Setting up an installment agreement with the IRS is one of the quickest, most effective ways to stay in good standing and get your balance paid off over time. However, sometimes, you might miss a payment and fear your agreement will be canceled or the IRS will come after you. If you’ve missed a payment […]
IRS Collections
Do Tax Relief Companies Really Work? How to Avoid Rip-Offs
Avoid Tax Relief Scams—How to Find Real Tax Relief Few financial issues are as stressful as unpaid taxes. The IRS can seize your assets, revoke your passport, and leave you financially destitute. That’s why the tax relief industry has grown so rapidly over the last 30 to 40 years—promises to handle state and federal tax […]
The IRS 10-Year Collection Rule: Taxpayer Hope or Hype?
What is the IRS 10-year collection rule, and how could it impact your tax debt? Officially called the Collection Statute Expiration Date (“CSED”), this critical tax law generally limits tax collection efforts to 10 years from the assessment date. But certain events can pause or extend this period. Let’s dive in. Key Takeaways The IRS’s […]
IRS Fresh Start Program: Myth vs. Fact
If you’ve been dealing with overwhelming tax debt, you’ve probably seen or heard ads for the IRS Fresh Start program. The ads likely promise that the program will provide options to pay down or settle the tax debt. But what’s the truth about the IRS Fresh Start process? Keep reading to find out. Understanding the […]
IRS Revenue Officers: Everything You Need to Know
Imagine receiving an unexpected visit from an IRS Revenue Officer at your home or business. It’s a situation that can be overwhelming and intimidating. But fear not! In this comprehensive guide, we’ll explore the world of Revenue Officers and equip you with the knowledge and tools to navigate these encounters. Prepare to dive deep into […]
