What is the Statute of Limitations on Back Taxes?


by John Hsu on March 26, 2019  0 Comment

What is the Statute of Limitations on Back Taxes?
A debt statute of limitations specifies how much time debt collectors have to file a lawsuit against delinquent debtors. Statutes of limitations for collecting debt vary from one state to another, and they may not apply to certain types of debts. Debtors may still face legal risk after the statute of limitations has run out.If you fail to pay off your debt, your creditor has a number of remedies available. They may report your delinquent debt to the major credit bureaus so that it will appear on your credit reports and hurt your credit score. They may also send your debt to a debt collector, who may take legal action against you. While the consequences can be dreadful, your unpaid ...

Essential Steps to Successful Tax Resolution


by John Hsu on May 14, 2018  0 Comment

Essential Steps to Successful Tax Resolution
Having the Internal Revenue Service (IRS) breathing down your neck can be a stressful and unsettling experience. While some tax problems can be solved easily, others may require careful analysis and action. The assistance of a qualified tax professional is always recommended. Regardless of the severity of your tax issue, it's always best to reach a successful tax resolution as soon as you can.Nonetheless, fixing a tax problem can be a daunting task if you aren't familiar with tax laws and the way the IRS works. Then again, there are effective steps you can take to achieve a successful tax resolution and financial freedom. How to Deal With an IRS Notice The IRS sends out notices for a variety ...

A Comprehensive Guide to Hiring a Tax Resolution Specialist


by John Hsu on May 14, 2018  0 Comment

A Comprehensive Guide to Hiring a Tax Resolution Specialist
If you're having problems with your taxes, you aren't alone. According to the Internal Revenue Service (IRS), one out of 15 American taxpayers experiences some kind of tax problem. Nonetheless, it's important to solve your tax problems before they get out of hand. If not handled promptly and properly, tax debt can quickly become overwhelming, and the IRS' complicated procedures and requirements don't make things any easier. If you find yourself burdened with tax debt, it's a good idea to seek the assistance of a tax resolution specialist. Here's a complete guide to hiring a tax resolution expert. What Is a Tax Resolution Specialist? A tax resolution specialist is a tax expert who represents taxpayers in their dealings with the IRS ...

How Does IRS Settlement Work


by John Hsu on May 14, 2018  0 Comment

How Does IRS Settlement Work
Being behind on your taxes doesn't only increase your financial stress. It also exposes you to the dreaded experience of dealing with the Internal Revenue Service (IRS). If you don't resolve your tax debt promptly, the problem can quickly spiral out of control. You can be easily overwhelmed if you're struggling financially or unfamiliar with tax regulations and procedures. Fortunately, there are measures you can take to settle your tax debt. Here's a helpful guide to understanding IRS debt settlement. What Is IRS Debt Settlement? IRS debt settlement works in the same way as other kinds of debt settlement. It involves negotiating with the IRS to pay less than the amount you owe. A tax settlement typically results from a ...