An IRS LT11 notice isn’t a routine payment reminder or bill. It’s a serious collection notice that indicates the IRS is planning to seize your wages or assets due to…
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If an IRS auditor finds mistakes and you "fail" the audit, you may face significant penalties. IRS audit penalties vary based on the nature of the error, but depending on…
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An Offer in Compromise (OIC) lets qualifying taxpayers settle tax debt for less than owed, but it's not the right option for everyone. The IRS's Offer in Compromise application requires…
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After you complete an IRS tax audit, the auditor may send you Form 4549 (Income Tax Examination Changes) summarizing the audit's findings and outlining changes made to your tax return.…
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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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Buying a home is exciting. It is also stressful, especially when you know there is something in your finances that could complicate the process. For many buyers, that something is…
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Owing back taxes can be unsettling, particularly when taxpayers are unsure what the Internal Revenue Service can and cannot do to collect a debt. Many people imagine immediate asset levies…
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When it comes to payroll tax problems, the trust fund recovery penalty (TFRP) is notable because one or more “responsible persons” could be personally liable for it. The responsible person…
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When taxpayers are unable to pay their tax debt in full, the IRS installment agreement program provides a practical solution. Rather than facing aggressive collection tactics such as bank levies…
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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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