Tag: offer in compromise

Questions tо Aѕk Bеfоrе Hiring a Tax Attorney, CPA Or Tax Resolution Specialist

If уоu'vе gоt tax problems, likе delinquent tax returns, back taxes, payroll taxes оr оthеr tax collection оr audit issues, уоur firѕt instinct mау bе tо open uр thе yellow page оr Google оr аѕk аrоund fоr recommendations. Great, nоw уоu'vе gоt ѕоmе names, but hоw саn уоu find thе right expert tо givе уоu thе IRS hеlр уоu need?   Tо avoid paying a high hourly rate unnecessarily, gо thrоugh thiѕ tax attorney/CPA/tax resolution specialist interview checklist first. Thiѕ checklist will…

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The 5 Ways to Settle Your Tax Debt Problem

IRS Tax Debt Help Know that if you are dealing with an IRS tax debt can be a very stressful problem. I have had many clients over the years where it has just been too much to actually deal with it. Here is one case study. "Jim from Las Vegas:   I owe the IRS about $35,000 for the last five years of my tax returns. The returns are already filed, but I am considering amending the return to take advantage of more tax…

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Completing Form 656 – Offer in Compromise

Dealing with a tax debt problem can be a nightmare. Yes it can be a lot of work but if you are diligent and put in the work there is a light at the end of the tunnel. If you are going through the ordeal of trying to deal with your tax debt problem by your self, this is a video of how to complete an Offer in Compromise application Form. These forms will lead you through a series of…

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Stop IRS Levy Tips: 3 Quick Ways

  stop irs levy   Meant to get your attention, an IRS levy is an aggressive action by the IRS. It is a legal seizure of your property to satisfy a tax debt. The IRS can levy your bank account, your wages and virtually any third party account or personal assets. Wage levies and bank levies are the most common type of levy that the IRS will issue. Typically three requirements must be met before the IRS can levy: 1. The IRS sends…

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IRS Tax Debt Help – The Difference Between An IRS Levy And An IRS Lien

Two standard methods come to mind when thinking about how the IRS tries to recover delinquent taxes. An IRS tax lien and an IRS levy. Many have confused these as being the same, but, in reality, they aren't.   An IRS levy is a seizure of personal assets and or property to pay a tax balance. However, a tax lien safeguards and secures the IRS interest in a property and any rights to property. A tax lien will not actually seize a…

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IRS Tax Debt Help – Handling The IRS If You Are Obligated To Pay Prior Year Income Taxes

When you owe back taxes, there's a few routes that you could consider. Initially, it is possible to arrange a payment plan with the Internal Revenue Service. This is particularly effective when you are unable to make a one time payment. This will, with time, help you get on the right track. Before establishing an installment agreement with the federal government, make sure that you have submitted a return for each year in which you were required to do so. There…

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IRS Tax Debt Help – Does The IRS Have You Running Scared?

IRS Tax Debt Help!  Are you lying awake at night worrying that the IRS may, at any moment, come swooping in to file wage garnishments  or bank levy's against you, taking everything and making your life miserable?  Do you have years of unfilled tax returns that you simply do not know how to get done? If you need Tax Debt Help then we can help. The problem is, ignoring your IRS tax debt problem is only going to make it  WORSE. …

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