IRS letters can be confusing – and intimidating. For example, the CP-504 is a final notice of intent to levy. Give us a call and, based on the correspondence, we’ll explain where you are in the collection process.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. A bank levy allows the IRS to empty your bank account – or other financial account(s). A levy also allows the IRS to sell your vehicle(s), real estate and other personal property.
A Wage Garnishment is the process of deducting money from an employee’s compensation. Wage Garnishments continue until the entire debt is paid or arrangements are made to pay off the debt.
If you owe back taxes, there are several IRS tax relief programs to help, including the agency’s Fresh Start initiative. Delinquent IRS tax liabilities can impact every aspect of a person’s life and livelihood. We analyze your options and explain what is possible – and what is not.
A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, financial assets and/or your credit report.
Failure to File Penalties and Failure to Pay Penalties and, of course, interest on the Penalties, can double a tax debt every 4 – 5 years.
Protect your business from aggressive revenue officers. Payroll Taxes are imposed on employers or employees and are usually calculated as a percentage of the salaries that employers pay their staff. Stop collection action and catch your breath; then get back in good standing with the IRS.