Are you unable to resolve your tax debt? Very few things in life are as stressful as owing the IRS money, especially if you do not have the funds to pay what you owe. “So what ... Read More
Consequences of Failing to Resolve Your Tax Debt
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If you’re having tax problems
Never Fight the IRS Alone
The Internal Revenue Service, popularly known as the IRS, is the revenue service of the United States federal government that is tasked with the collection of taxes and enforcing of the Internal Revenue Code (IRC). Annually, scores ... Read More
Criminal Investigations and Penalties for IRS Offshore Disclosure
According to the IRS, the US loses several billions of dollars every year as a consequence of individuals who either hide or fail to report their offshore revenue or foreign earnings. Offshore tax fraud or tax ... Read More
Does your spouse want to out you to the IRS?
Whistle blowers are among the favorite heroes loved by the IRS. In fact, the IRS loves them so much that it has a program that may award a whistle blower up to 30% of the evaded ... Read More
CAN’T PAY YOUR TAXES? HERE’S WHAT TO DO:
Are you unable to pay your taxes before the fast approaching filing deadline? Are your tax bills amounting to an outrageous sum that you cannot be able to clear in time? Whatever the case, pending bills, ... Read More
Why You Should Hire a Tax Attorney for Your Tax Audit Defense
Only a few occasions such as a visit to the doctor can invoke the same dread that you get when you have an upcoming tax audit by the IRS. Any taxpayer that has never been audited ... Read More
What is a Doubt as to Liability Offer in Compromise?
A doubt as to liability Offer in Compromise (OIC) can be used to settle tax debt when there is a legitimate dispute about whether you actually owe the debt. If accepted, you may use a Doubt ... Read More
Can the IRS Garnish Your Wages If You’re Self-Employed?
Independent contractors and self-employed taxpayers may not have to worry about wage garnishments, but that doesn’t mean they entirely free from IRS collection actions. The IRS has many other collection powers at its disposal, so you’re ... Read More
How to Appeal the Trust Fund Recovery Penalty
The trust fund recovery penalty (TFRP) is equal to 100% of any unpaid trust fund taxes. You may become personally responsible for this penalty if the IRS determines that you are a responsible person at the ... Read More
When Will the IRS Levy a Retirement Account?
The IRS generally only levies retirement account funds when there are no other alternatives. If you don’t have other valuable assets and have failed to cooperate with the IRS, it’s possible that the money in your ... Read More
