Archive for February, 2008
How To Stop IRS Wage Garnishment
I just released a new e-book titled, “Emergency Tactics to Stop the IRS from Taking Your Paycheck.” This is a great manual that will lead you step-by-step through the process of getting the IRS to release your wage levy immediately so you can get your life (and your paycheck) back to normal. Visit [...]
I Recently Set Up an Installment Agreement and I am Still Getting Levy Notices
QUESTION:
I set up an installment agreement a couple of weeks ago to pay off my tax liability. I understand that it is going to take a while before my taxes are paid in full, but I thought once I set up the installment agreement, the IRS cannot come and try to levy my [...]
Tax Rebates Reduced by Past Due Taxes
Question:
I have heard a lot about the federal stimulus package and the government sending out rebate checks to taxpayers. I’m eligible for a payment but I still owe federal income tax from a prior year. Will I still receive my rebate check?
Answer:
The stimulus payment is treated like any other tax refund. This means [...]
The Top 5 Disadvantages to Filing an Offer in Compromise
Last week we listed the Top 5 Reasons Your Offer in Compromise Won’t Be Accepted, and this week we look at the Top 5 Disadvantages to the Offer in Compromise program.
Having to stay compliant for five years in order for the Offer in compromise to be final. After getting your taxes settled with an [...]
Back to the Basics: Obtaining Income Information So You Can File Your Old Tax Returns
I have many clients who come in with tax problems and they have not filed returns in many years. The first step to getting on the right track with the IRS is to get those returns filed (at least for the last six years). But you say, "how can I file my tax returns [...]
Can I File An Offer in Compromise Immediately?
QUESTION:
I already owe the IRS about $25,000 and I will owe about $4,000 this year. I want to try to get the IRS to settle for less money as soon as possible. Can I include this year’s taxes that I will owe?
ANSWER:
What you are asking is for the IRS to accept an offer [...]