What is a Tax Levy? A levy is a creditor’s right to claim property, assets, or accounts in order to satisfy a debt. Tax levies specifically are a tool used by the IRS when all other attempts at convincing a taxpayer to take care of their outstanding balance have failed. So, what is a tax …
Author Archives: Heartland Tax Solutions
How to Remove a Federal Tax Lien
How to Remove a Federal Tax Lien If the IRS determines that you have a hefty unpaid tax bill, and you fail to negotiate a payment plan with them or pay the debt back in full, they are eligible to place a federal tax lien on your property. In this article, you will discover how …
What is a Tax Audit?
What is a Tax Audit? A tax audit can be an extremely difficult process without an experienced tax professional. If you receive notice that the IRS is auditing your taxes, a professional may be able to help you file an audit reconsideration. In this article, we’re exploring one of the most common questions we hear …
How to Setup a Payment Plan with the IRS
How to Setup a Payment Plan with the IRS If you owe the IRS money but can’t afford to pay the full amount, you may be interested in setting up an IRS installment agreement. In this article, we’re taking a closer look at how to setup a payment plan with the IRS. How to Setup …
Will the IRS Take a Settlement?
Will the IRS Take a Settlement? If you owe the IRS more money than you can afford to pay, you may be wondering … will the IRS take a settlement? If you have any outstanding tax balance with the IRS, they expect you to go above and beyond to pay them back. To that end, …
How Often Does IRS Accept Offer in Compromise?
How Often Does IRS Accept Offer in Compromise? If you’re unable to pay the amount of your tax debt, you may be interested in exploring an offer in compromise as an alternative. So, how often does IRS accept offer in compromise? How Often Does IRS Accept Offer in Compromise? Struggling with tax debt is stressful, …
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Can You Negotiate a Settlement with the IRS?
Can You Negotiate a Settlement with the IRS? If you owe money to the IRS, you may be interested in negotiating a smaller payment. This can help save you money as you resolve the debt. In this article, we’re taking a look at one of the most common questions we receive – can you negotiate …
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