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Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law
There may be debate as to the benefits of the policy proposals from President Trump, but there’s no dispute that he’s bringing change to Washington. He recently signed an executive order abolishing the U.S. Department of Education, and there’s no
One of President Trump’s campaign promises was that he would lower taxes. So it’s perfectly plausible to hear about changes to the IRS that would make it easier to pay taxes, such as a special “Trump Tax Forgiveness” or “Fresh
Being audited is stressful—and receiving IRS Form 4564 can make the situation feel even worse. Form 4564, Information Document Request, includes an extensive list of documentation that the IRS needs from the taxpayer. A prompt and accurate response is necessary
As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may
Car dealerships face unique tax challenges that other types of businesses do not. One issue that dealerships often face is the number of large cash transactions they handle. These transactions trigger certain IRS requirements, including the requirement to file Form
Who Qualifies for Free Help and What to Do If You Don’t Qualify There are several different programs that offer taxpayers access to free help from tax attorneys or other tax professionals. These programs can be a lifesaver for many
If you’re like a lot of tax-paying Americans, you may be relying on a tax refund to fill some monetary gaps. However, if you’re in debt to the IRS from previous years, you may find yourself without the windfall you
If you haven’t filed taxes in 10 years, you are at risk of the IRS coming after you, assessing tax against you, and potentially even pursuing legal charges if you have not filed in an attempt to evade taxes. Here’s
The IRS CP71 Notice is an annual reminder of your unresolved tax balance. In some cases, this notice means you
The idea of an offer in compromise is very appealing. You may have seen it on a billboard or TV
The bulk of the IRS’ collection efforts for delinquent taxes are mostly handled by the Automated Collection System or ACS.
Dealing with delinquent taxes can be stressful, confusing, and scary. Because of this, you might be desperate for help to
What Does That Mean? What Should I Do Now? If the IRS sends you a notice saying that your account
Calls from unknown numbers can be alarming, especially when a quick Google search of the number shows that you’ve been
How to Protect Your Business From Being Labeled a Hobby If your business loses money for too many years in
When you fall behind on tax payments, you aren’t just responsible for the initial tax amount; you also have to
How to Do It and When You Shouldn’t Millions of people around the nation will have to deal with the
Dealing with tax debt is stressful, leaving many taxpayers vulnerable to quick-fix solutions that sound too good to be true.
Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law
There may be debate as to the benefits of the policy proposals from President Trump, but there’s no dispute that he’s bringing change to Washington. He recently signed an executive order abolishing the U.S. Department of Education, and there’s no
One of President Trump’s campaign promises was that he would lower taxes. So it’s perfectly plausible to hear about changes to the IRS that would make it easier to pay taxes, such as a special “Trump Tax Forgiveness” or “Fresh
Being audited is stressful—and receiving IRS Form 4564 can make the situation feel even worse. Form 4564, Information Document Request, includes an extensive list of documentation that the IRS needs from the taxpayer. A prompt and accurate response is necessary
As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may
Car dealerships face unique tax challenges that other types of businesses do not. One issue that dealerships often face is the number of large cash transactions they handle. These transactions trigger certain IRS requirements, including the requirement to file Form
Who Qualifies for Free Help and What to Do If You Don’t Qualify There are several different programs that offer taxpayers access to free help from tax attorneys or other tax professionals. These programs can be a lifesaver for many
If you’re like a lot of tax-paying Americans, you may be relying on a tax refund to fill some monetary gaps. However, if you’re in debt to the IRS from previous years, you may find yourself without the windfall you
If you haven’t filed taxes in 10 years, you are at risk of the IRS coming after you, assessing tax against you, and potentially even pursuing legal charges if you have not filed in an attempt to evade taxes. Here’s
