What You Need to Know on IRS Tax Declaration During the year, taxpayers all over the country face concern about their taxes. The IRS may seem like a threatening entity working against the taxpayer, but in fact there are many resources that the IRS makes available to help taxpayers maintain their status and pay debts. [...]
IMPLICATIONS OF OWING BACK TAXES TO THE IRS Owing back taxes to the IRS can complicate your chance of getting a dream home. Although you may still be approved for a mortgage with unpaid federal tax debt, you immediately become a riskier borrower because of it. In order for a home lender to approve it, you will [...]
THE IRS REQUIREMENTS ON OFFER IN COMPROMISE Life can be really expensive—student loans, mortgage payments, buying a car, food, clothes, insurance. With all of these bills summing up, paying taxes to the IRS can be really difficult. While falling behind on your taxes is never a perfect scenario, it might be your reality. Fortunately, you [...]
Tax Errors Taxpayers Make In Reporting Taxes to the IRS It is very important to have knowledge of the top tax errors taxpayers make in order to prevent having issues with the IRS. Let us take a look at some of the errors: 1. Failing to report all of your income: It’s quite easy to [...]
WARNING SIGNALS THAT CAN SET OFF IRS AUDITS What is an IRS Audits? An IRS audit is an effective scrutiny or assessment of a taxpayer or business accounts and financial information to make certain the provided information is accurate and complies with tax laws. The IRS conducts audits to ensure the amount you reported on your individual or business [...]
DEALING WITH THE IRS AND TAX PROBLEM Dealing with the IRS and your taxes does not have to be a demanding experience provided that you use the resources to communicate with them. The IRS provides email correspondence that gives taxpayers the opportunity to stay current on tax and filing requirements. However, the tax problem can [...]
https://www.google.com/url?sa=i&url=http%3A%2F%2Fwww.legacytaxresolutionservices.com%2Firs-tax-notices-letters%2Fnotice-cp91-final-notice-before-levy-on-social-security-benefits&psig=AOvVaw0tOcxqpMm-eYW_2Fuh7t8m&ust=1639778442690000&source=images&cd=vfe&ved=0CAsQjRxqFwoTCKD2ve-o6fQCFQAAAAAdAAAAABADThe Notice CP91 is usually issued by the IRS to inform the taxpayer that if they fail to pay their debts, they will undoubtedly levy their social security benefits. This notice, however, may have been issued as the final to a string of others prior to it. Usually, the IRS would get in touch with [...]
