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
Federal Tax Preparation
A Guide To State And Federal Lien Release And Withdrawal
Taxpayers looking to obtain lien release can expect a difficult road ahead if they lack knowledge in a few important areas.RELATED: Tax Preparation FAQs | Everything You Need To Know Before FilingIn this article:What Is a Tax Lien and a Tax Levy? What Can Taxpayers Do to Get a Release of Lien? How Can a Taxpayer Get a Tax Lien Withdrawal? Who Has …Continue Reading
Your Passport May Be Revoked Due To Delinquent IRS Taxes
Unpaid IRS taxes can lead not just to penalties but also the revocation of a passport, and not a lot of taxpayers know how to proceed with the revocation process.RELATED: A Step-By-Step Guide To Settling IRS Tax DebtIn this article:How Do Delinquent Taxes Affect Taxpayers? Why Does the IRS Revoke Passports for Back Taxes? Who Is a Seriously Delinquent …Continue Reading
How To Negotiate Unpaid Employer Payroll Taxes
Unpaid employer payroll taxes can lead to very steep penalties, but not a lot of taxpayers know how to navigate through the process.RELATED: Tax Problems? Avoid These Tax Filing Mistakes Steps on How to Deal With Unpaid Employer Payroll Taxes Step 1: Know What Falls Under Employer Withholding Tax Knowing and understanding what is excluded from withholding taxes can …Continue Reading
How To Stop, Remove Or Prevent A Bank Levy
Receiving a bank levy notice from the IRS can cause a lot of stress. Finding ways to stop, prevent, and even remove one is a top priority for anyone in this situation.RELATED: 9 Types Of IRS Letters And Notices And What They Mean What Every Taxpayer Can Do When They Receive a Bank Levy Step 1: Understand What Is a Bank Levy First Bank Levy Definition: when a creditor …Continue Reading
