IRS Tax Liens - How to Remove a Tax Lien IRS Tax Liens – How to Remove a Tax Lien In the last blog post, we discussed what property an IRS tax lien can reach and how it can impact you. Now we discuss how to remove a tax lien once it has...
Taxpayers
Insights and Advice from Your Trusted Tax Resolution CompanyIRS Tax Liens – What Property is Impacted?
IRS Tax Liens - What Property is Impacted? What Kinds of Property are Affected? The IRS tax lien attaches to all your assets as of the date of the lien as well as any future assets you acquire. Examples of potential future assets are:...
IRS Installment Agreements – Types of Installment Agreements
IRS Installment Agreements – Types of Installment Agreements In our last blog post, we talked about IRS installment agreements. Just to recap, an IRS installment agreement is a monthly payment plan to pay taxes, interest, and penalties...
IRS Installment Agreements – Is it Right for You?
IRS Installment Agreements – Is it Right for You? Often taxpayers in trouble are unable to pay what they owe immediately. So, what do you do? Luckily, there are ways to break down payments into something more manageable. The IRS offers...
When to Use a “Doubt as to Liability” Offer in Compromise
But I Don’t Owe This! When to Use a “Doubt as to Liability” Offer in Compromise It may sound to good to be true, but if you feel you do not owe some part of your tax debt, you can raise your concerns to the IRS. This is called a doubt as...
Everything You Need to Know About Tax Penalties
Everything You Need to Know About Tax Penalties If you’ve ever paid your taxes late or just completely forgotten to file, you may know all too well about the dreaded tax penalties. These penalties are more than a little slap on the wrist,...
Married Filing Separately- Here’s What You Need to Know
Married Filing Separately- Here’s What You Need to Know Marriage can bring about the merging of responsibilities for a couple including combining accounts and assets. However, couples may find that some “separation” might be the best bet...
Innocent Spouse Relief- A Deeper Look
Innocent Spouse Relief- The Program This month, we will close our discussion on innocent spouse relief. In my first post on the subject, I gave a broad outline and talked about how to sever the joint tax liability between you and your...
Podcast: What to Do if You Can’t Pay Your Taxes by July 15th
Podcast Episode 11: Can't Pay Your Taxes? What to Do. In this episode, Jerrod Oltmann and I discuss what your options are if you can't pay your taxes on July 15th....
Podcast: Tax Preparers Gone Wild or How the IRS is Failing to Rein in Bad Apple Preparers
Podcast Episode 10: Tax Preparers Gone Wild In this episode, Jerrod Oltmann and I discuss tax preparers gone wild or tax preparers who either fail to file a return themselves or help their clients to avoid paying their taxes....
IRS Offer in Compromise – How Much Do I Offer?
How Much Do I Offer to Qualify for an IRS Offer-in-Compromise? This post is a continuation of a series on the IRS offer-in-compromise program. Click here and here to read about the OIC process and programs. In this post, I am going to get...
Which IRS Offer Program Do I Qualify For?
The Three Types of IRS Offer-in-Compromise Programs I have previously introduced what an IRS offer-in-compromise is (for more detail on the basics click here). Briefly, an IRS offer-in-compromise is a legally binding contract between the...