G is for Garnishment
G is for garnishment. Wage garnishment is one of the most common types of garnishment. The IRS can garnish or legally seize any income you make to satisfy federal tax debt or taxes owed. Garnishments…
IRS Tax Relief Strategies
Three Tax Resolution Strategies Offered by the IRS Taxes are a fact of life, but tax problems aren’t. If you find yourself in tax trouble, the IRS has definitive guidelines for how to proceed in…
What Hat Do You Wear?
Why is resolving your tax problem on your own or preparing your business tax return an awful idea? Running your own business means wearing a lot of hats, from janitor and head of HR to client…
All About Cryptocurrency Tax Loss Harvesting
This article about Cryptocurrency Tax Loss Harvesting explains: what is tax loss harvesting how you can use this method to reduce your cryptocurrency tax liability One of the most effective ways to…
F is for First Time Penalty Abatement
F is for First Time Penalty Abatement The first time penalty abatement (FTA) waiver is an administrative waiver that the IRS may grant to relieve taxpayers from failure-to-file, failure-to-pay and…
2020, The Year You Deal With Your Back Taxes!
2020, The Year You Deal With Your Back Taxes! Deal With Your Back Taxes. According to the IRS, more than 13.2 million Americans owe back taxes. The majority of these cases involve amounts that seem…
E is for (Tax) Evasion
The Tax Resolution Alphabet -E is for (Tax) Evasion. Tax evasion occurs when a person or business illegally avoids paying their tax liability, which is a criminal charge that’s subject to penalties…
D is for Debt Relief
The Tax Resolution Alphabet – D is for Debt Relief If you are struggling with IRS tax debt and feel like it’s a hopeless situation, it may not be as awful as you think. The IRS Fresh Start…
