Can I File Form 9465 if I Owe More Than $50,000?
Yes, you can still request a payment plan with the IRS if you owe more than $50,000, but the process is usually more involved. Taxpayers who want to set up … Read more
The focus of our firm is helping individuals and business owners deal with IRS problems like a large tax debt bill, accumulated penalties and interest, or liens, levies and garnished wages. In this category of our blog, we have written various articles about these sorts of IRS tax problems and how to address them.
Yes, you can still request a payment plan with the IRS if you owe more than $50,000, but the process is usually more involved. Taxpayers who want to set up … Read more
Falling behind on tax returns can happen for many reasons, including financial hardship, job changes, or simple oversight. If you have not filed in several years, one of the first … Read more
If the Internal Revenue Service (IRS) is taking money directly from your paycheck, you may be wondering: will bankruptcy stop wage garnishment? For many taxpayers facing IRS collection actions, bankruptcy … Read more
When you receive an official notice from the Internal Revenue Service, it usually comes with a deadline to respond. In many cases, you are given 30 days to file an … Read more
Many small business owners, freelancers, and independent contractors are surprised to learn that the IRS can levy the payments they receive from clients or vendors. This type of enforcement, known … Read more
An IRS levy does not only affect the money you have today. In many cases, the IRS can also seize your future federal tax refunds and apply them to your … Read more
Many taxpayers assume that when the IRS collection statute expires after 10 years, all tax problems disappear automatically. While it is true that IRS liens generally expire with the collection … Read more
The IRS has the authority to levy a portion of your Social Security benefits if you have unpaid tax debt, and this can come as a shock to many retirees … Read more
When the IRS levies your wages, bank account, or other assets, your top priority becomes getting the levy released as quickly as possible. A levy can disrupt your life overnight … Read more
The IRS’ Final Notice of Intent to Levy is one of the most serious tax notices you can get. This letter, officially known as Notice LT11 or Letter 1058, lets … Read more
Selling a home with an IRS lien can be challenging, but it is possible with proper planning. A federal tax lien attached to your property means that the IRS has … Read more
Many taxpayers worry that the IRS might file a federal tax lien without warning. The good news is that the IRS does notify you before filing a lien. In fact, … Read more
If you are wondering whether bankruptcy can stop an IRS levy, the answer is: in many cases, yes. When you file for bankruptcy, an automatic stay goes into effect. This … Read more
Many people who owe the IRS hope that bankruptcy will give them a fresh start. Bankruptcy can stop most collection actions, like wage garnishments or bank levies. But one common … Read more
When you have tax debt but can’t pay your balance in full right away, the IRS offers installment agreements or more commonly called payment plans to help spread out what … Read more
An IRS installment agreement can make paying your tax debt less overwhelming by breaking it into monthly payments. But what happens if your financial situation changes after you’ve set it … Read more
If you’ve fallen behind on your taxes, you may wonder whether that unpaid balance could harm your credit. After all, most types of debt can show up on your credit … Read more
Both payroll tax and income tax are essential parts of how the IRS collects revenue, but they work in very different ways. Knowing how each one functions and who is … Read more
When a business can’t pay its tax debt, one possible relief option is Currently Not Collectible (CNC) status. This temporary protection stops the IRS from enforcing collections, like levies or … Read more
If you’re behind on your taxes, you may already know that the IRS has the power to collect what you owe in different ways. One of the most common surprises … Read more
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