Few IRS collection actions feel as immediate or disruptive as a wage garnishment. When the Internal Revenue Service takes a portion of your paycheck before it ever reaches your bank…
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An IRS Bank Levy or Freeze is one of the ways the Internal Revenue Service (IRS) can collect unpaid taxes. If you owe back taxes and have not made arrangements…
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In Jeopardy of Lien or Levy: How to Interpret IRS Notices IRS notices can be alarming, especially when you're behind on paying taxes and worried about what the agency is…
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For many Americans, a 401(k) represents years, if not decades, of careful retirement planning. It's more than just a number on a statement; it's peace of mind for the future.…
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When the IRS issues a Notice of Federal Tax Lien or a Notice of Intent to Levy, it can be very concerning and should not be ignored. Fortunately, taxpayers have…
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Owing back taxes to the Internal Revenue Service can be quite stressful. This situation can become even more overwhelming for individuals who rely on Social Security benefits as their primary…
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Generally, before the IRS can levy a taxpayer's assets, it must notify the taxpayer of their right to a Collection Due Process (CDP) hearing. The IRS Independent Office of Appeals…
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IRS Notice CP 504 is a Notice of Intent to Levy, which says you're in jeopardy of facing a lien or levy. However, it’s not exactly what it sounds like.…
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A federal tax levy is the seizure of a taxpayer’s property used by the IRS to resolve a back tax debt. However, before the IRS is permitted to levy a…
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When you’re faced with tax debt that you do not have the ability to pay in full, you should ideally contact the IRS to apprise them of your situation and…
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