To understand IRS lien subordination, you must first know what a tax lien is. Simply put, a federal tax lien is the U.S. government’s legal claim against your property when you fail to pay a tax debt. When the IRS…
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Dealing with back IRS tax debt can be a daunting task, but it is important to take action and address the issue as soon as possible. The Internal Revenue Service (IRS) is known for its strict enforcement of tax laws,…
We often meet with taxpayers that would like to have their tax problems solved with an offer in compromise. While an offer in compromise is an excellent way for qualified taxpayers to settle back tax debt for much less than…
Sometimes it happens by accident. You didn’t withhold enough from your paycheck during the year and find you owe the IRS money when it’s time to file your tax return.Or maybe you came into some money, spent it, and didn’t…
When you’re struggling with tax issues and need urgent tax resolution assistance, East Coast Tax Consulting Group is your answer. From helping you with unfiled tax returns to negotiating back tax settlements to providing IRS audit defense, our skilled CPAs…
For most people, personal finance is a deeply private matter and the idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety. However, when taxpayers find themselves with tax debts that they…
The IRS’s offer in compromise program can be a great way to reduce the amount of debt you owe and make your payments more manageable. After all, the program is mutually beneficial to you and the IRS—it allows you to negotiate…
We all have a responsibility to pay our taxes each year. But what happens when the amount you owe has spiraled out of control?
Taxpayers have certain rights, both on the federal level, as well as on the state level. Unfortunately, when dealing with large bureaucracies like the IRS, it can be hard for the average individual to understand his or her rights and…
Did you know that if you file a joint income tax return with your spouse it’s possible to lose your refund? When your spouse has outstanding tax debts prior to your marriage or from filing a separate return during your…