Those who face significant tax debt may wonder how they will pay the bill. Some may consider using a credit card. If the card has low rates and you know you can make regular payments, this could be a reasonable option. Unfortunately, most credit cards come with a high...
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Steven Goldburd and Benjamin A Goldburd
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Tax Collection
IRS announces new shift in policy and focus on safety
The Internal Revenue Service (IRS) warns taxpayers of various scams to watch out for throughout the year. In addition to issuing these warnings, the agency also takes steps to help mitigate the risk of these scams. The agency recently released information about one...
Can tax debt impact my ability to travel?
Tax debt can lead to some pretty serious ramifications. In some situations, it can even impact the ability to travel. Although those with significant tax debt could likely still take domestic trips like a road trip to the beach or a getaway into the mountains, the...
What do I need to know about IRS collection efforts?
Media outlets and taxpayer watchdogs alike have dogged the Internal Revenue Service (IRS) for its struggles to deal with a backlog of millions of unprocessed tax returns. This makes recent news the federal agency has caught up with its backlog noteworthy. This is...
I have not filed taxes for years. What are my options?
A failure to file tax returns is a serious issue. The Internal Revenue Service (IRS) takes the matter seriously and, depending on the situation, could move forward with allegations of criminal wrongdoing. Is it really a crime to fail to file taxes? If the IRS can...
Can I really settle my tax debt for less?
The idea of settling large tax debt for pennies on the dollar may seem too good to be true — but is it? The truth is, sometimes, this is a possibility. There are situations when the Internal Revenue Service (IRS) will accept a payment that is far less than what the...
How do I challenge tax penalties from the IRS?
The Internal Revenue Service (IRS) can charge taxpayers penalties for certain violations. Common reasons for penalty charges can include a failure to file taxes on time, a failure to pay owed taxes, inaccurate preparation of the tax return and a failure to pay in...
Four ways the IRS can take your money without your consent
If the Internal Revenue Service (IRS) believes you owe them money, they will send a bill. This bill will contain all sorts of information, from how much is owed to the potential penalties and additional charges that can apply if you fail to pay by the due date. What...
IRS goes after small business for payroll taxes: 3 lessons
The Department of Justice (DOJ) recently announced the acceptance of a plea deal with a small business owner from New York. The DOJ states the entrepreneur, who owned and served as the Chief Executive Officer (CEO) of two spas and related businesses failed to properly...
What should I do if I get a notice from the IRS?
The Internal Revenue Service (IRS) is looking to increase its efficiency when it comes to tax audits. One way the agency is considering using to help achieve this goal is the use of machine learning. The agency has stated machine learning can help find patterns that...