How to Appeal a Federal Tax Lien

By Top Tax Staff

Have you received IRS Letter 3172, Notice of Federal Tax Lien Filing and Your Right to a Hearing under IRC 6320? That means the IRS has determined you owe a tax debt, which you have neglected or failed to pay. Now they put a lien on your property so you can’t sell or refinance any of it until you pay up or make a deal.

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What You Should NOT Do If You Owe the IRS

By Top Tax Staff

If you owe the IRS money, you should trust that they know about it and are expecting prompt payment. The agency is not known for backing down when there's tax money to be collected, and you shouldn't count on qualifying for an offer in compromise to reduce your tax bill.

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Heads Up! The Tax Filing Extension Deadline Approaches

By Top Tax Staff

It’s October. Do you know what that means? If you filed for a tax extension earlier this year, it’s time to file your taxes. And If you haven't spent the last few months doing so, you need to get all your supporting documentation together, get your taxes calculated, and file the whole thing by the middle of this month to avoid penalties and additional interest.

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What Happens If I Haven’t Filed Taxes in over Ten Years?

By Top Tax Staff

Not filing taxes for several years could have serious repercussions. Not only can the IRS stop you from applying for a passport or a mortgage, but they can also create a Substitute for Return against you, charge you for failure to pay, or charge you for failure to file.

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Notice of Deficiency from the IRS? Don’t Panic: Here’s What You Can Do

By Top Tax Staff

Receiving mail from the Internal Revenue Service is enough to make anyone’s knees quiver. It almost always means you owe more money to Uncle Sam for one reason or another. In the case of a Notice of Deficiency, formally known as CP3219A, it means that the information you provided with a tax return does not match up with the information a third party sent, like a bank for an employer.

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What REALLY Happens if You Don't File Your Taxes

By Top Tax Staff

If you somehow missed all the clues that Tax Day was April 15 (every year), or all the specials from tax preparers running up to this year’s Tax Day, you may be wondering what to do now.

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The Risks of Missing the October 15 Extended Tax Filing Deadline

By Top Tax Staff

The IRS gives taxpayers until April 15 to file and pay their federal income taxes. People who cannot make this deadline to file can request an extension until October 15 by filling out and submitting IRS Form 4868. This extension will grant taxpayers extra time to file their returns. They must pay their estimated amount of taxes by the April 15 deadline, however.

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The Top Ten Ways to Remove an IRS Levy

By Top Tax Staff

The IRS utilizes a number of collection activities to recoup debts that taxpayers owe to it. Among them, tax levies are many times the most difficult with which to cope.

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Texas Wage Garnishment: How Much Money Can My Employer Take?

By Top Tax Staff

Creditors generally have a variety of options to collect on debts owed to them. Among them, wage garnishment is one that is used the most often to get money from debtors.

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An Employer's Guide to IRS Wage Garnishment

By Top Tax Staff

As an employer, you are required to follow precise state and federal laws when paying your employees. Along with paying them what they have earned, you also must withhold amounts from their paychecks whenever your employees are garnished. You can comply with a garnishment order fully by understanding what it is and under what circumstances the state or federal government requires you to withhold money from your employees' earnings. 

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