IRS Installment Agreement
March 12, 2025
IRS Installment Agreement IRS Installment Agreements: Taxpayer Self-Medication? Installment Agreements: The concept of an IRS Installment Agreement is pretty basic and similar to paying for a ‘large-ticket’ purchase like a car or a home. Since most cannot afford to come up with the full purchase price of expensive goods, making payments has become the American…
Resolve Unfiled Tax Returns
March 12, 2025
Resolve Unfiled Tax Returns What If I Have Unfiled Income Tax Returns? Many taxpayers miss the tax return filing deadline for various reasons and thus fall behind on their tax return obligations. Unfiled income tax returns can become a very overwhelming problem. Unexpected life events, financial hardship, and a myriad of other reasons can be…
Currently Not Collectible
March 12, 2025
Currently Not Collectible What is “Currently Not Collectible” Status? If you are currently experiencing IRS tax debt, you may qualify for Currently Not Collectible, (“CNC”) status with the federal government. CNC status is most often awarded to taxpayers who currently owe back taxes to the IRS and cannot make payments toward that tax debt. CNC…
Penalty And Interest Abatement_new
March 12, 2025
Penalty And Interest Abatement When it rains, it pours. We’ve all heard the phrase, but it can be especially true for people with financial issues that seem to compound to the point of hopelessness. For example, think about someone going through a divorce. In addition to a broken relationship, they face issues with their home,…
Understanding IRS Tax Levies and Garnishments
March 11, 2025
Understanding IRS Tax Levies and Garnishments Often times, taxpayers fall behind on their taxes owed to the IRS. Once this debt reaches a certain point, the Internal Revenue Service may file a tax levy against you.A levy or garnishment is a collection measure used by the IRS to collect on back taxes owed. Though these…