When you call the IRS to set up an installment agreement, you may have to go through a series of steps before the IRS will grant your installment agreement. The first factor is how much money do you owe the IRS. While the amount you owe does not matter when negotiating an offer in [...]
When you are a business owner and your business has employees, you are required to withhold income taxes from your employee’s paychecks and make regular deposits of those taxes with the IRS. If you miss those tax deposits or fail to pay at all, your business is looking at some stiff penalties. If your [...]
Imagine that title? Wouldn’t you like to be sought out by the IRS for a different reason – they owe YOU money. Well that is just the case for thousands of people. In my are alone, there are 226 people that the IRS is trying to locate to refund money they owe. The average [...]
Imagine that title? Wouldn’t you like to be sought out by the IRS for a different reason – they owe YOU money. Well that is just the case for thousands of people. In my are alone, there are 226 people that the IRS is trying to locate to refund money they owe. The average [...]
Question:
I went through a divorce several years ago and was ordered to pay alimony to my wife. I have been claiming those payments as a deduction on my income tax because I thought my lawyer said I could. Now, I received a letter from the IRS that they are not allowing my claim for [...]
Question:
The IRS recently levied my business bank accounts, again, but this time they did not give me any notice or warning. Is this legal?
Answer:
Unfortunately, yes, it is legal for the IRS to levy your bank account in this situation without forewarning. If these were your first delinquent payroll taxes in two years [...]