Individuals that are not able to pay the Internal Revenue Service federal taxes annually have a tax liability. Currently Not Collectable is an available option to protect assets from the IRS collections department. If you qualify, you can postpone levies and garnishments appointed by the IRS. Bank accounts will not be frozen and the collections…
Dealing with the IRS is often complicated and stressful for someone who is unaware of their practices. If you require IRS tax debt relief, understanding how to stop IRS wage garnishments may be helpful. Wage garnishments are where the IRS takes a portion out of your paycheck to make up for missing tax payments. The…
Unlike tax credits, tax deductions do not reduce your tax bill dollar for dollar. Instead, tax deductions reduce your taxable income.
The notion that the IRS forgives tax debt after 10 years is a common belief that circulates among taxpayers, but is not true.
The easiest way to reduce your tax bill is to reduce your taxable income by utilizing tax deductions.
If you itemize deductions, you must file the long Form 1040 and Schedule A. But the extra hassle is worth it if it reduces your tax bill.
Navigating payments to the Georgia Department of Revenue can be a daunting task, whether you’re an individual filing income taxes or a business owner trying to stay compliant with state regulations.
Receiving IRS tax audit letters can be overwhelming, but this article provides valuable insights on how to respond and navigate the process of a tax audit.
People in financial trouble often file for bankruptcy. Bankruptcy is a legal protection that halts collection efforts on existing debts and can allow debtors to wipe out debts completely or reorganize their finances to pay off those debts, perhaps at a reduced amount. But do these bankruptcy protections apply to tax debts? The answer is, it depends on your circumstances.
A currently not collectible program status is not a long term fix. It is merely a temporary relief. Learn how this works and if it is right for your situation.
8 Proven Tax Relief Solutions to Obliterate Your IRS Woes Now! Navigating the maze of tax rules can feel overwhelming, especially when you discover you owe the IRS more than you initially thought. Believe it or not, there are several relief options designed to help you manage your tax situation and come out the other…
