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 their assets seized. Thus, the [...]
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 any penalties and avoiding any [...]
Intent to Terminate 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 a tax expert to connect [...]
IRS Notice CP23IRS 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 seize your wages [...]
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 keep your situation from potentially [...]
Does owing the IRS affect 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 [...]
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 and achieve the best possible [...]
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. This notice officially informs you [...]
IRS Wage Garnishment Table 2025 How much can the IRS garnish? 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. [...]
Offer in Compromise Pre Qualifier IRS has a direct site directly to prequalify a taxpayer and asks for status, basic information, assets, income, expenses, proposal. We will be helping you get started, but first you will need to schedule a consultation and understand more about your situation. If you wish to take the IRS pre-qualifier [...]
