If you owe the IRS money in back taxes, you must resolve the debt to avoid having the federal agency take action against you. Some assessments they can enforce include: placing a lien on your home or garnishing your wages.
If you’re having tax problems
Category: tax debt relief
Failure to submit payroll taxes to the IRS can result in penalties against you and your business. If you have a valid reason as to why the taxes were not paid, the federal agency may consider waiving or reducing your penalties. With the guidance of your tax attorney, you can try to get your penalties… Read more »
While you can work with a tax preparer to file your annual taxes, there are situations where you should seek representation from a tax attorney. Some instances where it can benefit you to hire an attorney include: if you’re facing a tax audit; if you’re being charged with tax fraud; if you have a large… Read more »
If you owe money in back taxes, the IRS can legally take any income you make to pay off your federal tax debt. This can cause both financial hardship and embarrassment, as the IRS will contact your employer and require them to send a portion of your income directly to the federal agency. To avoid… Read more »
Do you owe back taxes to the IRS? Until your debt is paid in full, the federal agency can assess penalties, interest, and more. Fortunately, you have options on how to settle your debt with the IRS. One solution is an Offer in Compromise.
When you owe the IRS money in back taxes, the federal agency can use a variety of ways to obtain the debt, including assessing a bank levy. This means the IRS can place a freeze on your accounts and seize the money until your tax debt us satisfied. To try to have the bank levy… Read more »
If you are facing penalties from the IRS for paying or filing your taxes late, you have some options to get those assessments removed. Reasonable cause is one method to getting penalty abatement. Learn more about reasonable cause and how to qualify for it.
When you owe money to the IRS, you can typically set up a payment plan. But what happens if your financial situation changes before you’ve completed your payments, and you default on your plan? Find out what to do if you default on your IRS payment plan, and how a tax attorney can help.
Being in debt is not pleasant…and tax debt is no different. While filing for bankruptcy may help you with most debts, it is not always the best solution for dealing with IRS debts. One of the most popular ways for dealing with IRS debts is by settling tax debts through the Offer in Compromise Program.
You may be able to eliminate some or all of your marital tax debt by requesting innocent spouse relief. If you think you may qualify, contact a tax attorney right away to discuss your case.