Can I Sell or Refinance with an IRS Tax Lien on My Property?
Learn about the options you have for selling or refinancing your home when you have a Tax Lien on your home.
Learn about the options you have for selling or refinancing your home when you have a Tax Lien on your home.
An IRS Offer in Compromise, is a way of establishing a realistic avenue for you to pay any remaining taxes if you are struggling to pay.
Cryptocurrency increases in popularity each day. Stay up to date with how your crypto currency holdings could potentially be used against you if you have an outstanding balance due to the IRS.
Have you received an IRS Notice of Intent to Levy? Though it seems easiest to ignore the notice, it is not recommended. By responding to the notice and seeking help, you will be able to go over the other options you have to resolve your situation.
CP 523 Notice from the IRS is to inform you that the IRs intends to terminate your Installment Agreement and Levy your assets.
CP91/CP298 Notice is the IRS alerting you to an unpaid balance due and to collect payment for that balance, the IRS intends to levy part of your Social Security benefits.
Learn about how the Foreign Account Tax Compliance Act prevents U.S. tax payers from evading taxes.
Cryptocurrency has become increasingly popular. So much so that Congress has included tax provisions in the Infrastructure Investments & Jobs Act. The Act is currently making it's way through the legislative process and if approved could require brokers to report cryptocurrency transactions to the Internal Revenue Services.
Foreign trusts with U.S beneficiaries, or owners, are subject to reporting and tax requirements. The Second Circuit Appeals ruling makes it possible for the IRS to stack owner and beneficiary penalties on top of one another.
A Letter 531 from the IRS will inform you that an auditor has reviewed your taxes and determined that you owe additional federal income tax. The letter will inform you of the relevant tax years, the amount you owe and the auditor's report.
A CP90 is a notice for individuals, while a CP297 notice is for businesses, but the information remains the same. These notices serve as a reminder that you have an outstanding unpaid balance due for unpaid taxes. Failure to respond or pay the balance will result in the IRS seizing your assets.
A CP504 Notice is a reminder that the IRS has not received payment for an outstanding balance. The point of the notice is to allow you to resolve your debt before the IRS begins to take any action.
IRS Notice CP2000 is formally called, "Notice of Proposed Adjustments for Underpayment/Overpayment", and you must read it carefully. Receiving this notice means that there was a discrepancy made while calculating the income reported on your tax return.
Learn about what you should do if you have received an IRS Notice CP23.
A CP11 Notice is to alert you that IRS has made adjustments on your tax return, and you now have a balance due. The IRS sends this Notice when they believe you have miscalculated something on your tax return.
Learn about the different options available to you if you have received a Notice of Federal Tax Lien.
Notice CP504 is the IRS alerting you of an unpaid balance, do not ignore this notice. Ignoring this notice will result in the IRS aggressively seizing your property, assets, bank accounts etc. What you should do is pay the amount right away if you can, set up a payment plan, or contact a tax professional to discuss your options.
The Internal Revenue Service is an executive branch agency that is subject to the same limitations as all government agencies. Meaning there are procedues In CIC Services v. Internal Revenue Service, the Supreme Court decision will allow taxpayers to validly challenge the legality of IRS regulations that have to properly gone through the appropriate administrative process.
Trying to hide money from the IS by lying, never ends well, and cryptocurrency is no exception. As a result of being identified for Bitcoin laundering, Russian-Swedish administrator Roman Sterlingov of Bitcoin Fog, was arrested and charged with laundering hundreds of millions of dollars worth of bitcoin. In the end, a lesson to be learned is that one should not try to hide cryptocurrency from the IRS, as blockchain activity is forever.
Receiving a collections notice from the IRS can add stress to an already stressful situation. As it turns out, if the IRS learns that you cannot make your payments against your debt, they may determine your account to be 'currently not collectible'. While this does not eliminate your debt, it simply means collection efforts will be in vain.
While it may seem that IRS rules and regulations are always black and white, that is not usually the case, much is often left open for interpretation. This post will introduce you to a tool that can be used to protect yourself from accuracy-related tax penalties.
Money issues are the third leading cause of divorce, so hiding a tax problem or money issue could mean serious damage for your marriage. But these issues don't have to mean the end of your marriage, here are some Do's and Don'ts to protect your marriage and keep the trust between you and your spouse.
Learn about the appropriate time to hire a tax attorney to assist you with an IRS collection matter.
Learn about the different ways the IRS learns about misreported, unreported, and under-reported income.
Is your spouse liable for tax debt? Find out whether you might be liable as well, and what your options are to address it.

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