by jason | Sep 19, 2017 | Business, Companies, Industry, IRS, Tax Tips
Tax firms abound. Perform a Google search for ‘tax specialists’ near you and view the results. Likely you will see taglines on many of those search results that proclaim “We can settle your IRS tax debt for pennies on the dollar” or some such impossible notion. Any...
by jason | Sep 15, 2017 | Business, Companies, IRS, Tax Tips
If you have entered into an installment agreement with the IRS to pay overdue taxes, your obligations are simple. Make your installment payments on time, file current tax returns on time, and pay your current taxes on time. Did you notice a key phrase? ‘On time.’ When...
by jason | Sep 14, 2017 | Business, Companies, IRS, Tax Tips
If you have established an installment agreement with the IRS to eliminate outstanding tax debt, you may receive an occasional CP-521 Notice. This notice is a reminder that a payment is due, and will state the due date and remaining balance on your account. In...
by jason | Sep 13, 2017 | Business, Companies, IRS, Tax Tips
Any letter arriving by certified mail warrants close attention, but when you open IRS Letter 1058 – Final Notice of Intent to Levy, do not merely set it aside. This is the final communication from the Internal Revenue Service of their intent to initiate...
by jason | Sep 12, 2017 | Business, Companies, IRS, Tax Tips
For any number of reasons, many people find themselves falling behind and owing the IRS for previous year’s taxes. Fortunately, the IRS will send a veritable barrage of official written notices to remind you about your outstanding balance. CP-501, CP-503, and CP-504...
by jason | Sep 11, 2017 | Business, Companies, IRS, Tax Tips
IRS Form 668(y) is an official IRS notice that a lien has been placed against your property for failing to resolve your outstanding tax debt. This lien protects the government’s interest in all your property, including bank accounts, personal property, real estate, or...
