Tips

How to Stop an IRS Tax Levy

IRS

Of all the creditors or companies you might owe money to, the Internal Revenue Service can be the least forgiving about debt. If you don't pay your taxes, an IRS tax levy may be issued and they will take possession of your property, including cash accounts, wages, and real and personal property. The IRS will sell non-liquid assets to raise funds to satisfy the debt you owe.  If you’ve received a levy notice from the IRS, it’s time to ACT IMMEDIATELY. Our firm may be able to get your levy released the same day but you must call now for…

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How Can I Pay Federal Taxes With Installments or Monthly Payments?

Taxes

Every year, there are millions of taxpayers who find themselves unable to pay federal taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with you. The bad news is, they’re relentless in their collection of back taxes and if left unattended, they can levy your bank account, garnish your paycheck, or put a lien on your property to settle your tax bill. However, their cooperation comes at a price, called penalties and interest. Here are the steps you need to take…

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Is It Bad to Settle With the IRS???

IRS

You may have heard on the radio, TV, and online, that you can settle your tax bill for less than what you owe. But are these claims actually true? And can you really settle with the IRS without hurting yourself in the long run? Some of these national tax resolution firms you hear advertising offer very little service, just look at their Google and Yelp Reviews.  So it’s important to know who to trust and get educated on what your options are to resolve your tax problem. As a local expert Tax Resolution Firm ourselves based in Maine and serving…

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3 Tax Resolution Strategies the IRS Offers

Tax Resolution

Taxes are a fact of life, but tax resolution problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans for how to proceed in collecting what they believe you owe. After sending you notices, the IRS can garnish your wages, levy your bank account, even put a lien on your property. However, the IRS also has clear tax relief options for taxpayers.  In this article, we’ll give you 3 options the IRS has to resolving your tax debt. Note, we always recommend getting in touch with a specialized tax resolution professional to help avoid the…

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