IRS Notice CP49: Why the IRS Took Your Refund to Pay a Debt
For many taxpayers, getting a tax refund may be one of the few bright spots during tax season. That’s why it can feel like a punch to the gut when … Read more
Will the IRS Take Your Tax Refund for Unreported Income?
If you’ve ever filed your taxes expecting a refund, only to get a notice saying the IRS kept it, you’re not alone. One common reason this happens is because of … Read more
What Happens If You Understate Your Income on a Tax Return?
Understating your income on a tax return, whether by mistake or intentionally, is a serious issue in the eyes of the IRS. When income goes unreported, the IRS sees it … Read more
Can the IRS Take Your 401(k) to Pay Back Taxes?
If you’re struggling with tax debt, you might be worried about whether the IRS can touch your retirement savings. Specifically, many taxpayers ask: can the IRS take your 401(k) to … Read more
Which IRS Letters Are Sent by the Automated Collection System (ACS)?
When you owe the IRS and ignore their letters, they won’t just go away. In fact, the notices will keep coming, and they’ll get more serious over time. Many of … Read more
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
IRS Final Notice to Levy: Difference Between LT11 and Letter 1058
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
Which IRS Form 433 Should You Use? A Quick Comparison
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
What Is IRS Form 433-H and Who Needs to File It?
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
Can I Sue the IRS for Improperly Seizing My Property?
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
What Happens if You Default on Your Offer in Compromise?
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
What Happens After Your Offer in Compromise Is Accepted by the IRS?
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
What to Do if You Missed the Tax Deadline
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
Do I Need to File a Tax Return If I Had No Income?
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
IRS Form 4868: How to File for an Automatic Tax Filing Extension
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
Can the IRS Seize All the Money in My Bank Account?
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
How Long Does a Tax Lien Stay in Effect?
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
Trump’s 2025 Tax Plan: What Eliminating Overtime Taxes Could Mean for You
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
Tips to Get Through The 2025 Tax Season Amid IRS Layoffs
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
How Could the IRS Layoffs in 2025 Impact Taxpayers?
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
