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 Filing In 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 … [Read more...]
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 Debt In this article: How Do Delinquent Taxes Affect Taxpayers? Why Does the IRS Revoke Passports for Back Taxes? Who Is a Seriously Delinquent … [Read more...]
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 … [Read more...]
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 … [Read more...]
Basics Of The IRS W9 Form
As a sole proprietor or independent contractor, you complete a variety of tax forms traditional employees avoid, and these include IRS W9 Form. This one is simple, but it’s still important to know its purpose. Most of all, you have to learn how to complete it correctly and keep your information secure. IRS W9 Form | Learn Its Purpose and How To Fill It Out In This … [Read more...]