Bank Levy
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Category: Bank Levy
The IRS has made clear of the need to report offshore foreign accounts of taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 28, 20...
Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years. This means the IRS must cease trying to collect your debt 10 years after filing your return or being audited. However, it’s not quite this simple. U...
Making sure that your company’s taxes are paid is an essential part of doing business. Many companies have to deal with keeping up with and adjusting to the changing tax laws. This includes some changes to federal law; however, it also includes...
Keeping current on your taxes is important for avoiding headaches during tax season. And foreign asset reporting can be one of them. If your business owns assets abroad and you’re not reporting them, then you could be doing yourself a disservic...
So, you have just found that a debt collection agency has seized your bank account and taken the money you owe them. The news leaves you shocked and your bank account overdrawn. This can be an extremely worrying scenario. And the worst thing is that ...
As the end of 2016 draws near, you may be wondering how you can boost your refund and finish the year off as financially savvy as possible, setting yourself up for a successful 2017. Well, you’re in luck. Every taxpayer can take advantage of our EO...
Received a lien notice on your home from the IRS? Before assessing your options on how to proceed, it’s imperative to understand the particulars of this notice; selling or refinancing your house becomes difficult until a lien is taken care of. Why ...
The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who just can’t pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you can af...
