Finding Real Life Solutions To Your Tax Problem
If you are concerned about whether (or when) the IRS is going to exercise its enforcement powers and make your life miserable, radio advertisements for tax relief companies may catch your attention. The general pitch is that they can possibly help in defending against...
We have noted in a number of our posts, the power the IRS has to collect taxes; especially those that are past due. The IRS may place liens on property, and even exercise levies on homes, cars and even financial accounts. After all, the federal government...
Grammy award winning hip-hop artist Nelly is apparently in the crosshairs of the IRS. The artist known for hits such as "Country Grammar" and "Hot in Here" has been saddled with an IRS lien for more than $2.4 million. Indeed, Nelly (whose real name is Cornell Haynes...
As we have noted in our prior posts, no one actually wants to receive a tax lien. Most would agree that IRS liens are the bane of one’s existence. However, if a tax lien is initiated against a taxpayer, the federal government has a legal obligation to send...
In a prior post, we highlighted a number of penalties that you want to avoid with regard to paying taxes; specifically fees on late payments and unpaid taxes. While many people are afraid of the extra costs that can accumulate from unfiled returns or unpaid taxes, the...
With the Thanksgiving Day holiday passing, the focus for many consumers is on the holiday season. Indeed, few people are talking about taxes at this time of year, but people who are facing (or dealing with) tax liens are definitely thinking about how Uncle Sam will...
It is one thing to have to deal with the perils of losing a job or having a prolonged illness and how it can affect one’s financial condition, but it is quite another to deal with the Internal Revenue Service when you are having trouble making ends meet. In a number...
For most, the prospect of having any interaction with the Internal Revenue Service beyond filing a tax return and either paying in or receiving a refund is frightening. Being slapped with a tax lien is tantamount to the approach of the end of the world. Of course...
If you have insured your house or your car, you know that policies certainly do not cover every possible scenario. There are limitations to the coverage. An example involves business owners who keep cash on hand. An insurance policy may only cover $10,000 if the cash...
The average resident of California has little to no understanding of what a federal tax lien is or how it works. Simply put, it is what could happen when you fail to pay your federal income taxes. It is a claim against your property that will not arrive until you...