Question: I was self-employed and haven’t been able to pay my taxes for 3 years now. Now I’m a W-2 employee but I’m getting letters from the IRS demanding payment now. What else are they able to do to me? Answer: The IRS doesn’t like being ignored and want you to know they won’t go […]
Answer: Owing payroll taxes is very different from owing personal income taxes. Not only can the IRS shut down your business, they can come after you personally, levy your bank accounts, take your receivables and seize your property. Scarier still is that it could turn into a criminal matter. Why? Because the money has […]
Question: I received a Notice of Federal Tax Lien via certified mail for unpaid taxes and I’m scared and don’t know what to do. How do I get this situation resolved? Answer: A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside. Since a […]
Question: I’ve finally decided to seek help from a Tax Professional who specializes in Tax Problem Resolution. I want to start getting my paperwork together for the appointment; what will I need to bring with me?
Answer: It’s very important to have your documentation with you for the initial interview. Your tax resolution specialist will need this info to determine the best way to move forward to resolve your tax issues. The items to bring include: The most recent IRS/State tax notices and letters; Copies of your last two years of […]
Question: I owe a significant amount in back taxes and interest. What’s the best option for me-an Offer in Compromise or an Installment Agreement?
Answer: I wish it were as simple as saying one option is better than the other. But that’s impossible to say. The truth is, the Offer in Compromise and Installment Agreement are both excellent programs suited for specific and different circumstances. The first thing you should do is determine your current circumstances. The best way […]
Question: Why should I use a Tax Resolution Specialist? Can’t I deal with the IRS myself and save money? Answer: You could opt to represent yourself before the IRS. There is the offer-in-compromise program. Some people do go that route. But representing yourself before the IRS is like going to court without a lawyer. I […]
Receiving that first letter from the IRS is an indication that something may be wrong. Being able to open that letter and understand the multiple pages of IRS speak is even more difficult. Should you respond to them and what are your rights? Download this checklist for an immediate answer and guide to taking action. Dealing […]
In the truest sense, freedom cannot be bestowed; it must be achieved. -Franklin D. Roosevelt