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How Does Tax Relief Work
It’s almost the end of the year and the taxman is beginning to collect. For a taxpayer, there’s nothing more depressing than receiving collection notices from Uncle Sam. It’s even more depressing when you know you can’t afford what they are asking. So, what should you do? In...
How Do Tax Liens Work?
There are different ways to make money in the property market. Some buy and sell properties for profit and others receive rental income from them. Now, investors have a new investment vehicle called a Tax Lien. A tax lien refers to a claim by the government on the property of a...
What Is Wage Garnishment?
Are you aware that your creditors or the Internal Revenue Service (IRS) have the legal power to force your employer to withhold a certain percentage of your wages as payment for money you owe them? We call this practice wage garnishment and it can be devastating to you. Wage...
How Long Does an IRS Wage Levy Last?
When you have unsettled tax debt, the Internal Revenue Service (IRS) has the legal obligation to follow you up and claim the money. Sometimes, it may mean compelling your employer to hold a part of your wages until the debt is cleared. This is what happens during an IRS wage...
How Long Do Tax Liens Stay On Your Credit Report?
So How Long Do Tax Liens Stay On Your Credit Report? Good news – tax liens are no longer part of credit reports. Tax liens used to be appear on your credit reports, but in 2017, all 3 credit reporting agencies implemented changes to eliminate civil judgment records (that a...
Who Can Do My Taxes for Free?
It’s an acceptable fact that no one enjoys paying taxes. It’s not just complicated but can also be expensive. Tax professionals don’t come cheap and unless you know how to do proper tax filing, you may have to concede to the idea of hiring their service. And if you decide not...
How Long Does Offer in Compromise Take?
People get into debts for different reasons. For some, it’s a case of poor decision-making. For others, it’s because of unexpected medical bills, joblessness, and high standards of living. The problem with debts is that they can take away your dignity. You may feel ashamed to...
Why You Need a Tax Professional Like Tax Crisis Institute
A terrible headache, a racing heart and a sleepless night are some of the issues that you have to deal with when a tax crisis is looming. It’s generally hard to stomach the idea that the taxman is coming to collect. Actually, it’s not just late payments that you should be...
Tax Liens and Your Credit
For an entrepreneur, you can’t always have money for daily stock. Sometimes, you have to get someone to supply you on credit. So, debts are ordinary in the business world. Of course, no debt is good debt for it has to be paid. It’s even more problematic when you owe the...
Wage Levy: What Is It? Why Do You Need to Avoid It? Why Seek Help from Tax Crisis Institute to Handle It?
Are you aware that the IRS can ask your employer to hold a fraction of your wages as payment for unpaid taxes? What about your creditors? Are you aware that they can legally claim a part of your finances or assets as payment for outstanding debts? Well, this is what a wage...