Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way or your tax debt is all paid off.
When you sign your tax return and send it in, you may think that tax filing season is finally over, and that the IRS will not be bugging you for another year. That’s unfortunately not the case.
Millions of Americans get letters from the IRS stating they owe more money or asking for more … (2 comments)
Unlike most other government agencies, the IRS has unbridled power to attach your wages, freeze your bank account and even confiscate your property, and that is enough to send a chill up the spine of any Realtor!!
If you receive a letter from the IRS saying that you owe additional taxes, it is important not to panic. It may be a frightening situation, but there are things you can do to settle your tax debt and get back on the good side of the IRS.
Realtors do have options when resolving tax disputes … (3 comments)
tax debt: I can’t pay my tax bill: what are my options?
- 10/30/21 09:45 AM
It’s late October. My favorite time of the year. The holidays are coming fast, fall colors paint the landscape, and the football season is in full swing. But in case you haven't noticed, it's also the season for IRS notices. The extension deadlines for business and individual income tax filings expired on Sept 15 and Oct. 15, respectively. Of course, many people who finish their tax returns at this time of the year owe money to the IRS and the state. Now they can't pay and the IRS is sending troubling collection letters. Tax debt can happen to good people, and for many reasons. … (1 comments)
They can - and will - if you've been getting IRS notices asking you pay taxes owed, and you fail to comply.
I've also seen agents and brokers who haven't even filed tax returns get levied by the IRS or their state tax agency -- for 100% of their Commission Income.
I can't think of any worse news than learining your paycheck is 100% frozen. The good news is theirs ways to stop an IRS levy, and I'm going to show you how.
I provide IRS Representation for troubled taxpayers who … (0 comments)
Few people look forward to tax filing season. 
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