Posts about

tax problems (5)

What Is Uncollectible Status And How To Obtain It

There are a lot of things that go into running a business. Making sure your finances are in order is one of the most important aspects. One thing that you may not have considered is what to do if you can't collect on a debt. This can be a huge issue...

Tax Transcripts – Why They Matter

Tax Transcripts are a critical component of tax preparation. They show the IRS what you have paid in taxes, and they can help to determine if you qualify for a refund or a balance due on your tax return. Tax transcripts also provide information...

Options For Tax Resolution

For most small business owners, cash flows are often tight, and there may come a time when you find yourself unable to pay vendors or suppliers, let alone your taxes. You may have been making timely payments but then an unexpected event has put you...

The 10-Year Collection Statute – Why It Is So Important

The 10-Year Collection Statute is one of the most important pieces of legislation that you need to be aware of. Essentially, this law states that any debt which has not been collected within 10 years can no longer be collected. This statute does not...

Tax Compliance – The Keys to Resolving your Tax Debt

Getting out of tax debt can be a daunting task. You may have incurred the debt because of an unforeseen circumstance such as unemployment, or you may have simply made mistakes on your taxes and owe more than you expected. Regardless of what led to...

IRS Collection Notices: What Do They Mean?

When you receive a notice from the IRS, it can feel like being pulled over by the police. But don't panic! If you are diligent about reading these notices and following their instructions, they may provide some relief to your worries. In this...

What to do with the IRS Final Notice

The IRS Final Notice is a letter that can be sent to you by the Internal Revenue Service if they have not received any response from you after, at most, four attempts. Typically, an IRS Final Notice is a notice that informs taxpayers of their tax...

How IRS Collection Works

The Internal Revenue Service, the agency responsible for collecting taxes in the United States, is a formidable machine. The IRS collects billions of dollars annually from taxpayers who are required to submit financial information each year on their...

What to Do if You Receive IRS Letter 3174

If you owe money to the IRS, you can count on letters from the agency showing up in your mailbox. But once you receive IRS Letter 3174—it's time to take note—as this is the last letter you'll receive before your bank accounts, wages or property is...

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