by Admin | Nov 7, 2019 | #TaxLife
As we mentioned in our article about expense standards during the collection process, the IRS generally collects information about your income and allowable expenses to determine how much you could potentially pay them each month toward back tax debt. Currently...
by Admin | Nov 6, 2019 | #TaxLife
It’s not uncommon for some families to have a few years where they did not file tax returns with the IRS for whatever reason. Sometimes people simply forget due to life events, or they feel that because they won’t be able to afford the tax debt the return...
by Admin | Oct 24, 2019 | #TaxLife
A statute of limitations is a length of time an authority figure can pursue a matter after the incident in question happened. If you’ve watched TV shows like Law and Order you may be familiar with the term in the legal sense, where crimes have various statutes...
by Admin | Oct 23, 2019 | #TaxLife
Any time you’re negotiating with the IRS about paying a tax debt — whether it’s to set up a payment plan based in income or to prove that you can’t afford to make payments — you’ll need to provide documentation to prove your income and...
by Admin | Oct 10, 2019 | #TaxLife
In cases where you’re not able to pay the entire balance due while filing your taxes, seeking an IRS installment agreement can be an ideal way to stay current with the IRS and avoid collection action. That last bit is one of the biggest advantages to set up an...
