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
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Filing Tax Extension | A Complete Guide [INFOGRAPHIC]
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Here are the important things to keep in mind on how to file a tax extension to avoid tax penalties.RELATED: A Step-By-Step Guide To Settling IRS Tax DebtIn this article:When Is the Tax Return Annual Deadline? When Should You File a Tax Extension? What Happens When You Get an Extension? What Is the Purpose of a Tax Extension? How Does TurboTax Work? …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
Should You Consider Filing For Bankruptcy?
Know what filing for bankruptcy is all about and what it entails in the article below.RELATED: Tax Relief For Deserving Americans | Do You Qualify?In this article:What Does It Mean to File for Bankruptcy? Is Filing for Bankruptcy Bad? How Does Filing for Bankruptcy Affect You? How Much Do You Have to Be in Debt to File a Chapter 7 Bankruptcy? Will a …Continue Reading
How To Fill Out The IRS Offer In Compromise Form 656
Completing an IRS Offer In Compromise is easy if you understand each section of the form.RELATED: IRS Debt Forgiveness Program: Are You Eligible?In this article:Section 1: Individual Information Section 2: Business Information Section 3: Reason for Offer Section 4: Payment Terms Section 5: Designation of Payment, Electronic Federal Transfer Payment …Continue Reading
