If You’re Not a U.S. Citizen?](https://www.precisiontax.com/wp-content/uploads/LLMs/do-you-need-a-tax-attorney-if-youre-not-a-us-citizen-llm.md): The blog details the complex U.S. tax obligations faced by non-U.S. citizens, emphasizing the importance of understanding tax residency status and consulting a tax attorney to avoid penalties and ensure compliance. - [Can the IRS Revoke Your Passport Over Tax Debt? Here’s What to Know](https://www.precisiontax.com/wp-content/uploads/LLMs/can-the-irs-revoke-your-passport-over-tax-debt-heres-what-to-know-llm.md): The blog post details how delinquent tax debt under the FAST Act can lead to U.S. passport revocation and provides guidance on managing such debts to prevent travel restrictions. - [More IRS Notices Are Coming in 2025 Especially If You Owe Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/more-irs-notices-are-coming-in-2025-especially-if-you-owe-taxes-llm.md): The blog post explains that due to increased funding, the IRS is stepping up its tax collection efforts, resulting in more collection notices being sent, and offers guidance on understanding and responding to these notices. - [Should You Wait to Naturalize Until Your Tax Debt Is Paid Off?](https://www.precisiontax.com/wp-content/uploads/LLMs/should-you-wait-to-naturalize-until-your-tax-debt-is-paid-off-llm.md): The post provides guidance on applying for U.S. citizenship with tax debt, focusing on maintaining "Good Moral Character" by demonstrating compliance through filing returns and establishing an IRS payment plan. - [Facing Tax Evasion Jail Time? Your Top Questions Answered](https://www.precisiontax.com/wp-content/uploads/LLMs/facing-tax-evasion-jail-time-your-top-questions-answered-llm.md): This blog post explains the distinctions between tax mistakes and criminal tax evasion, discussing the legal consequences and steps to resolve potential issues with the IRS. - [How Immigrants Can Protect Their Refunds From IRS Seizure Due to Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-immigrants-can-protect-their-refunds-from-irs-seizure-due-to-back-taxes-llm.md): The blog post provides guidance for immigrants in the US on protecting their tax refunds by proactively addressing tax debts with formal IRS solutions, which also supports their "Good Moral Character" requirement for citizenship applications. - [Top-rated Tax Relief Companies — Los Angeles](https://www.precisiontax.com/wp-content/uploads/LLMs/top-rated-tax-relief-companies-los-angeles-llm.md): This blog post provides a guide to selecting the best tax relief companies in Los Angeles, emphasizing the importance of considering customer reviews, communication, and company track records to address various tax issues. - [Should You Take a Tax Refund Advance if You Owe Back Taxes?](https://www.precisiontax.com/wp-content/uploads/LLMs/should-you-take-a-tax-refund-advance-if-you-owe-back-taxes-llm.md): The blog post explains how tax refunds can be intercepted by the IRS to cover outstanding debts and the risks involved with taking refund advances, suggesting IRS payment solutions as more prudent alternatives. - [What to Do When Your Books Are a Mess: Bookkeeping Clean-Up Guide](https://www.precisiontax.com/wp-content/uploads/LLMs/what-to-do-when-your-books-are-a-mess-bookkeeping-clean-up-guide-llm.md): This blog post outlines a step-by-step guide to bookkeeping cleanup, helping business owners transition from disorganized financial records to accurate and actionable financial clarity through document gathering, reconciliation, and professional assistance when needed. - [IRS Targets Federal Workers With Unfiled or Unpaid Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/irs-targets-federal-workers-with-unfiled-or-unpaid-taxes-llm.md): The blog post discusses the IRS's increased focus on enforcing tax compliance among high-income earners and federal employees, emphasizing the severe penalties for failing to file or pay taxes and highlighting the importance of timely resolution to avoid legal consequences. - [The New IRS Simple Payment Plan: A 10-Year Path to Tax Debt Relief](https://www.precisiontax.com/wp-content/uploads/LLMs/the-new-irs-simple-payment-plan-a-10-year-path-to-tax-debt-relief-llm.md): The blog post discusses the IRS's new "Simple" Payment Plan, allowing taxpayers with debts under $50,000 to repay over 10 years, offering longer-term relief and less paperwork compared to previous options. - [One Big Beautiful Bill Act: What the Trump Tax Plan 2025 Means for Your Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/one-big-beautiful-bill-act-what-the-trump-tax-plan-means-for-your-back-taxes-llm.md): The blog post discusses the One Big Beautiful Bill Act signed in 2025, highlighting its tax reforms like expanded SALT deductions and boosted child credits, while emphasizing that it does not forgive existing IRS debts, for which professional financial assistance may be necessary. - [Tax Debt & Retirement Planning: How to Secure Your Future](https://www.precisiontax.com/wp-content/uploads/LLMs/tax-debt-retirement-planning-how-to-secure-your-future-llm.md): The blog post emphasizes the importance of addressing IRS tax debt before retirement to avoid financial insecurity, offering strategies and relief options to ensure a secure and stress-free retirement. - [Can You Discharge IRS Tax Debt in Bankruptcy?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-you-discharge-irs-tax-debt-in-bankruptcy-llm.md): The blog post explains that certain IRS tax debts can be discharged through Chapter 7 bankruptcy if specific conditions are met, but alternatives like Chapter 13 reorganization or IRS settlement programs may offer more suitable solutions depending on individual circumstances. - [How to Stop IRS Interest from Piling Up on Your Tax Debt](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-stop-irs-interest-from-piling-up-llm.md): This blog post explains how IRS interest and penalties work, offers various strategies like interest abatement and the Fresh Start Program to manage growing tax debt, and highlights the importance of taking action to avoid further financial damage. - [Can the IRS Garnish Social Security Benefits?