Do you owe 941 employment and payroll back taxes? The answer is: Yes the IRS take a lien out on property for payroll taxes. Under IRC §6321, the federal government can encumber property with a general tax lien. Generally, this lien can be used to encumber any property that the…
If you are contacted by the IRS, they usually send you a notice to call, or pay an unpaid tax amount. Most taxpayers are confused as to what the notice is for, or what does it really mean. This article will clarify the most common notices received by taxpayers needing…
Do you owe the IRS unpaid back taxes? Have they sent you many letters but you did not respond? There are still options. CDP – Collection due process. If the time to respond to an IRS collection notice has passed, you, the taxpayer, or your power of attorney / representative,…
No one really wants to get themselves into the situation of owing back taxes. Unfortunately, it happens; and it happens most often when people are going through a difficult time including facing unemployment, life and relationship changes, and even medical problems. The present state of the economy certainly isn’t making…
If you haven’t paid back taxes, penalties, or interest – you may be able to work with us to apply for an Offer in Compromise (OIC) with the IRS in order to get compliant, alleviate your issues with the IRS collectors, and move forward. An OIC is an agreement to…
Often, married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Unfortunately, there are times because of divorce, separation, or other circumstances that one spouse becomes liable for taxes, interest, or penalties due to improper filing or reporting of their partner. If you…
Backlog on Taxes? Get A CPA for Back Taxes Nothing can be more stressful and alarming to have found your name in the black book of the IRS. It can be a case where you owe money following an audit, or taxes due in the current year or the previous…
The services of an enrolled agent for tax problem go a long way in resolving your IRS related tax issues. Though there are other tax professionals like tax attorneys and CPAs, in certain circumstances, it is best to take the help of enrolled agents. The question is ‘what are these…
Like a Ninja assassin, a bank levy strikes without a peep. How and when, no one knows. One day your debit/credit card will be working fine, but the next day your card will be rejected while making purchases or while trying to draw cash from the ATM. The IRS bank…
Timely tax payment is an important responsibility of every citizen and in the long run amounts to a better society with better amenities. Tax deductions from the salary do hurt and many resort to tax evasion as a way out. It must be understood that while tax evasion might appear…