Questions and Answers to Common Tax Problems & Solutions
Tax liability problems can be very confusing. We have compiled a list of frequently asked questions on various tax settlement methods and various tax problems.
Questions and answers regarding the Offer in Compromise tax settlement method. This settlement method allows taxpayers to settle their taxes for far less than what they owe, but this program is not for everyone.
Questions and answers regarding various installment agreements. An installment agreement is the most common form of payment plan used for taxpayers that cannot pay in full. Understand if this method is right for you and what installment agreement you should choose.
Questions and answers about unpaid taxes. Understand actions you can take to prevent penalties and interest from adding up on unpaid or underpaid taxes. Know the actions the IRS will take if taxes remain unpaid or not settled.
Questions and answers about IRS tax liens. Tax liens can be financially devastating. Sometimes they may not affect people who are not using credit but they are the final step before the IRS attempts to levy one’s assets. Understand what a levy does and what can be done to stop it.
Questions and answers about IRS tax levies. A tax levy is a forced collection mechanism used by the IRS. This is one collection action you cannot ignore. Understand what you can do if you are at risk for a tax levy.
Questions and answers about IRS wage garnishments and/or wage levies. Wage garnishment is a common form of IRS levy in which the IRS contacts your employer and requires them to send over a portion of your paycheck to the IRS. Understand how this works and what can be done to stop it.
Questions and answers about IRS bank levies. A bank levy is a form of seizure in which the IRS will seize funds directly from your bank account. Understand how this works and what can be done to stop it.
Questions and answers about innocent spouse relief. Innocent spouse relief is a form of tax relief given to individuals that have filed a joint return and one spouse can seek relief from taxes owed due to erroneous items of the other spouse
Questions and answers to frequently asked questions regarding IRS taxes and bankruptcy. Is bankruptcy the right choice? Are there better options for handling your tax problems?
Questions and answers to frequently asked questions about IRS hardship. Hardship can give taxpayers additional time to resolve their financial situation before having to pay the taxes they owe. See if this type of relief is right for you.
Question and answers to commonly asked questions regarding unfiled IRS taxes. Filing your taxes is the first thing that must happen before any type of settlement or resolution can be obtained.