The IRS acknowledges financial hardship as a legitimate reason for tax relief — as long as a taxpayer can prove it. RELATED: How To Come Up With A Financial Savings Plan A Guide to Proving Financial Hardship to the IRS Step 1. Know How the IRS Defines 'Financial Hardship' The phrase 'financial hardship' means different things to different people. It is usually dependent … [Read more...]
Top 8 Reasons To Appeal An IRS Tax Lien And How To Do It
The IRS will overturn a Notice of Federal Tax Lien if you have a legitimate case against it — but you must follow the right dispute procedure. RELATED: 5 Easy Ways To Avoid An IRS Tax Lien In this article: You Already Paid the Taxes in Full Tax Lien Filing Error You Are in the Process of Filing Bankruptcy Expiration of the Statute of Limitations Prior to Tax … [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...]
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