IRS Collections, IRS, Tax Debts and Collections
5 Shocking Facts About Passport Revocation for Tax Debt Most taxpayers know the IRS can garnish wages or place liens on property. But few realize the IRS can also trigger passport revocation for tax debt. This enforcement action, known as IRS passport certification,...
Individual taxes, IRS Collections
Offer in Compromise vs. Installment Agreement: 5 IRS Payment Plan Insights When facing IRS debt, many taxpayers—especially side hustlers and small business owners—find themselves weighing Offer in Compromise vs. Installment Agreement. Both are official IRS payment...
Individual taxes, Business taxes, IRS Collections, Liens and Levies
Lien vs Levy: 17 Essential Differences You Must Know If you owe back taxes, you will eventually hear the term lien vs levy. These are not the same thing. A lien is the IRS’s claim against your property for unpaid taxes, while a levy is the legal seizure of that...