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-the-irs-garnish-social-security-benefits-llm.md): The blog post explains that the IRS can garnish up to 15% of your Social Security benefits to pay overdue federal taxes, and it outlines steps to prevent or stop such garnishments by exploring IRS programs or consulting tax professionals. - [Can I Have Two Wage Garnishments at One Time?](https://www.precisiontax.com/wp-content/uploads/LLMs/can-i-have-two-wage-garnishments-at-one-time-llm.md): The blog post provides guidance on dealing with multiple wage garnishments, explaining the legal limits on garnishment amounts and offering an immediate 3-step action plan to halt garnishments, including verifying deductions, negotiating with creditors, and considering bankruptcy options. - [I Haven’t Filed Taxes in 3 Years, But How to Protect Your Refund](https://www.precisiontax.com/wp-content/uploads/LLMs/i-havent-filed-taxes-in-3-years-but-how-to-protect-your-refund-llm.md): This blog post explains the urgency of filing federal taxes within a three-year window to claim potential refunds and provides a six-step action plan to resolve back taxes and avoid forfeiting any due refunds. - [Why Is The CBE Group Calling You? An IRS CP40 Notice](https://www.precisiontax.com/wp-content/uploads/LLMs/why-is-the-cbe-group-calling-you-an-irs-cp40-notice-llm.md): This blog post provides an overview of The CBE Group's role as a private collection agency for IRS debt, highlighting important protections under the Fair Debt Collection Practices Act and steps for verifying communications and managing debt negotiations. - [How Small Business Owners Can Find Tax Relief in 2025](https://www.precisiontax.com/wp-content/uploads/LLMs/how-small-business-owners-can-find-tax-relief-llm.md): The blog post provides an actionable guide for small businesses to manage existing tax debts and offers strategies to prevent future tax issues, including understanding root causes, resolving liabilities through IRS programs, and optimizing tax planning and deductions. - [What If You Can’t Afford to Pay Your Taxes? Here’s What to Do](https://www.precisiontax.com/wp-content/uploads/LLMs/what-if-you-cant-afford-to-pay-your-taxes-llm.md): If you can't afford your tax bill, it's crucial to file on time and explore payment options with the IRS, such as installment agreements or offers in compromise, to manage debt and minimize penalties. - [5 Costly Mistakes to Avoid If You Owe Back Taxes to the IRS](https://www.precisiontax.com/wp-content/uploads/LLMs/5-costly-mistakes-to-avoid-if-you-owe-back-taxes-to-the-irs-llm.md): The blog post emphasizes the importance of filing current taxes on time, responding to IRS notices, and exploring payment plans to avoid severe penalties and maximize options for resolving IRS tax debt. - [Back Taxes and Retirement: How to Protect Your Savings](https://www.precisiontax.com/wp-content/uploads/LLMs/back-taxes-retirement-planning-llm.md): The blog post provides strategies for managing tax debt before retirement, emphasizing IRS programs like Offers in Compromise and Installment Agreements to mitigate the risk of asset levies and preserve retirement savings. - [How the IRS Finds Out About Your Assets](https://www.precisiontax.com/wp-content/uploads/LLMs/how-the-irs-finds-out-about-your-assets-llm.md): The blog post provides a detailed explanation of how the IRS discovers assets for collection purposes and outlines immediate steps and professional help available to manage and prevent levies effectively. - [Will the IRS Negotiate If You Can’t Pay?](https://www.precisiontax.com/wp-content/uploads/LLMs/will-the-irs-negotiate-if-you-cant-pay-llm.md): The blog post explains that if you're unable to pay your taxes in full, the IRS offers various installment agreements to gradually manage tax debt, preventing aggressive collection actions. - [How to Find Out the Last Time I Filed Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-find-out-the-last-time-i-filed-taxes-llm.md): The blog post provides a comprehensive guide on how to navigate the process of catching up on unfiled taxes, emphasizing the importance of obtaining IRS transcripts and understanding deadlines to effectively resolve tax issues. - [Can the IRS Take Your Inheritance? What Heirs Need to Know ](https://www.precisiontax.com/wp-content/uploads/LLMs/can-the-irs-take-your-inheritance-llm.md): This blog post explains that while receiving an inheritance is generally tax-free, the IRS can seize it if there are outstanding tax debts of the decedent or heir, and it advises on preventive measures to protect beneficiaries' assets. - [Payroll Tax Debt Resolution: How Clean Books Cut IRS Negotiations Time by 50%](https://www.precisiontax.com/wp-content/uploads/LLMs/how-clean-books-protect-your-retirement-llm.md): The blog post explains how meticulous bookkeeping can protect business owners from severe personal financial liability under the IRS Trust Fund Recovery Penalty by providing organized financial records that decrease negotiation time and prevent inflated tax assessments. - [How to Choose the Right IRS Payment Plan for Back Taxes](https://www.precisiontax.com/wp-content/uploads/LLMs/how-to-choose-the-right-irs-payment-plan-for-back-taxes-llm.md): The blog post explains various IRS payment plan options for managing tax debt, stressing the importance of selecting the right plan based on your financial situation to maintain financial stability and avoid enforcement actions, especially as part of retirement planning.