What Assets are Exempt from the IRS Tax Liens and Levies?

When you have an outstanding federal tax debt, the IRS will may seize your assets to acquire the money owed

What to Do When You Receive an IRS Notice of Levy

Before the IRS can impose a levy on your assets or enact a wage garnishment, they first must inform you

What is the Difference Between a Tax Levy and Garnishment?

Two common collection actions taken by the IRS are tax levies and garnishments, but many people are confused as to

5 Ways to Stop an IRS Wage Garnishment

When you do not pay your federal tax debt, then the IRS has the right to take action to ensure repayment. One course of action they may take is to

Installation Agreement: Solution for Stopping an IRS Wage Garnishment

I’m Married with No Kids. Why Should I Set up a Payment Plan Rather than Just Letting a Wage Garnishment Continue? The IRS decides how much money to garnish based on your filing status and number of exemptions. A married couple that file together and have no children would have

What is the Difference Between a Tax Levy and Garnishment?

Two common collection actions taken by the IRS are tax levies and garnishments, but many people are confused as to the difference between the two. The reason for the confusion is simple: a garnishment is a special type of levy that is taken on your income. Most people refer to

Innocent Spouse Relief

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Does Having Federal Tax Debt Affect Your Credit Score?

Your credit score plays a significant role in your ability to buy a house, a car and other big-ticket items for which you might need to take out a personal loan or line of credit. It also affects your ability to open credit cards and/or receive a decent interest rate. Therefore, it is important to do what you can to

Affected by the Recent Houston Storms and Worried About Filing a Late Tax Return? Don’t Be

Everyone had a few extra days to file a tax return this year, since Tax Day was April 18 in 2016 due to the celebration in Washington D.C. of Emancipation Day. Those affected by the recent storms in the Houston, Texas, area have been granted an additional extension to file and pay their taxes by the IRS until September 1,

What to Do If You Miss the Deadline to File and Pay Your Taxes

It can be so easy to get busy and discover that it is already late April and you have not submitted your tax return or paid your taxes. Even if you have requested an extension on filing your tax return, the IRS still expects you to pay an estimate of your tax liability. If you find that you somehow missed