Category: General
Unreported Offshore Accounts – Is It Actually Illegal? Interesting Facts Here
Dec 20, 2022
In recent years, widespread disinformation has circulated that U.S. citizens cannot open and maintain offshore bank accounts. That is not true. In reality, US citizens are still permitted to establish bank accounts outside…
Currently Not Collectible Status: How to Resolve Back Taxes the Right Way When You Don’t Have the Money to Pay
Dec 16, 2022
If you owe back taxes and are unable to make any payments, you may need a special tax status called “currently not collectible.” This means that your debt is still valid, even though…
IRS Levy Notice — Here Is How to Handle in Four Ways
Nov 21, 2022
The IRS is not someone you want to mess with when it comes to debt repayment. They are the most unforgiving creditor in terms of debt collection. If you owe money to the…
IRS Collection Letter — Practical Ways to Handle the Frightening Notice
Oct 20, 2022
How would you feel when you open your mailbox and find a collection letter from the IRS instead of the typical mix of bills and catalogs? For most people, receiving such a letter…
Gig Economy Workers: How to Make Tax Filing a Success
Oct 14, 2022
If you work in the “gig economy,” you are not alone. Millions of people have made the same choice, voting with their feet and their time and leaving the world of traditional employment…
7 Practical Reasons to Work with a Tax Resolution Specialist
Sep 20, 2022
It’s hard to think about anything else when you owe money to the IRS. No matter who you owe money to, being in debt is never fun. The IRS can do anything to…
What is Tax Deficiency? 4 Important Things You Need to Know Now
Sep 16, 2022
Receiving a Notice of Tax Deficiency can happen to anyone. Check out this article to know what a tax deficiency is and why you should pay attention to it.
Do You Owe State Taxes? Here’s How You Can Check Your Status
Sep 14, 2022
In the U.S., taxes can be at federal or state levels, or both, which may confuse U.S. taxpayers. Learn the methods of checking if you owe taxes to your state.
Can The IRS Levy My Bank Account Without A Warning? Reliable Info You Need To Know
Sep 14, 2022
If you have unpaid taxes, the IRS may take enforced collection actions to pay off your tax debt. Collection actions are the various means by which the IRS compels taxpayers to fulfil their…
What Happens When You File Your Taxes Wrong? 4 Important Reasons To Never File Late
Sep 12, 2022
Filing tax returns is not something you cram, or you could make inaccurate financial declarations. So, what happens when you file taxes wrong? Here are the possibilities.