Tax Matters - The Top Tax Defenders Blog

Tax problems create anxiety and a wish to bury your head in the sand, hoping everything will disappear. You don’t have to feel that way. You have many options to resolve your tax issues and solve any tax problem you might have.

The IRS says if there is a federal tax lien on your home, you are required to satisfy it before you can sell or refinance.  The presence of other types of liens can make a home sale challenging, too. While it is possible to sell your home when you have a lien against the property, you are much better off paying your tax debt or other lien debt. 

The scariest thing people consider when they owe back taxes is that the IRS will take their house. While it isn’t untrue, it’s still relatively rare for the federal government to seize property, particularly real estate. 

Have you ever tried to get money out of your bank account only to find your account was frozen? You may have been under a bank levy. Bank levies are a tool for collecting on a debt. It sounds counterintuitive that a frozen account would help you pay the debt, but the account is only inaccessible to you.

Tax resolution — it sounds like something you make before a new year only for taxes, doesn’t it? Actually, tax resolution services are what you need if you have to resolve an issue with the IRS.

So you can’t pay your taxes. Don't start worrying about getting in trouble with the IRS yet. Did you know the IRS will let you set up a payment plan? That’s right, the IRS has lay-away! Well, not quite. You don’t get anything back when you pay your bill off except for the knowledge you are in good standing with the feds. 

COVID-19 has been at the center of our lives for more than a year. To help with the financial impact of the pandemic, the federal government has passed several laws aimed at providing financial aid to those struggling. But how do these laws affect your taxes? How can you take advantage of new financial relief options?

One of the easiest ways to get in trouble with the IRS is by committing tax evasion. Just the words - Tax Evasion - sound like they should be accompanied by those tonal beats from Law and Order. 

Sometimes you need a little help with your taxes that a preparer or CPA can’t help you with. A tax attorney, on the other hand, fits the bill nicely. Taxes, like most other legal issues, are complex bordering on absurd. It takes someone with experience and the right skills to help you hack your way through the jungle of rules, regulations, and other entanglements.

If your tax bill is too hefty for a single payment this year, you have options. The IRS can offer you an installment payment plan to help you spread your payments out over a number of months. While it's stressful to have tax debt of that magnitude, an installment agreement can make it more manageable.