Recent Posts

What can the irs not levy?

What can the irs not levy?

The IRS cannot seize assets that you did not own or in which you had no interest at the time the garnishment was...

Top Of The Month

Recent Post

Is irs debt ever forgiven?

In general, the Internal Revenue Service (IRS) has 10 years to collect outstanding tax debt. After that, the debt is...

What are the 3 steps for tax refund?

Where is my refund? you have the most up-to-date information available about your refund. Use it to get the status of...

What is the irs 6 year rule?

Six years due to major income underestimations. The statute of limitations is six years if your return includes a...

Is amending tax return free?

The previous year's amendments can also be completed free of charge, but they will need to be sent by mail, since the IRS ...

Can i add tax owed to existing installment agreement?

There can be only one installment agreement that includes all the tax years in which you owe an outstanding tax debt. A...

How do i get rid of a tax levy?

You can avoid a garnishment by filing returns on time and paying your taxes in due time. If you need more time to apply,...

How do i negotiate penalties and interest with the irs?

Interest Relief You can authorize someone to contact the IRS on your behalf, see if you qualify for help from a clinic...

Do i qualify for irs debt forgiveness?

You then have to prove to the IRS that you don't have the means to return the money within a reasonable period of time....

Editors Picks

Is there a time limit on owing the irs?

Is there a time limit on owing the irs?

Section 6502 of the Internal Revenue Code states that the duration of the collection period after the evaluation of a tax ...

How do you apply for irs fresh start program?

How do you apply for irs fresh start program?

To file an application, the IRS requires that you complete Form 433-A (OIC) Collection Information Statement for Wage...

How many years can the irs go back to collect taxes?

How many years can the irs go back to collect taxes?

As a general rule, there is a ten-year statute of limitations for IRS collections. This means that the IRS can attempt to ...

How many americans owe the irs back taxes?

How many americans owe the irs back taxes?

Skylar Clarine is a fact-checker and personal finance expert with extensive experience including veterinary technology...

How does irs debt forgiveness work?

How does irs debt forgiveness work?

If your debt is forgiven or canceled for less than the full amount you owe, the debt is considered canceled for the...

Is the irs fresh start initiative legitimate?

Is the irs fresh start initiative legitimate?

Tax experts have a skillful understanding of the requirements of the IRS Fresh Start Program and will not be intimidated...