Economic hardship and the IRS

It makes sense on the surface:  You are unemployed, owe the IRS money, and are considering an offer in compromise to settle your tax debt. Before you jump in, it is important to know that being unemployed is not always enough for success in an OIC. You are correct that the starting point is that […]

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If you money to the IRS, you have taxpayer rights. Your rights are in the the Internal Revenue Code, which has laws that limit the power of the IRS collection division to collect, levy and destroy. An IRS collection agent cannot always do what he wants, when he wants. These laws protect you from the collection […]

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When the IRS levies your wages or accounts, it is usually to get your attention. There is something the IRS wants that you have not provided – it could be a financial statement, estimated tax payments, or getting in compliance on unfiled tax returns. And to get the levy released, the IRS is usually going […]

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Currently not collectible status protects you from the IRS, stopping levies, threatening letters and collection enforcement.  It forces the IRS to simply leave you alone without requiring any payment on your end. The IRS will consider your account to be currently not collectible if we provide them a collection information statement verifying that there would […]

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Owing money to the IRS comes with fear – fear of losing your house, your property, your bank accounts, even going to jail.  And the fear of your employer finding out you have a tax problem. Your employer would discover your IRS problem if the IRS sent a wage levy to your job in an […]

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It can be overwhelming when the IRS demands payment, considering the power the IRS has to levy your wages, bank accounts, house, and business.  When you have an IRS problem, it is natural – and easy – to feel not only overwhelmed, but desperate. I like to help my clients better understand their situation and […]

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