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...
IRS Collection Defense
Tax Liens vs. Tax Levy
There are many people who live their lives day to day without ever hearing or caring what the difference is between a tax lien and a tax levy, but these people should be advised that when it comes to taxes, knowledge is power. The difference between the two terms, when used by...
New More Onerous IRS Living Standards
In October, 2007, the IRS revised its allowable expense standards to make them onerous. These standards where then revised again in February of 2010, which made adjustments annually in February for cost of living and inflation. Instead of establishing national standards...
Large Dollar SFRs and OICs
SFRs are substitute for returns prepared by the IRS. The issue has not been litigated in the ninth circuit, but IRS is successfully challenging the discharge in California and Nevada. TPs, taxpayers, only options are CNC - currently not collectable, IA – installment agreement...
Offer In Compromise for In-Business Tax Payers
Offer In Compromise or Bankruptcy? Most taxpayers who owe tax debts choose the certainty of bankruptcy over the uncertainty of the outcome of an Offer in compromise. The problem with a bankruptcy of an in-business taxpayer is the bankruptcy trustee may call for an appraisal of...
Tax Tips For the Unemployed
Everyone knows that the economy has been in a rut for quite a while now. Jobs are scarce, and times are hard. If you are unemployed, times can be even harder. But something you must realize is that even though you are unemployed, you still have to file taxes. But do not fret....
What Happens if you Don’t Pay Your Taxes?
Death and Taxes. These two aspects are famously stated to be the only two certainties in life. But with this inevitability of having to pay taxes baring down on all individuals in America there are more than a few who have failed to do so. People fail to pay taxes to the...
Does the IRS Levy at Christmas
You're a mean one Mr. IRS Tax Levy IRS was hit with a lot of negative press a few years ago when they sent out levies during the holiday season. These levies hit accounts set up for the minor kids of the taxpayers. Congress got an earful, put pressure on the IRS, and the IRS...
Can the IRS Levy More Than 15 % of Social Security?
How much can the IRS take from you? A common misconception is the IRS is limited to levying 15 % of the social security received. Under IRC Sec (6331(h), the IRS is permitted to levy 15 % to pay delinquent tax debts under the Federal Payment Levy Program. The IRS, however has...
How to tackle tax debt issues for a debt free and peaceful life
Tax related issues and debts have become very common these days. There are millions of people finding it hard to tackle their unfiled tax returns, audit penalties or back taxes. The lack of proper help seems to have amplified the problems of the people of this country. Well, if...