Tax
Who Can Help Me If the IRS Says I Owe Them Money?
Receiving a notice from the IRS stating you owe money can be overwhelming and stressful. However, you’re not alone in this situation, and several professionals and resources are available to help you navigate through this challenge. Tax Resolution CompaniesProfessional tax resolution companies combine various expertise under one roof, offering comprehensive solutions for tax debt problems. They […]
What To Do If You Find Out You Owe Money to the IRS
Discovering that you owe money to the Internal Revenue Service can be stressful and overwhelming. However, it’s important to stay calm and take action promptly. This guide will walk you through the essential steps to address your tax debt and protect your financial wellbeing. Don’t Panic – There is no guarantee that you have to pay […]
Understanding Your Options When Dealing with IRS Tax Debt
When you receive a tax bill from the Internal Revenue Service, your first instinct might be to pay the full amount immediately. However, tax professionals recommend taking a measured approach and understanding all your options before making any payments. Here’s why consulting with a qualified tax resolution specialist like us could potentially save you money […]
What Happens to Tax Debt if You Die?
Tax debt, like other financial obligations, doesn’t simply vanish upon death. When a person passes away, their estate—the total of their assets and liabilities—takes on the responsibility for settling any outstanding debts, including taxes. Understanding the process for handling tax debt after death can help in planning and ensuring a smooth transition for your heirs. […]
What Questions Should I Ask When Hiring A Tax Resolution Specialist?
When hiring a tax resolution specialist, you should ask a multitude of questions to gauge their expertise, experience, and approach to resolving tax issues. Here are some essential questions and the reasons behind asking them: By asking these questions, you can thoroughly evaluate a tax resolution specialist’s qualifications, experience, approach, and ability to resolve your […]
Does The IRS Really Make Mistakes?
Dealing with tax debt can be a daunting and complex process, and the Internal Revenue Service (IRS) is not immune to making mistakes. While the agency strives for accuracy, errors can occur, leading to incorrect assessments, misapplied payments, or other issues that can significantly impact taxpayers. Understanding the types of mistakes the IRS might make […]
Does Bankruptcy Alleviate Federal Tax Debt?
Bankruptcy can alleviate certain types of federal tax debt. However, it depends on the specific circumstances and the type of taxes owed. Here’s a breakdown: Chapter 7 Bankruptcy: In a Chapter 7 bankruptcy, some federal tax debts may be dischargeable if they meet certain criteria. Generally, income taxes can be discharged if all of the […]
What Is A Federal Tax Lien And How Do I Clear It?
In the realm of tax obligations, a federal tax lien is a serious matter that can have serious implications for both businesses and individuals alike. Understanding what a federal tax lien entails and the steps to clear it is crucial for navigating through financial challenges and maintaining financial stability. What is a Federal Tax Lien? […]
How Does Tax Resolution Differ for Veterans?
Tax resolution is the process of resolving tax issues with the IRS or state tax authorities, can vary significantly for veterans due to their unique financial situations and available resources. While veterans have access to certain tax benefits and assistance programs, navigating tax resolution can still present challenges. Let’s explore how tax resolution differs for […]