No one tells you what to do first when the IRS enforces a collection effort through wage garnishment. Knowing what steps to take to stop the garnishments is crucial to preserving your income. The IRS exists for one reason
If you owe back taxes, paying them off as soon as possible is the only surefire way to avoid collection actions from the IRS. But depending on how much you owe, simply writing a check might not seem like a
For the majority of taxpaying Americans, taxes are primarily prepaid, meaning most taxes should be paid well before the due date on your annual tax return. In general, taxpayers are either employed or self-employed. The former pay taxes throughout the
A tax debt with the IRS can haunt you for years. Failing to settle it can lead to hefty penalties and a stark interest rate on your debt. And as a government agency, the IRS has many resources at its
Businesses are responsible for paying their employees. It goes without saying that a person should be paid for the work they do, and any sort of wage theft or stolen labor is wrong. But businesses are also responsible for withholding
Taxes are complicated. There are hundreds of code notices and dozens of forms, and the more self-sufficient you are, the more complicated it gets. Do you own property? You may have property taxes. Do you invest? Then you will have
Tax scams are more common than some people might expect. The IRS can be an intimidating agency, and most taxpayers do their best to avoid upsetting it. Some scammers use that to their advantage, threatening taxpayers into paying for fines
When facing tax debt, one of the potential collection actions the IRS may take against you is the issuance of a federal tax lien release. A tax lien is a legal claim on all your property and assets located in
When resolving your tax issues with the IRS, it is important to make sure that you have got all your ducks in a row. Tax return preparation is especially important, as the IRS does not accept attempts at tax debt
Given enough time, a federal tax debt can reach astronomical levels. And for taxpayers who are already swimming in the deep end, dealing with a hefty debt to the government might not be in the cards anymore. While debt forgiveness
