An IRS Bank Levy is one of the ways the Internal Revenue Service (IRS) can collect unpaid taxes. If you owe back taxes and have not made arrangements to resolve your debt, the IRS can seize your bank account for…
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An IRS Notice of Deficiency, also known as a “90-day letter,” is a notice that no taxpayer wants to receive. It was sent to you because the IRS is proposing an increase to your taxes due to a mail or…
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…
If you’ve been notified that your tax return is subject to an Internal Revenue Service (IRS) audit or examination, you may have received an IRS Information Document Request or IDR. This formal request from the IRS is a standard part…
Getting a letter from the Internal Revenue Service (IRS) can be a source of anxiety for many individuals. One particular letter, IRS Letter 1058, frequently causes confusion and worry. It is a serious matter if you’ve recently received IRS Letter…
Sometimes unforeseen circumstances can create financial hardships that make it difficult for individuals and businesses to meet their tax obligations. To alleviate some of the financial strain, the IRS offers a Tax Forgiveness Program, officially known as an Offer in…
Facing IRS tax problems can be a stressful and complex situation, and you might think you need the help of a tax attorney. While tax attorneys can provide valuable assistance and expertise, they may not be necessary or affordable for…
Tax audits are often the stuff of nightmares for many taxpayers. The idea of the Internal Revenue Service (IRS) combing through your financial records and scrutinizing your tax returns can be intimidating. One common question that arises is, “How far…
Choosing a tax resolution company can feel overwhelming, especially when dealing with complicated tax issues. Tax resolution companies can help individuals and businesses negotiate with the IRS to reduce their tax debts and resolve their tax problems. Here are some…
The Internal Revenue Service (IRS) is responsible for ensuring that taxpayers comply with tax laws and regulations. To accomplish this, the IRS employs two types of professionals who work with taxpayers: Revenue Agents and Revenue Officers. While both Revenue Agents…