Ever wonder what would happen if you didn’t pay your taxes? When deciding which bills are the most important to pay, some people don’t include the IRS as a top priority, believe it or not! Think about it – if you skip utility bills, they shut off your service. If you skip a car payment, [...]
Filed under: Filing Taxes, Tax Levy, Tax Lien, irs penalties | Comment (0)
Owing back taxes can be a very frustrating situation when you do not have the money all at once to pay off the debt. If you are behind on your state and/or federal taxes, it is not uncommon to have a tax wage garnishment implemented through your employer to collect the money owned. Wage garnishment [...]
Filed under: Tax Levy | Comment (0)
With recent decreases in tax revenues the IRS is stepping up collection efforts more than ever, so you can be sure that the IRS will collect from you what is owed. The IRS has created an automated collection system that ensures that they will get what they want. Because of this system the IRS is [...]
Filed under: Tax Levies, Tax Levy, Tax Lien, Tax Opinion | Comment (0)
Last Thursday, the IRS auctioned off 7k acres of land in South Dakota (Part of Crow Creek Indian Reservation) that the Crow Creek Sioux Tribe owned because Crow Creek Tribal Farms (A corp formed under tribal laws) owed about $3+ million in back taxes, penalties and interest for unpaid employment taxes. The buyer has not [...]
Filed under: Tax Levies, Tax Levy, Tax News | Comment (1)
If you have tax problems and are looking for professional help it is important to find a reliable tax company to help. There are many companies out there that can help, large and small. Both large and small companies have their benefits. Depending on what you are looking for in a tax company and what [...]
Filed under: Installment Agreements, Payment Plans, Tax Levy, Tax Lien, Tax Settlements | Comment (0)
Steps to follow in order to release an IRS tax levy. Includes Bank Levies, Wage Levies (IRS wage garnishment) and personal property. These steps include, contacting the IRS, filing outstanding tax returns, filing out necessary forms and coming to an Agreement with the IRS. Follow these steps to release and resolve an IRS bank levy. Again, an IRS tax professional is recommended in most cases in order to get the best outcome.
Filed under: Tax Levy, Tax Settlements | Comment (1)