Attorney Fee Financing Options Available
Practical Solutions For Every Tax Issue
Substantiation refers to the documentation required to support claims for deductions and/or credits on your tax returns – and it’s a critical aspect of tax compliance that can lead to major disputes between the taxpayer and tax authorities. The IRS (and other tax...
Millions of Americans are currently struggling financially, and the reality is that anyone can fall behind on taxes. Facing tax debts can be overwhelming, which is why the IRS has a system known as “offer in compromise”. This allows qualifying debtors to pay a...
As a United States taxpayer, you may sometimes find yourself lagging behind on your tax payments, which can result in significant penalties and interest charges. Fortunately, the IRS offers several tax installment agreements to help you pay your tax debt over time....
The Internal Revenue Service (IRS) will send you a CP501 notice if you have any unpaid taxes. A CP501 is typically the first reminder that you have unpaid taxes. Following a CP501, the IRS may send a CP502. If you receive a CP502, it is important to respond quickly...
If you have a balance due on a tax account, which means you owe the Internal Revenue Service (IRS) money, the department will mail you a CP501 notice. When you receive this notice, you need to act quickly, as the wrong moves can lead to additional interest and...
In some cases, the IRS will allow people to use an installment agreement, rather than paying the taxes that they owe. This type of payment plan essentially sets up a schedule so that the person pays off the debt over time. Someone may not have enough money to pay...
A notice of intent to levy is a formal notification from the Internal Revenue Service (IRS) informing you of their intent to seize your property or assets to satisfy a tax debt. Some of your assets that could be seized include your wages, bank accounts, vehicles and...
If you owe the Internal Revenue Service (IRS) money on unpaid taxes, the department will send you a CP14 notice (a warning or a first reminder). You need to be careful about your steps once you receive this notice. Here is what to do: Read it Your CP14 notice will...
If the Internal Revenue Service (IRS) says you owe them money, you need to act. You may choose to contest their calculations, but, often it is better to accept they are right. If you can pay off the full amount you owe then good, but what if you cannot? What if doing...
If the tax delinquency remains unpaid for ten (10) days, after the date of the Notice and Demand for Payment, then the Illinois Department of Revenue may issue a warrant commanding the Sheriff or other authorized person, to Levy, upon the property and rights to...