Do you owe a large tax sum to the IRS that you cannot afford to resolve it in one payment? Relax. You have options. Instead of putting yourself in a tough place, financially, to pay your tax bill, you can work with a tax attorney to set up a payment plan with the IRS. This… Read more »
If you’re having tax problems
Tag: back taxes
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, you are expected to pay it back either in one lump sum or by setting up a payment plan. Failure to pay the taxes – or to follow through with the agreed-upon payment arrangement – can cause the IRS to take action. One type of… Read more »
What We Are Going to Cover: – Ignoring your tax debt won’t make it go away. In fact, it will only get worse. – The IRS is willing to work with taxpayers who have tax debts they cannot pay – 10 Reasons you shouldn’t ignore your tax debt: IRS notices Automated Collections Tax refund seizure… Read more »
The IRS can ask the State Department to deny your passport application or even revoke your passport if you have seriously delinquent tax debt. There are several ways to avoid IRS passport actions or to get your passport back after a denial or revocation.
If you’re already having financial problems, IRS collection actions can make your situation even more difficult. Fortunately, the IRS will consider your financial issues if you ask for a collection alternative.
Getting married means that you will share your life with your spouse in a lot of ways including your finances. With that being said, it is not uncommon to find spouses that did not talk about their finances before saying ‘I do’. This may bring about some unprecedented problems such as finding out that your… Read more »
Back taxes are bottomless pits. They come along when you fail to disclose all your income, don’t file your tax return, or don’t pay all your taxes. No matter how innocent you are, that first step toward back taxes can cost you much more in future. It can be a daunting task to try to… Read more »