Levies are not being automatically released by the IRS. Taxpayer needs to request levy release due to economic hardship caused by the pandemic.The IRS may ask for additional financial information to determine if a levy is causing an economic hardship. Due to current limited staffing, IRS has pro
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06/02/2020
A Federal Tax Lien is the governments legal claim against your property when you have neglected or failed to pay your taxes. It is also called the "Silent Lien" because it arises automatically after the IRS has assessed the tax, sent a notice asking the taxpayer to pay and the taxpayer has negle
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05/31/2020
In short it means all tax returns have been filed and tax has been paid timely. In general, a taxpayer needs to take the following steps to get into tax compliance: file all tax returns due on time if you are an employee, sufficient taxes need to be withheld to cover your tax bill if you are self
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05/31/2020
Can’t pay your taxes? Don’t panic. You have options! Step 1- File your tax return by the original due date or request an extension Step 2- Consider getting a loan or paying by credit card. It may be a better and less expensive options than owing the IRS not only taxes but late-payment penalty and
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05/30/2020
