Debt Settlement IRS
Debt Settlement with the IRS - will it go away? Tax debt occurs when taxpayers do not pay the full amount of taxes they owe on their income. If taxpayers do not address their tax debts promptly, they can face penalties and interest on the unpaid balances, or even have [...]
What is our Tax Resolution Process – Negotiating on your behalf
What is our Tax Resolution Process? Our tax resolution process is broken down into four different steps to help the taxpayer find a solution to their current taxes issue. By hiring a tax expert the main benefit is to negotiate on your behalf on reducing the tax debt amount, removing [...]
Intent to terminate your installment agreement
Intent to terminate your Installment Agreement If you have received a CP523, CP523 (SP) or a CP623 notice the IRS is intending to terminate any installed agreement agreed between you and the IRS. Fortunately, the IRS is giving you 30 days to take action by either contacting them directly or hiring [...]
IRS NOTICE CP523
IRS Notice CP 523 is the letter you get from the IRS when you default on an IRS payment plan. This notice spells out your payment plan is in default and that the IRS may end it if you fail to act within 30 days. After thirty days they can [...]
What Happens If You Ignore Tax Debt?
What Happens If You Ignore Tax Debt? Paying taxes and, if necessary, finding solutions to your tax debt are essential aspects of managing your finances. Ignoring tax debt can lead to serious consequences with the IRS and other agencies that can impact your financial stability and future. But you can [...]
The Impact of Tax Debt on Your Credit Score
Tax debt can wreak havoc on your financial life in more ways than one. Not only does it directly affect your pockets, but it can also significantly impact your credit score. At Global Gate, our team of experts understands the challenges of dealing with tax debt. Headquartered in Irvine, California, [...]
Global Gate Tax Debt Attorneys Vs. Other Firms: What Sets Us Apart?
When dealing with tax debt, choosing the right firm can make all the difference in your financial future. At Global Gate, we take pride in being a full-service financial service provider in Irvine, California. Our experienced team of attorneys is committed to helping clients navigate the complexities of tax debt [...]
What is a Notice of Deficiency
What is a Notice of Deficiency? A Notice of Deficiency is a formal written letter by the IRS indicating that they believe you owe additional income tax. This letter is sent after the IRS reviews tax returns and determines that the amount of tax reported doesn’t match with their records. [...]
IRS Wage Garnishment Table for 2024
IRS Wage Garnishment Table for 2024 How much can the IRS Garnish? The amount the IRS will garnish from your wages are dependent upon different factors like your marital status and other personal financial obligations. If you’re single, married or have a family to support, your garnished amount will vary. [...]
Injured Spouse vs Innocent Spouse
Injured Spouse vs Innocent Spouse Tax Relief for Spouses Receiving a notice indicating that you owe additional tax on a joint return can be a bit scary. Fortunately, when the IRS mails out this notice, commonly known as the Notice of Offset, it includes clear instructions and enough information to [...]
Recent Comments