When dealing with tax debts, two terms often come up in discussions with the IRS or state tax authorities: liens and levies. While both are tools used by the government to ensure the collection of unpaid taxes, they serve very different purposes and have distinct implications for taxpayers. Understanding these differences is crucial…
Receiving notice of an IRS audit can be one of the most stressful and intimidating experiences a taxpayer faces, triggering immediate concerns about potential penalties, additional taxes, and the complex process ahead. Whether you’re dealing with a correspondence audit, office examination, or field audit, the stakes are high and the…
When overwhelming tax debt threatens your financial stability and future, an Offer in Compromise (OIC) may provide the lifeline you need to resolve your tax obligations and regain control of your finances. This powerful IRS program allows qualifying taxpayers to settle their tax debts for less than the full amount…
The Internal Revenue Service has launched one of its most significant compliance initiatives in recent years, targeting current and retired federal employees who may be falling behind on their tax obligations. IRS Notice LT36, marked with the stark warning of an “Urgent outstanding tax issue,” has been dispatched to approximately…
Tax season is a time of opportunity—and vulnerability. Scammers exploit the complexity of tax laws to target unsuspecting individuals and businesses, promising quick refunds or miraculous IRS resolutions that often lead to financial loss or serious legal trouble. With over 20 years as a licensed Enrolled Agent (EA), I’ve seen…
The gig economy has revolutionized the way people work, offering flexibility and opportunities for individuals to earn income on their own terms. Whether you’re driving for a rideshare service, delivering food, freelancing as a graphic designer, or renting out property on a short-term basis, the gig economy provides a wealth…
Your Complete Guide to Tax Help in San Diego, California: Frequently Asked Questions Expert Tax Resolution Services by Mike Habib, EA – Serving the Greater San Diego Metropolitan Area About Our San Diego Area Tax Services Q: Which areas does Mike Habib, EA serve in the San Diego metropolitan region?…
In the bustling heart of Los Angeles County, Glendale, California, stands as a vibrant hub of culture, commerce, and community. Nestled in the San Fernando Valley, this dynamic city is home to over 200,000 residents, a thriving business scene, and iconic attractions like The Americana at Brand and Forest Lawn…
Tax debt can feel like an insurmountable burden, especially when the amount owed to the Internal Revenue Service (IRS) exceeds what you can realistically pay in one lump sum. For many taxpayers, the stress of mounting penalties, interest, and potential collection actions—like wage garnishment or bank levies—can make it seem…
Your Complete Guide to Tax Help in Cleveland, Ohio: Frequently Asked Questions Expert Tax Resolution Services by Mike Habib, EA – Serving the Greater Cleveland Metropolitan Area About Our Cleveland Area Tax Services Q: Which areas does Mike Habib, EA serve in the Cleveland metropolitan region? A: Mike Habib, EA…