Definition: A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial […]
Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and want to know “Can I pay installments on federal income taxes I owe?” Though […]
COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been […]
Much like a natural disaster, COVID-19, or the coronavirus, took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses […]
COVID-19 turned the world upside down. With most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe, it was just a matter of time before the IRS reacted. On March 21, […]
The Limitations of DIY Tax Preparation And How They Can Get You Into Tax Trouble The widespread availability of DIY tax preparation software has made Do-It-Yourself tax prep easier than ever before. These software packages are simple to use, with […]
Sometimes taxpayer’s with IRS tax problems decide to face the IRS on their own. Sometimes they hire a professional like a CPA, Attorney or EA, but not someone who specializes in tax resolution. The best thing to do when faced […]