IRS Form 4180: What the Interview Means
If the IRS contacts you about Form 4180, it usually means they are investigating unpaid payroll taxes and determining whether to hold someone personally responsible. This is not a routine … 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.
If the IRS contacts you about Form 4180, it usually means they are investigating unpaid payroll taxes and determining whether to hold someone personally responsible. This is not a routine … Read more
In some cases, the IRS can release a levy within a few days. In others, it may take longer depending on your situation. There is no fixed timeline. How quickly … Read more
Stopping an IRS bank levy starts with one thing: acting quickly. Once the levy hits your account, your funds are no longer fully under your control. But you still have … Read more
Yes, in most cases, you need to file all missing tax returns before the IRS will fully stop or release a levy. When the IRS issues a levy, your case … Read more
Yes, the IRS can freeze your business bank account through a bank levy. When this happens, the IRS sends a notice to your bank requiring them to hold the funds … Read more
When the IRS files a Substitute for Return (SFR) on your behalf, it is rarely in your favor. In most cases, it leads to a higher tax bill than what … Read more
Yes. In most cases, you need to file all missing tax returns before the IRS will negotiate with you. The IRS requires taxpayers to be in filing compliance before it … Read more
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
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