Does Bankruptcy Stop IRS Refund Offsets?
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
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.
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
If you owe the IRS for more than one tax year, you might feel overwhelmed trying to manage different balances. The good news is that the IRS usually allows taxpayers … Read more
Setting up an IRS installment agreement can be a huge relief. It breaks your tax debt into manageable monthly payments and protects you from immediate collection actions. But what if … Read more
Falling behind on your taxes can be overwhelming, especially once the IRS gets involved. One of the toughest collection actions they use is wage garnishment, where part of your paycheck … Read more
When taxpayers fall behind on their IRS debts, one of the harshest collection tools the agency can use is a bank levy. Many people assume that once the IRS levies … Read more
One of the most urgent questions taxpayers ask when the IRS begins taking their assets is, “Can I negotiate with the IRS once they start a levy?” Whether the levy … Read more
When you secure penalty relief from the IRS, whether through First-Time Abatement (FTA) or a reasonable-cause waiver, it’s important to understand exactly what you’ve removed and what remains on your … Read more
When life throws unexpected challenges your way, such as health issues, natural disasters or simple oversight, it’s easy to miss an IRS deadline and incur penalties. Thankfully, the IRS offers … Read more
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
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
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
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
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