Have you ever actually tried to call the IRS to discuss your tax problem? You’ll literally wait for hours before you get through to a human being. To add insult to injury, when you finally do get through to someone, you’re often told their computers are down and you’ll need to...
IRS Collection Defense
The IRS and Your Right to Representation
The Internal Revenue Code makes it clear that any time you are dealing with the IRS, you have the right to representation in connection with contact with any employee or officer of the IRS. IRC 7521(b)( 2)provides as follows: “If the taxpayer clearly states to an officer or...
IRAs and Tax Debt
Lately, the IRS has shown an increased willingness to seize IRAs and retirement accounts to pay delinquent tax debts. These deplorable levies are genuinely frightening to a retiree who cannot survive on Social Security alone. IRS management moves slowly in it’s approval of such...
Unfiled Returns & Wage Levies
In order for the IRS to levy, it must have assessments. To generate assessments for a non-filer, the IRS will do substistute for returns (SFRs). The IRS will often use the SFR assessments to issue wage and bank levies. If the levies are a hardship, does the Taxpayer have to...
Late Filed Returns and Bankruptcy
Historically, a taxpayer could late file tax returns and, after a two-year window, discharge the taxes in a Chapter Seven bankruptcy. Even if the IRS had done Substitute for Returns (SFR), the taxpayer could discharge the taxes if he or she met the two-year rule. In 1999, a...
Can the IRS Come after an LLC for Personal Taxes?
Filing your taxes is never easy, and when you are preparing them for an LLC, the complexity can go up a great deal. You may have certain questions come taxes, with one of them likely being: Can the IRS come after an LLC for personal taxes? Thankfully, The IRS cannot levy your...
HELP: Offer in Compromise
For many people, the stress of taxes end with the end of tax season, but when you have back taxes you can be just beginning a path towards a scary and big problem. The main cause of this difficulty is that the interest and penalties continuously building up. New Hope...
How to Avoid a Tax Levy
The IRS can be intimidating for a number of very good reasons, one of which is their ability to slap you with a tax levy. While many people assume that the IRS can’t truly begin to threaten you until after various warnings and legal proceedings, a tax levy basically means that...
What You Need to Know About Tax Liens
A Lien is a measure the IRS can take out against you if you fail to pay your taxes or respond to messages from the IRS telling you to do so. With a tax lien against your property, you will be unable to sell or transfer that property, or to even take out a loan against your...
Understanding Wage Garnishment
As friendly as it sounds, wage garnishment is not something that you want. It does not benefit your wage, and it is not a delicious garnish. In fact, it is something you would do well to avoid. Wage garnishment is the money automatically taken from your paycheck when you refuse...