Six Tax Debt Mistakes
When you have a tax debt, the IRS already has the advantage. Don’t make things worse while negotiating a tax debt and give them more leverage. You need to be…
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IRS Installment Agreement
If you have a tax debt and can’t afford to pay in full, then you can set up an IRS installment agreement. The IRS installment agreement allows you to pay…
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How to Remove a Federal Tax Lien
How to Remove a Federal Tax Lien If you owe the IRS more than $10,000, and can’t afford to pay them within 12 months, they are likely to file a…
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Currently Not Collectible Status
When you can’t afford to make any payments to the IRS, you can request to be listed as currently not collectible. This is available to those who don’t have ANY…
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IRS Collection Appeals Program (IRS CAP)
If you are unable to resolve your tax debt with the Revenue Agent or his manager, then you can proceed to the IRS Collection Appeals Program or IRS CAP. You…
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IRS Taxpayer Advocate Service
If you have a tax problem that you can’t resolve through normal channels, the IRS Taxpayer Advocate is there to help you. Yes, they are a division of the great…
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IRS Risks from a Tax Debt
Your IRS risks are those assets and income sources the U.S. government can levy, often before you can complete an installment agreement or Offer in Compromise. Understanding your IRS risks…
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IRS Penalty Abatement
An IRS penalty abatement is the best way to eliminate IRS penalties for late payment and late filing. An IRS penalty abatement doesn’t reduce the underlying tax, just the penalties…
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Tax Debt, Corporations and the IRS
This article on corporations and the IRS will describe how to use a corporation to keep the great collector at bay while you organize your finances and documents. You must…
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IRS Levy of a Foreign Bank Account
IRS Levy of a Foreign Bank Account Yes, the IRS can levy your foreign bank account. Don’t believe that your money is safe just because it is offshore. If you…
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