What is an IRS Levy?

What is an IRS Levy?

ACS (Automated Collection System) is the automated part of the collection apparatus of the IRS that handles the majority of tax collection cases.  ACS relies on mailed notices to generate taxpayer contact and will issue notices of intent to place liens and levies...
Why Is the IRS Contacting You?

Why Is the IRS Contacting You?

We all cringe when thinking of that dreaded “Notice” letter from the IRS. No urgency to worry yourself though, stay calm and understand that the analysis is a professional procedure that may be resolved by simply having the appropriate, professional representation,...
Will the IRS really Garnish your Wages?

Will the IRS really Garnish your Wages?

The Internal Revenue Service (IRS) is serious business. And if you owe taxes, the IRS can collect by garnishing your wages. The money will come out of your pay until the debt is paid in full or you manage to stop the garnishment. Difference Between IRS and Other...
What is the offer in compromise program?

What is the offer in compromise program?

Do you have an unpaid tax debt with the Internal Revenue Service (IRS)? I’ve got some great news for you! When it comes to issues on resolving your tax obligations and settling debts that you owe “Uncle Sam” you do not have to get stressed up. With...
Is it a Hobby or Business?

Is it a Hobby or Business?

If you have a fledgling or small sideline that you want to be able to call a “business” for IRS taxes, it is important to know what distinguishes a business from a hobby. A hobby may not give you deductions on your personal federal income tax return if you are perhaps...