Do Banks Report Check Deposits to the IRS?


by BJ Lynch on December 11, 2019  0 Comment

Do Banks Report Check Deposits to the IRS?
If you want the quick and easy answer to if banks report check deposits to the IRS, then it largely depends on the amount of the deposit. The IRS certainly does not have time to monitor every single check from every high school part-timer in America. The IRS trusts all of those smaller transactions to be included in your yearly tax return if you make over $10,000. Speaking of $10,000, that's the number that will cause the to start IRS keeping a closer eye on you. It's the income at which you start filing tax returns, but it's also the amount where the IRS begins questioning the legality of transactions. The Big Number If you make any business transaction where ...

Can You Be Approved for a Mortgage With Fannie Mae, Despite an IRS Payment Plan (Installment Agreement)?


by BJ Lynch on April 02, 2019  0 Comment

Can You Be Approved for a Mortgage With Fannie Mae, Despite an IRS Payment Plan (Installment Agreement)?
Having an Internal Revenue Service (IRS) payment plan (installment agreement) will not disqualify you from obtaining a mortgage with Fannie Mae as long as specific requirements are met. Connecting with tax professionals who have your best interests in mind is as easy as using Solvable's services. Don't lose hope in having the home of your dreams due to tax debt. Tax debt has a way of impacting every aspect of our lives. You may be in the market for purchasing a new home or having the home of your dreams built, but you are dealing with tax debt and feel that your dreams will never come to fruition. Solvable is here for you with a wealth of resources to help you formulate a workable plan that ...

IRS Payment Plans And Respective IRS Mailing Addresses


by BJ Lynch on April 02, 2019  0 Comment

IRS Payment Plans And Respective IRS Mailing Addresses
It's best to pay taxes on time and in full whenever possible. Payment plans can help you stay current with tax debt, but fees may apply Making sure that you have the correct mailing address when sending payments to the Internal Revenue Service (IRS) is a must. Paying taxes is a mundane task that carries much weight. Though this is a routine we are accustomed to, failure to do so comes with undesirable consequences. It's always best to stay current on all things tax-related to avoid accrued interest, late fees, or collection efforts by the IRS. Here at Solvable, we endeavor to provide you with the best platform for connecting with tax specialists capable of handling the worst of tax issues. ...

Does Bankruptcy Clear Tax Debt?


by BJ Lynch on April 02, 2019  0 Comment

Does Bankruptcy Clear Tax Debt?
Research and understand what bankruptcy is. Carefully consider all options available to you concerning tax debt. Solvable is your home base for all things taxes. Taxes are just a way of life and should be maintained to prevent issues such as tax debt. Sometimes there is no way to avoid tax debt, but there are ways to resolve outstanding debts with the Internal Revenue Service (IRS) or your state revenue service. This is where Solvable comes into play offering the knowledge and services you need to find tax professionals suited to handle all of your tax problems. The basic definition of bankrupt is when a person or organization cannot pay outstanding debts by a declaration of law. The United States Bankruptcy Code outlines bankruptcy. ...

What You Need To Know About Tax Liens


by BJ Lynch on April 02, 2019  0 Comment

What You Need To Know About Tax Liens
Tax liens can be circumvented by filing and paying taxes owed. It's always best to work to resolve tax issues quickly. Solvable provides you with the services needed to address your tax issues. In general, having an understanding of taxes can be a little overwhelming without training in the ever-expanding rules and regulations that make up what is called the tax code. Here at Solvable, we work hard to provide you with a collective knowledge of "everything taxes." We also provide you with a user-friendly platform equipped for pairing you with professionals who specialize in resolving tax problems, such as a tax lien. What Is a Tax Lien? The basic description of a tax lien is as simple as the state placing ...

Do You Need to Hire a Tax Attorney?


by BJ Lynch on April 01, 2019  0 Comment

Do You Need to Hire a Tax Attorney?
Always do your homework concerning the specifics of your IRS debt before deciding on the best solution. In most cases involving IRS debts, you can significantly benefit from having the expertise of a tax professional. When searching for a tax attorney to help you resolve a debt with the Internal Revenue Service (IRS), let Solvable connect you with the most reputable tax professionals. If you are planning to handle IRS debt on your own, consider if you have the knowledge to manage your circumstances. If the tax issue is minor, you should be able to represent yourself. When it's a significant issue such as owing $10,000 or more in back taxes, and the IRS could justify an audit, you should consider finding some ...

Avoiding IRS Tax Debt Relief Scams


by BJ Lynch on April 01, 2019  0 Comment

Avoiding IRS Tax Debt Relief Scams
Solvable does the work of vetting tax debt relief professionals, so you don't have to. When something seems too good to be true, like a magical strategy that makes all of your tax troubles disappear, it probably is. Avoiding tax issues by filing and paying your taxes on time is always your best bet. It can be especially challenging to spot a scam when it is staring you right in the face. With the way that companies market themselves in today's marketplace, you will find that you hardly ever get what you see. This seems to be more true of tax debt relief companies than just about any other industry out there. The best way to evade these scams is to ...

Learning How to Pay Off Tax Debt


by BJ Lynch on April 01, 2019  0 Comment

Learning How to Pay Off Tax Debt
When you are looking to connect with reputable tax debt professionals to help you with tax issues, look no further than Solvable. Avoiding tax debt whenever possible is best, and you can accomplish this by filing and paying taxes promptly. Information is indispensable when making decisions regarding your tax problems. Finding yourself owing a debt to the IRS can be disruptive. It's stressful enough having the debt, but when the IRS is involved, it changes everything. Life happens, and anyone could find themselves being faced down by the IRS. If you are grappling with how to pay off a tax debt, we invite you to use our services at Solvable to connect with a tax debt professional today. Tax Debt and Actions the ...

Everything You Need to Know About an IRS Tax Levy Release


by BJ Lynch on April 01, 2019  0 Comment

Everything You Need to Know About an IRS Tax Levy Release
The Internal Revenue Service (IRS) has legal rights to issue a levy on your property to satisfy a tax debt. Promptly paying your tax debt can prevent a levy. The IRS will release a levy if you can meet specific requirements. When you find yourself facing the IRS due to tax debt, you can become overwhelmed. The path you need to take to resolve a controversy that arises over tax debt can be unclear to the untrained eye. Here at Solvable, we recommend that you research the circumstances you are suffering and consider seeking out the help of a tax professional. The IRS is capable of taking drastic measures to ensure that you pay your tax debt in full, such as ...

How the IRS Tax Relief Hardship Program Can Help You


by BJ Lynch on April 01, 2019  0 Comment

How the IRS Tax Relief Hardship Program Can Help You
Solvable provides you with a wealth of tax knowledge and a place to connect with the most reputable tax professionals. The Internal Revenue Service (IRS) can be challenging to negotiate with, but there are options available to you that can help when you are caught up in tax controversy. Take up the habit of keeping your taxes in check, so you won't have to face the consequences that come with delinquent tax debts. Whether or not you file taxes as an individual, a small business owner, or a corporation, the basic concepts are the same. You should always take the time throughout the year to ensure that you have made the necessary arrangements for tax season. This means setting aside an ...