Backup Withholding Tax And How It Affects You
September 30, 2025
By Eric Pemper, Founder of CuraDebtHelping people resolve unsecured, tax, and business debt since 2001 · BBB A+ accredited Last updated: July 5, 2026 Backup Withholding Tax And How It Affects You The short answerBackup withholding is a flat 24% federal tax a payer removes from certain payments, mostly investment income and contractor pay, and…
Before the Tax Office Takes From You, Learn How to Settle Your IRS Debt Fast
September 17, 2025
Tax debt can quickly escalate from a manageable problem to a genuine threat to your most valuable possessions. To settle IRS tax debt fast, it's crucial to act promptly. If you fall behind on your obligations, the IRS wields significant collection powers that can reach into personal bank accounts, paychecks, and even family homes. Understanding…
Federal Tax Liens: What They Are and How to Resolve Them Fast
September 2, 2025
Nobody wants to hear from the IRS. But when you owe back taxes and can't pay, the situation gets serious quickly. One tool the IRS uses to collect unpaid taxes is a federal tax lien. This legal claim can hurt your credit and make it hard to sell property or get loans. The good news?…
Can the IRS Seize Joint Bank Accounts? What You Need To Know
June 26, 2025
By Eric Pemper, Founder of CuraDebtHelping people resolve unsecured, tax, and business debt since 2001 · BBB A+ accredited Last updated: July 3, 2026 Can The IRS Seize Joint Bank Accounts? The short answerYes. Under Internal Revenue Code § 6331, the IRS can levy a joint bank account even if only one owner owes taxes,…
Understand The IRS Form 1099-C And 1099-C Statute Of Limitations
June 14, 2024
Dealing with debt is stressful enough—then comes tax season, and suddenly, you’re hit with IRS Form 1099-C. If a creditor cancels a debt of $600 or more, they’re required to send you this form, and it’s also reported to the IRS. That canceled debt might now be considered taxable income, which can come as an…