How to Get a Tax Levy Removed


by Pamela Kock on May 14, 2018  0 Comment

How to Get a Tax Levy Removed
Nobody likes to pay taxes, but the IRS has powerful ways of making sure we do. If you're in the unfortunate position of owing a significant amount of money to the Internal Revenue Service (IRS) for unpaid income taxes, the IRS will insist on payment by any means, including imposing a tax levy,  seizing your assets and selling them to pay off your debt. However, there are steps you can take to keep this from happening and start rebuilding your credit and wealth. What Is a Tax Levy? If you've been notified by the IRS that you are subject to a tax levy, you have 30 days to challenge the levy, work out a payment arrangement, or pay the tax ...

How to Succeed at Income Tax Resolution


by Pamela Kock on May 14, 2018  0 Comment

How to Succeed at Income Tax Resolution
It's amazing but true — the Internal Revenue Service (IRS) estimates that around 8.2 million U.S. taxpayers owed back taxes as of 2009, and that figure probably hasn't changed a lot in the years since. If you are one of them, you understand the stress it can cause. Knowing how to find an income tax resolution to unpaid taxes can help alleviate that stress. Fortunately, the IRS has established many ways that taxpayers can put their worries behind them. Methods range from the quick and simple to complicated strategies that require professional assistance. No matter what you do to find an income tax resolution with the IRS, the main thing is that you need to do something. Failure to make ...

How to Stop an IRS Tax Levy


by Pamela Kock on May 14, 2018  0 Comment

How to Stop an IRS Tax Levy
If you've been contacted by the Internal Revenue Service (IRS) and informed that you owe back taxes, you're probably under a lot of stress while you figure out how to handle it. An IRS tax levy is a serious situation that can affect all aspects of your life. The IRS may use any possible means to get you to pay your taxes, including a tax levy. Read the guide below to find out how to stop an IRS Tax Levy. Steps Toward a Tax Levy When the IRS determines that you owe back taxes, there are several steps it must follow. It will send out five automated letters to notify you that taxes are due and give you multiple chances ...