Scams & Alerts

Enrolled agents, or EAs, are authorized tax practitioners who represent taxpayers before the IRS. They have technical expertise in federal taxes and have the privilege to represent American taxpayers for appeals, collections and audits before all administrative levels of the IRS. ConsumerTaxReviews.org adds that enrolled agents are licensed by the U.S. Department of Treasury to…

An amended return is a corrected return that is filed by a taxpayer after an incorrect return had been filed earlier. It may have corrections concerning the filing status of the taxpayer, income figures, deductions, or tax credits. ConsumerTaxReviews.org adds that any miscalculation on the part of a taxpayer does not require filing an amended…

Taxpayers who have unpaid taxes are charged penalties and interest monthly until the entire tax debt amount is paid. Even if taxpayers are unable to reduce their tax debt amount, they can certainly get their penalties reduced or terminated through a Penalty Abatement. ConsumerTaxReviews.org stresses that penalties can only be removed or reduced under certain…

The IRS charges monthly penalties and interest on unpaid tax debts held by taxpayers. This is done to increase compliance of US tax laws. Penalties for late-filing may be abated if taxpayers have a reasonable cause for their failure to pay taxes on time. ConsumerTaxReviews.org discusses the various types of IRS penalties, and how taxpayers…

An Offer in Compromise is a tax debt payment settlement between a taxpayer and the IRS that reduces the tax debt amount of the taxpayer so that the tax debt can be paid. ConsumerTaxReviews.org informs taxpayers that an Offer in Compromise is unlike other IRS debt payment programs where taxpayers are required to pay the…

A wage garnishment is an IRS collection action where the IRS begins to deduct money from a taxpayer’s compensation, including salary, hourly wages, accounts receivable, or any other income sources, to satisfy an unpaid tax debt. Although a wage garnishment can be stopped, ConsumerTaxReviews.org suggests taxpayers to pay off their tax debt early to avoid…

A tax lien is one of the most aggressive collection actions of the IRS. It allows the IRS to have a legal claim against a taxpayer’s property when they ignore or fail to pay their tax debt. The government can seize and sell property, including real estate, personal property, and financial assets, under a lien…

A bank levy is an IRS collection action in which the IRS seizes the bank accounts of taxpayers to fulfill an unpaid tax debt. It is only in cases of unpaid tax debt that taxpayers have been ignoring, avoiding, or unable to reach an agreement, that the IRS places a levy. ConsumerTaxReviews.org advises taxpayers to…

When a taxpayer finds out they owe the IRS back taxes, they often experience a range of emotions, from shame and stress to anger and fear. These mixed emotions can lead some to make abrupt decisions in order to quickly resolve their tax problem. While being proactive with your tax issue is certainly recommended, quickly…

Tax relief companies that run tax scams accumulate millions of dollars in a few years of service by stealing innocent taxpayers’ money. Fraudulent tax relief companies use various methods to run their tax scams. They attract taxpayers through misleading advertising and use deceptive business practices to steal money from taxpayers. Taxpayers, if armed with information,…