IRS

There are many IRS tax debt payment plans to resolve tax debt, but before you apply for a plan, you need to understand its restrictions. The IRS prefers to get the entire tax debt in a single payment. Although that might be plausible in cases where the tax debt amount is not substantial, but for…

There are various ways to pay IRS tax debt, but taxpayers must know that the IRS has restrictions on every tax debt payment program. The choosing of a tax debt payment program depends on the financial condition of the taxpayers, their assets and liabilities, the amount of tax debt and other factors. Although the most…

If you have a debt forgiven or cancelled, you will need to pay taxes to the IRS on it. Many taxpayers who do not know that the IRS charges taxes on forgiven or cancelled debt end up in tax debt. The IRS sees unreported taxes in cases of cancellation of debt as unpaid taxes. Taxpayers…

Forgiveness or cancellation of debt is a moment of joy. You are happy that you do not need to pay all that money that was owed. But the IRS is there to share your joy because it receives taxes on forgiven or cancelled debt. It hurts, but there is little you can do about it…

Non-payment of tax debt leads to IRS tax levy. IRS levy is the aggressive collection action of the IRS under which the IRS seizes and/or sells the property of taxpayers to fulfil tax debt. Taxpayers who are under tax debt receive multiple notices from the IRS before a tax levy is placed. When taxpayers do…

The IRS has the legal right to collect taxes due from taxpayers through seizure of their property. In cases where taxpayers have not responded to IRS notices regarding the payment of their tax debt, they might receive the last notice from the IRS regarding levy called Final Notice of Intent to Levy and Notice of…

Why Taxpayers Hire Tax Relief Specialists Taxpayers who are facing tax problems want to resolve it quickly and smoothly. Though simpler problems regarding taxes can be resolved by taxpayers themselves, for complex tax problems it is advisable to take expert help. Tax relief specialists include tax attorneys and enrolled agents who provide expert services in…

Most taxpayers who are under tax debt look for expert help in paying their back taxes because they understand the importance of negotiating the terms and conditions of tax debt payment programs with the IRS. Tax relief specialists provide that service to taxpayers. Even though taxpayers can gain knowledge of the various tax debt payment…

IRS debt is a burden for any taxpayer. The first problem that encounters any taxpayer who is under IRS tax debt is to understand how to pay it back. Although the IRS includes the details of how to pay back the tax debt in the IRS notices it sends to taxpayers who owe them taxes,…

Many times taxpayers think they can ignore or refuse to pay IRS tax debt without a reaction from the IRS. The truth is that the IRS takes aggressive collection actions such as lien and/or levy in cases of avoidance or non-payment of tax debt. Taxpayers are required to pay their IRS debt when they receive…