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Stop an IRS Tax Levy

Of all the creditors or companies, you might owe money to, the Internal Revenue Service can be the least forgiving about debt. If you don't pay your taxes, the IRS will levy and take possession of…


1040 form with bitcon and ACT-E designation-jeffrey schneider

I Didn’t Report My Crypto Trades On Prior Year's Tax Return?

What Do I Do? I Didn’t Report My Crypto Trades On Prior Year's Tax Return? In 2014 the IRS determined that cryptocurrency was property for tax purposes. There are well-established rules for how to…


F is for First Time Penalty Abatement-erasing tax problem- sfs tax problem solutions

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…


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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…


1040 form- D is for DebtRelief-sfs tax problem solutions

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…


C is for Currently Not Collectible

C is for the Currently Not Collectible Status from the IRS Big companies are known for getting all sorts of breaks, but when average people fall behind, they rarely receive help. When you owe back…


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B is for Back Taxes

Owe Money to the IRS? It’s Called Back Taxes Back taxes refer to taxes owed from a prior year. A taxpayer may be behind in paying taxes for intentional or negligent reasons. Some of these…


1040 forms-A is for Appeals

A is for Appeals

IRS Appeals An unexpected envelope from the Internal Revenue Service is never a good thing. It’s never pleasant, but any letter that you receive should not be ignored, especially if you…