Uncle Sam has a series of collection methods in its arsenal, and two of the most common and aggressive tools are tax lien and levy. Sadly, Uncle Sam is far from being gentle with any...
Posted by Carmen Garcia on 06/06/2021
A small business needs to get its tax right to avoid unnecessary headache with the IRS. The idea is simple – a plain and accurate disclosure of losses, revenues and deductions...
Posted by Jim McClaflin, EA, NTPI Fellow on 05/07/2021
There are times one might have a huge tax debt. In such cases, a monthly payment plan is the best way to pay the debt. There are various arrangements offered by Uncle Sam with which...
Posted by Unifirst Financial & Tax Consultants on 05/06/2021
Billions of dollars in property taxes go unpaid every year, a major problem for local municipalities that depend on this money to fund public services. Instead of waiting months or...
Posted by CORE PERFORMANCE on 04/29/2021
As of April 2020, tax liens are no longer included in a credit report. This decision is due to the fact that they usually contain judgments that were wrongly reported. However,...
Posted by Tiffany Gaskin on 04/29/2021
Yes, if you are a U.S. citizen living abroad or a resident alien, you must file income, estate, and gift tax returns. You are expected to pay taxes regardless of where you may be (the...
Posted by Tiffany Gaskin on 02/28/2021
Failure to pay federal income tax can have serious repercussions. Not only will the IRS likely charge you fines and interest on the unpaid balance, but the IRS may also enforce collection...
Posted by KLSM CPA Firm PLLC on 01/21/2021
Before you reach out to the tax preparer for tax help, it is important that you learn about the tax liens and levies by yourself. Until the time they may be paying returned the debt,...
Resident or non-resident alien The IRS utilizes two tests—the 'green card test' and the 'substantial presence test'—for determining your alien...
Posted by YourIRSTaxAdvocate.com on 04/11/2019
