Being Audited by the IRS | IRS Audit Procedures | Legacy Tax & Resolution Services
Being Audited by the IRS | IRS Audit Procedures | Legacy Tax & Resolution Services An IRS audit is a review or examination of an organization’s or individual’s returns and supporting information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. In most […]
IRS Just Sent Me a Form 668W – What Do I Do?
IRS Just Sent Me a Form 668W – What Do I Do? The IRS has a series of Levy/Lien forms, each has its own level on the stress gauge. Check out the links to learn more: Form 668A, Notice of Levy on Accounts Receivable, Bank or a Financial Institution– Freezing of the funds held […]
IRS Just Sent Me a Form 668A – What Do I Do?
IRS Just Sent Me a Form 668A – What Do I Do? The IRS has a series of Levy/Lien forms, each has its own level on the stress gauge. Check out the links to learn more: Form 668A, Notice of Levy on Accounts Receivable, Bank or a Financial Institution– Freezing of the funds held […]
Will an Offer in Compromise Stop a Levy? | Tax Levy | Legacy Tax & Resolution Services
Will an Offer in Compromise Stop a Levy? | Tax Levy | Legacy Tax & Resolution Services HOW TO STOP AN IRS LEVY WITH AN OFFER IN COMPROMISE At least once a week one of our Tax Attorneys or Certified Tax Resolution Specialists speaks to a panicked taxpayer asking us how to avoid, stop or […]
Wage Garnishment Exemption | Exempt From Garnished
Wage Garnishment Exemption | Exempt From Garnished If you owe back taxes to the IRS or State, the taxing authorities can use a wage garnishment is a to recover the money. The IRS or State Taxing Authorities are able to garnish your wages without a court order on federal or State taxes owed. They […]
IRS Audit Representation | IRS Audit No Receipts | Legacy Tax & Resolution Services
IRS Audit Representation | IRS Audit No Receipts | Legacy Tax & Resolution Services An IRS audit is a review or examination of an organization’s or individual’s returns and supporting information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. In most cases, […]
What Do You Need To Know If The IRS Has Seized Your Bank Account?
What Do You Need To Know If The IRS Has Seized Your Bank Account? If you owe a debt to the IRS and do not take steps to resolve your tax problems, the IRS will take the following actions (one by one, or all at once); Garnishing your wages. The IRS can take a specific […]
What About DIY Tax Resolution?
DIY Is Good for A Clogged Drain, But May Not Be Your Best Option for Tax Resolution In an age when society is hooked on everything DIY, we are trained to find ways to do things without needing assistance or services from another party. The proliferation of YouTube videos about a range of topics from […]
Will You Benefit from Biden’s Student Loan Relief?
Article Highlights: Relief Amounts Income Limitations Dependents of Another Pell Grant Recipients Repayment Pause Monthly Payment Reduction Cancellation of Debt Income On August 24, President Biden announced a three-part plan to deal with student loan debt which includes, among other things, $20,000 in loan relief to borrowers with loans held by the Department of Education […]
So, What Exactly Can the IRS Take?
So, What Exactly Can the IRS Take? The IRS must provide a series of notices if a debt is owed. Those notices culminate in the Final Notice of Intent to Levy. The taxpayer has 30 days to formally object to collections and suggest a collection alternative. Once the 30 days has expired the taxpayer […]