A number of tax deadlines are being extended for individuals, estates, business corporations and other bodies by the Internal Revenue Service and the Treasuring Department due to the on-going corona virus pandemic. Tax payments were originally due on April 15th, 2020 but as a result of the on-going crisis, the IRS has extended/postponed the tax [...]
A tax levy is one of the harshest collection mechanisms used by the IRS and state taxing authorities. A levy is the legal seizure of taxpayer’s assets to satisfy back taxes owed. This is different from a tax lien because a lien is only a claim to your assets while a levy is the actual [...]
IRS Tax Aid This brings us to the matter of how to decide if you need a Tax Advisor or a tax lawyer. A decision can cause a considerable headache to many. Happily, some specific examples can help you determine whether you need a Tax Advisor or the servers of a fully qualified tax lawyer. [...]
How to stop IRS garnishment of wages? Stop IRS Garnishments This is one of many ways the IRS uses to garnish wages as a way to collect your unpaid tax debt. Although there are various ways of going after unpaid tax debt like liens and levies, the IRS wage garnishment is one of the most [...]
If you can't pay your taxes on time in the United States, you may file a so-called "installment agreement" with the Internal Revenue Service (IRS). If the IRS grants the request, the agency will establish a payment plan so that you can make monthly payments on your back taxes. However, before requesting a payment agreement, [...]
During the tax season, people may find that they owe more taxes than they can pay. When this happens, the Internal Revenue Service (IRS) allows taxpayers to establish payment agreements to pay their tax burden. In most cases, the taxpayer must make a deposit and pay interest on the balance. It is important to note [...]
Form 9465 is what you need to fill out for your installment agreement request. The IRS will look over and review your request but don’t be deterred if your first request gets shot down. You are in a negotiation, so fight your corner and only meet an installment agreement that doesn’t put you in financial [...]
The Internal Revenue Service (IRS) and State taxation authorities charge a variety of tax penalties in order to ensure taxpayers remain in compliance with tax law. Typically, the severity of tax penalties assessed depends on the violation at stake. Taxes are generally assessed by computers that in many cases, don’t understand the circumstances that led [...]
Can’t pay your back taxes off in a single lump sum like the IRS expects? If you receive a notice that you owe money on your income taxes, an IRS installment agreement (IA) or short-term payment plan could be the solution you need. It breaks your balance down into a monthly repayment plan, so you [...]
Most people in the United States must file their tax returns with the Internal Revenue Service (IRS) each year. However, tax law is complicated. Tax attorney spend a lot of time studying local, state, and federal tax codes, and it often takes years of practice to gain a thorough understanding of the law. Among the [...]
