If you owe money to the IRS, one of the biggest mistakes you can make is assuming that collection activity moves slowly. For years, taxpayers often had months- or even years- to address unresolved tax debt before facing serious enforcement action. While delays still occur in...
IRS Collection Defense
How We Got a $262,317 IRS Bank Levy Released for a Retired Bakersfield Couple Facing Cancer Treatment
When John and Mary (names changed for privacy) called our office, they were facing every taxpayer's nightmare: the IRS had frozen their CitiBank account through a bank levy, placing $262,317 at risk. Unless the levy was released within the IRS's mandatory 21-day holding...
How Long Can the IRS Collect Taxes From Me?
If you owe back taxes or have had tax problems hanging over your head for a while, you’ve probably found yourself wondering: how long can the IRS actually chase me for money? Is there a time limit, or can they come after me forever? How long can the IRS collect taxes from me?...
Facing an ERC Tax Problem? What Every Business Owner Needs to Know
Do you owe taxes because of the Employee Retention Credit? You’re not alone—and you’re not at fault. Thousands of businesses across the country are being hit with unexpected IRS audits, massive back-tax bills, and penalties after claiming the ERC—often through third-party...
What is the IRS Collection Statute on Unpaid Taxes and What Can Pause It?
Learn about the IRS Collection Statute of Limitations for unpaid taxes and discover key factors that can pause or extend the statute. Get helpful insights and expert guidance.
Does the IRS Use Private Debt Collectors?
Yes. he IRS, tasked with collecting taxes and enforcing tax laws, has turned to private debt collectors to assist with certain tax debts. This move has stirred debate, with some questioning the IRS's intentions. Let's dive deeper into the two main reasons the IRS cites for...
How Far Back Can the IRS Go for Unfiled Taxes?
Very few people look forward to filing their income tax returns, but putting off this dreaded chore can lead to severe consequences that range from losing a refund to spending time behind bars. This article will cover what could happen if you don’t submit a tax return, explain...
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...
Wage Garnishment: Causes and Ways to Prevent It.
Wаgе gаrnіѕhmеnt hарреnѕ whеn a соurt оrdеrѕ thаt уоur еmрlоуеr dіvеrt a роrtіоn оf уоur раусhесk tо thе сrеdіtоr оr реrѕоn tо whоm уоu оwе mоnеу. Chіld ѕuрроrt, соnѕumеr dеbtѕ аnd ѕtudеnt lоаnѕ аrе соmmоn ѕоurсеѕ оf wаgе gаrnіѕhmеnt. Yоur еаrnіngѕ wіll bе gаrnіѕhеd untіl thе...
Wage Levy vs Wage Garnishment: What is the Difference?
Levies аnd gаrnіѕhmеntѕ аrе lеgаl рrосееdіngѕ mаdе bу thе Intеrnаl Rеvеnuе Sеrvісе tо ѕеіzе your ѕtrеаm оf іnсоmе оr аѕѕеtѕ. Lеvіеѕ аrе uѕеd fоr fіnаnсіаl ассоuntѕ whеrеаѕ gаrnіѕhmеntѕ аrе uѕеd fоr wаgеѕ. Thе fоllоwіng are thе mаіn dіffеrеnсеѕ bеtwееn lеvіеѕ аnd gаrnіѕhmеntѕ....