General Articles And Questions

  • Currently Not Collectible Status   If your monthly income is equal to or less than your ALLOWABLE monthly expenses (allowable as defined by the IRS), then the IRS can determine that you have no ability to pay your tax debt.  Accordingly, the IRS can establish your account as Currently Not Collectible, or Status 53 in IRS jargon. If you are classified ...
  • What Are The Solutions Available If You Have An IRS Wage Levy / Wage Garnishment? If you receive a Wage Levy from the IRS, the IRS is going to send a notice to your employer and your employer is obligated to withhold a portion of your paycheck and send it into the IRS in satisfaction of the debts that the IRS feel that you owe them. The thing that you want ...
  • What Steps Should You Take If You Have an IRS Tax Problem? The reason why you would have an IRS problem is if you have a balance due; the IRS thinks that you owe them money. The first thing to determinet is if the amount that the IRS says that you owe them is correct, and if so, simply pay them off. If you pay them off, you are ...
  • Will Paying Your Tax Debt In Full Solve Your IRS Tax Problem? Paying your IRS Tax Debt in full, will fully solve your IRS Tax Problem. If the IRS says that you owe them “X” number of dollars and you pay them off, the IRS will consider your account to be paid in full, and no additional collection activity will occur. However, before you pay the IRS you need ...
  • What Is The Difference Between A Revenue Agent and A Revenue Officer ? In the world of the IRS there are two main types of employees you mainly deal with. The first of those is a Revenue Agent . What a Revenue Agent is tasked with doing is to audit tax returns. They are trying to determine if the tax return that you prepared is a complete and accurate ...
  • The Biggest Mistake Taxpayers Make – Ignoring the IRS You need to understand how the IRS is set up. Once the IRS make an assessment and determines that you owe them money or that you haven’t filed a tax return, you are in their system. It’s nothing personal, but they will send you a series of letters, each one more threatening than the last. Eventually the ...
  • How To Let The IRS Know Of Your New Address When You Move? If you haven’t moved the IRS is going to have your address because your address of record is going to be the same as the last tax return you filed with the IRS. But if you have moved since the last time you filed a tax return, it is wise to let the IRS know so ...
  • Why Is It So Important to File a Change of Address With the IRS When You Move?   The reason for filing a change of address is to simply let the IRS know where you are. The way that you do that is to file an Form 8822, the change of address form. A problem seen quite often is that taxpayers have moved to a different home within the same city or they could ...
  • What are the causes of an IRS tax problem? Generally there are there a couple of ways in which an IRS tax problem occurs, but generally the single most common way you can a have tax problem is that there is a balance due with the IRS.  If you don’t owe the IRS any money then they’re not going to bother you. The IRS doesn’t ...
  • Can A Revenue Officer Seize My Bank Account?