Monthly Archives: August 2011

Home / Archives for: August 2011

Tax Lien Tips

Tax lien is often placed on taxpayer's property for the amount of debt as a security when the tax payer ignores the notice of payment due and doesn't make payments on back taxes. Tax lien can be placed on debtor's house, cars, and accounts receivable. Tax lien becomes a public document that may affect the [...]

By |Tax Tips|

What is a Federal Tax Levy?

Most Tax Payers wait to receive a threat of Federal Tax Levy, before consulting Tax Professionals. Federal Tax Levies are often utilized by the IRS to collect back taxes that are owed or believed to be owed by the taxpayers. The two most common forms of tax levy are IRS Bank Levy and IRS Wage [...]

By |Expert Tax Relief Blog|

What is an Offer in Compromise?

Individuals who owe back taxes to the IRS and do not have the money to pay the total amount due may qualify for an Offer in Compromise. An Offer in Compromise is an agreement between the IRS and a taxpayer to settle back taxes for less than the full amount that is owed. An offer [...]

By |Expert Tax Relief Blog|

Why and When to Use a Tax Professional

Most people do not require assistance from a tax professional, but those that owe back taxes should not procrastinate. It is important to choose the right professional – an attorney, CPA or Enrolled Agent - for the problem at hand. If it is important to keep information confidential, it is best to consult a tax [...]

By |Expert Tax Relief Blog|

Who to Ask for Help when Dealing with Tax Problems

Today, in a tough economy many Americans are facing problems with back taxes and other tax issues. Facing the IRS (or state tax agencies) alone can be a long and frustrating process. Laws are constantly changing, there are mountains of endless paperwork, and taxpayers often find themselves running in circles. Having a tax professional by [...]

By |Tax Tips|