If you are dealing with tax debt, you probably have a lot of questions. Below you’ll find some of the most frequent questions we receive, as well as their answers!

In some cases, you can stop the IRS from taking immediate action. If you have received a Notice of Intent to Levy, it means that the IRS has been attempting to resolve the matter with you for some time and this is their final warning to you before they take action.

If you have unreported income or false deductions on you return, you should consult with a tax professional such as a tax attorney or Certified Public Account. The reason you want to contact these tax professionals is because claiming false deductions or unreported income is considered fraud. Remember, you have signed your tax return under the penalties of perjury. 

The consequences of not filing your tax return on time will expose you to penalties and interest of 5% up to 25% of your tax liability.

As an officer or director of a company who has failed to remit payroll taxes, you could be held personally liable for the company’s payroll tax liabilities as a responsible party.

If you filed the returns jointly with your spouse, you will be held personally liable for the tax liabilities. However, you may avoid tax liability if you qualify for Innocent Spouse Relief.

If your non profit has lost its tax exempt status, you can request reinstatement for your organization.

If you have a current tax levy against your bank account, it is best to contact a tax professional such as a tax attorney or Certified Public Accountant (CPA) to obtain relief. Calling the IRS yourself may be risky since you may not know how to navigate this process nor how to have your bank funds returned.

The best way to remove a tax lien is to pay off your tax liability.

The best way to stop your paycheck from being garnished is to engage in a settlement arrangement with state or federal revenue officials.

If you have an outstanding tax liability, you will not be refunded the garnished amounts received by the IRS used to settle the outstanding tax liability.

You need a tax professional familiar with IRS controversy procedures to represent you in a Collection Due Process Hearing. A tax attorney would be best since this procedure allows the opportunity for your case to be heard at the United States Tax Court.

The IRS will negotiate if your tax liability qualifies because of doubt around the liability or doubt as to the collectability of your liability.

There are several methods available to reduce your tax liability. One method might involve simply filing your returns. If you fail to file tax returns, the IRS will file one on your behalf reflecting tax liabilities. This may be corrected by having a tax professional prepare those returns and resolving the liability with the IRS.

If you have a serious health condition which has caused your illness, your tax liability may be reduced.

You can negotiate paying a lower amount or avoid paying the IRS due to being unemployed.

In some cases, your tax liability may be reduced by filing bankruptcy. You will need to discuss this matter with a tax professional. For example: one factor to consider will be the age of your tax liability.

If you are a responsible party, you will be held personally liable for payroll or trust fund taxes and exposed to fraud and criminal consequences.

If you are a responsible party, you will be held personally liable for payroll or trust fund taxes and exposed to fraud and criminal consequences even if the company closes, no longer exists, or is not operational.

Unless you are an innocent spouse, you may be held liable for taxes filed on a joint tax return. If the returns are filed separately, you are not responsible for your spouse’s tax liability.

No, the IRS will not garnish your wages if the tax return is filed separately and your husband owes taxes.

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