Can the IRS Seize Joint Bank Accounts?
If you share a bank account with someone who has IRS tax debt, you might be wondering: Can the IRS take money from a joint account, even if I don’t … Read more
If you share a bank account with someone who has IRS tax debt, you might be wondering: Can the IRS take money from a joint account, even if I don’t … Read more
If you’ve received an LT11 or Letter 1058 from the IRS, do not ignore it. These are both serious notices warning you that the IRS intends to seize your assets … Read more
If you owe taxes to the IRS, you might be asked to fill out something called Form 433. But here’s the catch: there isn’t just one. And they’re not a … Read more
When you’re facing a tax bill that feels impossible to pay all at once, especially one over $50,000, the IRS offers some structured ways to get back on track. One … Read more
If you’ve had property seized by the IRS, you may be wondering if you have any recourse if you think it was done improperly. Maybe you’ve received notices about a … Read more
When you accept an OIC, you are agreeing to a set of terms laid out by the IRS, including the payment schedule and your obligation to remain compliant with tax … Read more
Getting an Offer in Compromise (OIC) accepted by the IRS is a huge relief for anyone struggling with tax debt, as it means the IRS has agreed to let you … Read more
Missing the IRS tax deadline can feel stressful, but you’re not alone, and more importantly: it’s not the end of the world. Every year, many taxpayers find themselves in the … Read more
If you had no income last year, you might be wondering: “Do I need to file a tax return?” Since there’s nothing to report, skipping tax season might seem like … Read more
Sometimes life gets busy and tax season sneaks up on you. If you need more time to prepare your federal tax return, the IRS offers a solution: IRS Form 4868, … Read more
Many taxpayers worry about whether the IRS can take all the money in their bank accounts if they owe back taxes. The short answer is YES, the IRS can seize … Read more
If you’ve received a Notice of Federal Tax Lien, you’re probably wondering how long it will last. A tax lien from the IRS can have a big impact on your … Read more
One of President Trump’s 2025 tax proposals is to eliminate taxes on overtime pay, aiming to provide relief to workers who take on extra hours. But how are overtime earnings … Read more
With the IRS expected to lay off thousands of employees, the 2025 tax season is shaping up to be a challenging one for both taxpayers and the agency. These workforce … Read more
The IRS is set to lay off thousands of employees as part of a broader federal workforce reduction, raising concerns about potential disruptions in tax return processing, audits, and customer … Read more
When faced with an IRS seizure, it’s important to remember that not all of your assets are fair game. While the IRS does have broad authority to collect tax debts, … Read more
Facing an IRS lien or levy can be stressful, especially when your property, wages, or bank accounts are at risk. A tax lien can make it difficult to sell your … Read more
For those struggling with overwhelming tax debt, filing for bankruptcy may be able to provide relief but it does not automatically erase all IRS obligations. While bankruptcy can halt collection … Read more
Yes, you can appeal an IRS levy. One of the IRS’s most powerful collection tools, a levy, allows the IRS to seize property, garnish wages, or withdraw funds from your … Read more
If you’re a self-employed individual with unfiled tax returns, you’re not alone. Many freelancers, contractors, and small business owners miss tax deadlines for various reasons. While the IRS takes tax … Read more
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