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Tax Relief Blog

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IRS tax levy – how to stop wage garnishments and bank levies

An IRS levy permits the legal seizure of your property to satisfy an unpaid tax debt. The IRS can garnish wages, take money from your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property. If you receive an IRS notice titled Final Notice of Intent…

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Offer in Compromise – OIC tax settlement

Dealing with tax debt is stressful, especially because of the aggressive methods IRS tends to employ for collecting the taxes owed to the government. These range from assessing multiple penalties on late payments, levying your bank accounts, garnishing your wages and sending an IRS Revenue Officer to padlock your business, to…

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TFRP Trust fund recovery penalty – Employment and payroll tax

Employment Taxes and the Trust Fund Recovery Penalty (TFRP). Notice 784, Could You be Personally Liable for Certain Unpaid Federal Taxes? IRS has updated its webpage guidance on the trust fund recovery penalty and who IRS can reach to pay it. The guidance is a reminder for all potential “responsible…

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Cannabis: Marijuana Businesses’ Offer In Compromise

IRS Small Business/Self-Employed Division memorandum, Calculation of Reasonable Collection Potential in Certain Offers in Compromise Cases (Apr. 28, 2016) IRS’s Small Business/Self-Employed Division (SB/SE) has instructed its Collection employees not to reject offers in compromise (OICs) by persons in the Cannabis / marijuana business, in states where marijuana sales are…

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What to do if you receive a IRS tax lien notice? What are your options? IRS Fresh Start program helpline 1-877-788-2937

Are you receiving calls, postcards and letters regarding your IRS tax lien? Are telemarketers bombarding you with telephone calls to settle your back tax debt? BEWARE!! IRS Lien letter recipients! Many of these  solicitors you are not actually licensed to represent you before the IRS, they are not tax attorneys, nor CPAs,…

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