Tax Matters - The Top Tax Defenders Blog

In 2019, the IRS received around 155 million individual tax returns. About 771,095 taxpayers got pegged for audit. While that shows slightly less than half a percent of a chance to be audited, it isn’t zero.

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.

Just what you need in the middle of the holiday rush — tax planning activities. 

Taxes may be the last thing on your mind this time of year, but think of it as a Christmas present to yourself that will make tax season a little easier. 

So, you need to amend a tax return. Well, we all make mistakes. And sometimes documents show up after you try to be proactive about filing your tax return. 

A tax crime is something more severe than neglecting (or forgetting) to file your tax returns. You aren't committing a tax crime if you can't pay your taxes in full. Those are issues that can cause your tax debt to collect penalties, fees, and interest. Still, they don't rise to the level of criminal activity.

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. 

ADP, a payroll services provider, reported that in 2017 one in fourteen American workers had wages garnished. 

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.