Addressing the Options When Facing a Tax Levy
When facing a tax levy, it’s essential to understand what it entails. A tax levy, not to be confused with a lien, is a legal seizure of your property to satisfy a tax debt. It can involve garnishing…
Protecting Against the Trials of an IRS Levy
Imagine waking up one day to discover your bank account has been seized by the IRS due to outstanding taxes. This nightmare scenario isn’t uncommon, but there are steps you can take to avoid it. Understanding IRS Levy…
Evaluating Payment Plan Options when Facing Tax Debts
The arduous process of handling tax debts can lead to uncertainty and anxiety. It’s during these trying times that guidance from the right professionals can be invaluable. Tax debts arise when you’re unable to pay your tax liability…
Penalties Associated with Underpaying Your Taxes
Paying taxes is a civic duty, contributing to public welfare and demonstrating responsible citizenship. Underpayment of taxes not only catches the IRS’s eye but can also lead to serious consequences. The Financial Repercussions When you underpay taxes, the…
Can Unpaid Tax Debts Lead to Home Foreclosure?
Karen had been a homeowner for almost a decade. She was an everyday person who worked diligently to maintain her home and pay her bills. However, she found herself battling with tax debts. Despite her hard work and…
How to Unfreeze a Bank Account that the IRS Has Frozen
Imagine waking up to discover your bank account has been frozen by the Internal Revenue Service. This could have a catastrophic effect on all aspects of life, emphasizing the importance of understanding the IRS’s actions and how to…
