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5 Types of IRS Payment Plans and How to Choose One


by Arian Azimzadeh on October 01, 2020  0 Comment

If you can’t afford to pay your owed income tax amount, you might be feeling overwhelmed by the thought of fines and penalties. Fortunately, working with the Internal Revenue Service (IRS) to resolve your outstanding debts doesn’t have to be daunting or stressful. In this post, we’ll share some of the most popular IRS payment plans and how they can provide practical solutions for conquering your upcoming tax payments. What is an IRS Payment Plan? An IRS payment plan is similar to other types of payment plans that allow you to pay off an existing balance or outstanding debt over time, as opposed to paying a lump sum immediately. Payment plans are useful when you are short on cash assets ...

What Is the Difference Between a Tax Lien and a Tax Levy?


by Allison Blackham on April 01, 2019  0 Comment

What Is the Difference Between a Tax Lien and a Tax Levy?
Tax liens are different from tax levies in several key ways. A tax lien is a legal claim against a property, while a tax levy is the actual seizure of a property. The IRS has the legal right to file both tax liens and tax levies against taxpayers' property to recoup a debt.It's important to differentiate between a tax lien and a tax levy because they represent two distinct actions. The Internal Revenue Service (IRS) and state tax agencies have the legal authority to file both tax liens and tax levies against taxpayers on the federal and state levels.Although the two do share some similarities, they refer to different processes. A Tax Lien A tax lien is a legal claim ...

How to Choose the Best Tax Relief Services Company


by Arian Azimzadeh on November 20, 2020  0 Comment

How to Choose the Best Tax Relief Services Company
No matter whether you need standard tax preparation services or you’re looking to settle substantial tax debt, finding a reputable service provider is crucial. When it comes to tax relief services, there’s an entire range of options based on how much you owe, how long you’ve owed money to the IRS, and what penalties you’re facing as a result of back taxes.In this post, we’ll shed light on what makes a good tax relief services company and how to know whether you’re working with a trustworthy and professional source. You’ll also discover which characteristics to stay away from, so that you can avoid using tax relief service providers that might inevitably end up wasting your time or money. What ...