Is the IRS sending you balance due notices, threatening to levy money in your bank accounts? Or even to garnish your wages? Would you like to know what your options are? If you are having a hard time paying your basic living expenses, you may be eligible to be placed in currently not collectible status so that the IRS will not collect from you unless your circumstances change. Or you may be eligible for Read More

  If you have not filed tax returns for a number of years, you may be facing serious consequences. The IRS can impose failure-to-file and failure-to-pay penalties and even penalties for failure to make estimated tax deposits if you do not timely file and pay your taxes.  You will also face interest for any liabilities that are overdue.  The penalties and interest alone can double your tax bill in seven Read More

A tax lien does not need to prevent you from selling your real property if you know how to deal with it. A tax lien is automatically created if a tax liability is not paid after the IRS sends a notice that the amount due and a demand that it be paid. The IRS may then file a notice of federal tax lien with the County Clerk where real property is located. A lien can be dealt with to allow you to refinance or Read More

If you owe taxes to the IRS, the IRS may be able to seize your assets by force to pay the tax liability. The Internal Revenue Service can seize bank accounts, automobiles, and even real property. When the IRS wants to seize property it must first send a final notice of intent to levy and notice of your right to a hearing at least 30 days before the proposed levy. This notice gives you the right to request a Read More

I have been asked about the difference between a tax lien and a levy.  A tax lien attaches to property to secure the payment of a tax liability or other debt.  A levy, on the other hand, is the actual taking of property for taxes not paid.  The IRS can levy on wages, bank accounts, or even real property to collect the past due tax liability. For the IRS to levy on property, three requirements must be met.  The IRS Read More

If you have received the notice that your tax returns are being audited by the IRS, you're probably wondering what you should do. How are you supposed to respond? What can you expect? There are three types of IRS audits. The most common type is a correspondence audit, it is conducted entirely by mail. The IRS may have questions about your tax return or need additional documentation of your expenses. The second Read More

  One of the biggest myths about the IRS is that they aren’t willing to work with taxpayers when it comes to fulfilling their tax liabilities. In fact, there are several programs and options in place which can help you settle your tax bill. One of the most effective is the Offer-in-Compromise program. This program allows taxpayers, under certain circumstances, to settle their debt with the IRS for less than Read More

One of the most common problems we encounter is the high cost of penalties and interest that the IRS often adds on to the original tax liabilities. The IRS can impose penalties for filing your tax return or paying your taxes after the due date or even for failing to deposit estimated tax payments. Luckily, these penalties can often be avoided. The IRS has a first time penalty abatement program under which Read More

If an IRS auditor asks to meet you face to face, you may have to take time off of work, you might worry about not knowing what will happen, and you could even say something during the interview that could inadvertently hurt you. Once you have retained a professional all IRS phone calls, correspondence, and even interviews will be handled by your representative. You will not have to face the IRS alone. If you Read More