Many employers across the country are responsible for withholding certain taxes from employee compensation and sending those funds to the IRS. The IRS has the authority to issue liens, impose penalties, and even levy property, if you have not turned over the funds entrusted to you. If you have received a notice from the IRS…
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A vital piece in how Harmon Tax Resolution provides clients with ideal solutions starts with a complete research of existing IRS account records and getting a good handle on your financial picture. This is done at the beginning of the engagement, usually within 7-10 days of the IRS granting access. All clients receive an initial…
Continue reading ›A Substitute for Return (SFR) is a tax return that the IRS will prepare on behalf of the non-filing taxpayer, usually about two years after the original tax return would have been due. This tax return is generally prepared in an automated fashion. When taxpayers fail to respond by filing a return, the IRS can…
Continue reading ›How Important is it to get a Tax Lien Withdrawal immediately? A “withdrawal” removes the public Notice of Federal Tax Lien and assures that the IRS is not competing with other creditors for your property; however, you are still liable for the amount due. Getting this removed frees up opportunities you are currently prevented from…
Continue reading ›This is a forum where the taxpayer may protest one of the following IRS notices: A taxpayer has 30 days from the date of notice to request a Collection Due Process Hearing. In addition, there still is an opportunity to attempt to work out a solution with the Collection Office that sent the notice. If…
Continue reading ›A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy takes the property to satisfy the tax debt. The Internal Revenue Code authorizes levies to collect delinquent tax.…
Continue reading ›What Is Relief from Joint Liability? Do I Qualify for Relief from Joint Liability? In the case of a joint return, both taxpayers are liable for the tax and any interest or penalties, even if they later separate or divorce. “Joint and several liability” means that each taxpayer is legally responsible for the entire liability.…
Continue reading ›Resolving tax issues with a tax professional problem solver is similar to getting directions from someone to help get you to a particular destination. In either case, the helper must know your exact location to determine the correct path. However, to achieve a successful tax resolution, the tax professional will need to know how your…
Continue reading ›What are IRS Tax Relief Services, and when would I choose a Professional Tax Relief Firm? Situations when it is ideal to request help from a Professional Tax Relief Firm: If the IRS is left to its own devices, the IRS will assess any back taxes you may owe them at the highest legal rate…
Continue reading ›You may have heard on the radio, TV, and online that you can settle your tax bill for less than what you owe. But are these claims valid? And can you settle your tax debt without hurting yourself in the long run? Some of these national tax resolution firms you hear advertising offer minimal service;…
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