Read Time:3 Minute, 36 Second Most people think of an IRS problem as a financial problem. A notice, a balance due, a penalty adding up. What they do not expect is to hand their passport to a gate agent and get turned away. That is not hypothetical. The IRS has the...
Read Time:5 Minute, 34 Second Client name and identifying details have been changed to protect privacy. This is a real case. The balance was $45,240. It had been growing for years, accumulating penalties and interest the way these debts do when the IRS is not being...
Read Time:5 Minute, 24 Second A CP504 lands in your mailbox with bold type, a balance due, and the words “Notice of Intent to Levy.” For most people the reaction is immediate panic. They assume the IRS is about to empty their bank account or garnish their...
Read Time:6 Minute, 43 Second Most people who haven’t filed in years are not hiding. They’re waiting. Waiting for the year their records are organized. Waiting until they can figure out exactly what they owe. Waiting for a moment where everything lines up...
Read Time:7 Minute, 13 Second Every week, we talk to people who haven’t filed a tax return in years. Some for three years. Some for fifteen. And when you ask them why they haven’t just dealt with it, you hear some version of the same answer: “I...
Read Time:12 Minute, 27 Second Falling behind on tax obligations creates mounting problems that compound with each passing year. Whether due to financial hardship, life changes, or simple procrastination, unfiled tax returns represent a serious issue that requires...
Read Time:13 Minute, 13 Second Tax debt can create overwhelming financial pressure that affects every aspect of your life, from your ability to secure loans to the risk of wage garnishment and asset seizure. When you owe money to the IRS or state tax authorities, the...
Read Time:11 Minute, 52 Second By Jon Call, EA — Enrolled Agent & NTPI Fellow • CLAW Tax Group Failing to pay taxes on time can trigger a cascade of financial consequences that extend far beyond the original amount owed. The IRS imposes strict penalties...
Read Time:10 Minute, 51 Second Facing tax debt can feel overwhelming, especially when the Internal Revenue Service begins sending notices or threatening collection actions. Many taxpayers believe they have limited options when dealing with tax obligations, but the...
Read Time:2 Minute, 6 Second Beginning January 1, 2022, these companies (and others like it) were required to report to the Internal Revenue Service Want to avoid an IRS audit? As Bloomberg reported last week, starting this tax year (2022), the IRS is creeping on the...
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