Knowing the answers to questions such as “Can social security be garnished by the IRS?” is essential to the retired taxpayer in debt.RELATED: A Step-By-Step Guide To Settling IRS Tax DebtIn this article:What Exactly Is Social Security Garnishment? Can a Private Creditor Take My Social Security? Can the IRS Garnish Social Security? What Are Other Assets …Continue Reading
Federal Taxes
What To Do If The IRS Wage Garnishment Is Causing Hardship
Since wage garnishment gives both the IRS and the taxpayer a hard time, taxpayers experiencing financial hardship can use this to their advantage.RELATED: 10 Assets That Can Be Put Under An IRS Levy How Financial Hardship Can Mitigate Wage Garnishment In 5 Steps Step 1: Understand Wage Garnishment Wage garnishment happens when the IRS deducts a debtor's tax payments …Continue Reading
How To Prepare For An IRS Audit
Preparing for an IRS audit can be a stress-free affair if you follow these best practices.RELATED: 9 Tax Audit Triggers To Watch Out For A Guide to IRS Audit Preparation Step 1: Know What Triggers an IRS Audit What does being audited mean?An IRS audit does not mean you are suspected of undertaking a tax-related criminal activity. Sometimes it simply means you have …Continue Reading
How To Get Your Home Back After A Tax Sale
Taxpayers going through a tax sale of their houses can expect a long and oftentimes complex process, which makes knowledge of tax sale facts crucial for retaining the assets.RELATED: How To Get Rid Of An IRS Tax Lien On Your Home How to Get Back a Home After a Tax Sale Step 1: Understand First How a Tax Sale Works Tax Sale Definition: The state sells a property to …Continue Reading
What Happens If You Don’t File Your Taxes For 5 Years Or More?
Need to know what happens if you don’t file your taxes for more than 5 years? We have listed the possibilities below for you.RELATED: How to Negotiate with the IRSIn this article:How Long Can You Go Without Filing a Tax Return? Can You Go to Jail for Not Filing a Tax Return? Do I Have to File My Taxes Every Year? What Happens When a Person Fails to File …Continue Reading
