The IRS cannot engage in collections activities against you without an assessed tax in place first. Before an IRS tax assessment occurs, you, the taxpayer, have a right to be informed of any pending assessment. To facilitate your awareness of a pending IRS tax assessment, the IRS has a statutory system that issues you a…
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One of the harshest activities the IRS can do is to enforce a levy against you. If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or…
Continue reading ›It is essential to understand that the IRS audit and collection processes are about the IRS getting as much money as possible. In contrast, the IRS Tax Appeal process is about finding a settlement. If you disagree with the outcome of an IRS audit or other collection process, you can appeal an IRS decision, typically…
Continue reading ›Certain taxpayers are surprised that they owe additional income taxes yearly even though their employer withholds taxes from their weekly paycheck. Having an outstanding tax debt is not as uncommon as you think, and there are many reasons it could happen. About 24% of all Americans owe back taxes. If you’re among them, you know…
Continue reading ›Just seeing a notice from the IRS in your mailbox can often evoke a wide range of internal responses from somewhere between concern and outright panic. Even though it feels natural for these types of reactions to occur, they are not always warranted. Each year the IRS sends millions of notices to taxpayers across the…
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