Tax Debts and Collections
Facing a bill from the IRS is not an unusual occurrence. In fact, approximately 30 percent of taxpayers found themselves with a federal bill, owing the IRS money in 2017. Finding out that you owe the IRS is tough, but being unable to pay the IRS can be terrifying....
Uncategorized, Tax Debts and Collections
If you owe back taxes to the IRS, it can seem like there are few options available to you. The IRS is the largest collection agency in the world and has the power to garnish your wages and drain your bank account. Protecting yourself can feel impossible. However, if...
Business taxes, Individual taxes, Interest and Penalties, Liens and Levies, Tax Debts and Collections
Tax season comes around every year whether you are ready or not. Most people prepare and file their returns on time every year. Maybe you are one of those people who, for any number of reasons, never got around to filing your return. Once you missed one return, the...
Business taxes, Individual taxes, Tax Debts and Collections
The IRS has announced that it is currently experimenting with expanded criteria for streamlined processing of taxpayer requests for installment agreements. Among the expanded criteria for streamlined processing are individual taxpayers with an outstanding tax balance...
Business taxes, Individual taxes, Tax Debts and Collections
YES, there are. The Internal Revenue Service has proposed changing its fees for people who pay taxes in installments starting on January 1, 2017. Currently, the fee is a maximum of $120, and it will go up to $225. TaxLane regularly helps people work though all types...
Individual taxes, Interest and Penalties, Liens and Levies, Tax Debts and Collections, Tax Scams
The Internal Revenue Service and Treasury Inspector General for Tax Administration (“TIGTA”) are still receiving complaints from taxpayers about unsolicited calls from people claiming to be from the IRS and demanding payment. The TIGTA has identified approximately...
