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If Your Wages are Being Because of IRS Tax Debt We Can Help
Is the IRS threatening wage garnishment? Do not ignore these letters...
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Is the IRS threatening wage garnishment? Do not ignore these letters...
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Have you been avoiding the IRS? This is a common thought trap that many taxpayers get stuck in. They get in a financial rut and have just enough, or worse not enough, to make ends meet. They ignore the IRS notices and soon begin getting collection notices instead of requests. These notices, if ignored, can quickly spiral into wage garnishments, asset confiscation, liens, and levies. When it comes to collecting debt owed, the IRS takes it very seriously. Dealing with the IRS can be confusing and intimidating. Many have the inclination to ignore it and hope it goes away. In all honesty there...
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Owe Back Taxes? If you owe a debt to the IRS for past taxes remaining unpaid, they will make every effort to collect from you willingly. They will send notice after notice. If you do not respond with payment or arrange a payment plan, things can get ugly. If you own property of any kind that is considered an asset it is free game for the IRS to use it as leverage against you in order to attain payment. They may come after your assets by placing either a lien or a levy. The Difference Between a Lien and a Levy Both forms of...
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What is PRO SE? Pro Se is the Latin for on one’s own behalf. It is the legal terminology for self-representation inside of a court room. While you do have every legal right to choose that option it has long been said that those who represent themselves have a fool for a lawyer. That doesn’t mean that you aren’t an intelligent person or capable. It is just that law and especially tax law in this case, is constantly evolving and changing. Unless you have dedicated your profession to studying the laws and keeping abreast of updated case law, you likely do not...
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Do you owe back tax debt? The IRS takes back taxes very seriously. They only give so many chances, requests, and warnings before they start coming after your assets. This can be though wage garnishment or even seizing your bank account, putting liens on homes and repossessing cars. The IRS does not play around. They are the biggest collection agency in the USA and as they are a government entity, there is no recourse other than to deal with them and come to terms. What is an IRS installment agreement? An IRS installment agreement is a payment arrangement in which the IRS...
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If you fail to pay payroll taxes (941 taxes), you could be facing penalty and interest charges. Payroll taxes from each employee are comprised of a combination of FICA withholdings and federal income tax. Here in Florida, unlike many states, we do not have a state income tax. These taxes are held in trust on behalf of the employee and sent into the IRS. Should an employer fail to report and send the funds to the IRS harsh penalties can be incurred. The IRS takes payroll tax very seriously and it is collected and penalized. Payroll and Federal Employment Tax Delinquencies are assessed...
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If you owe back or current taxes, you are unable to pay to the IRS it would be wise to work with a qualified tax attorney who can help you navigate and negotiate with them. Tax law changes frequently and with thousands of pages of tax code trying to do it yourself can be a stressful nightmare. The last thing you want to do is make a mistake that can cost you. What is an Offer in Compromise? Just as the name implies it’s a legal way to bargain with the IRS. An offer in compromise (OIC) is an agreement between you, the...
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If you have found yourself in the situation where you are unable to pay back your tax debt it can be beneficial to work with a tax attorney to get the IRS to place your account in a CNC status (Currently Not Collectible). Ignoring the debt and the resulting problems will only snowball. It is best for you to take care of it as soon as you know you will be unable to provide payment. Your Naples tax attorney from Babbitt Tax Attorneys work with you to determine your eligibility for a CNC status. After an evaluation of your financial situation is...
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Do you have past due taxes that need to be filed or paid? - We can help. The least complicated way to do your taxes is yearly, paying or collecting at the time of filing depending on your tax situation. We know there are many reasons why people cannot or do not file, but whatever the reasoning – the outcome ends up the same. The IRS believes that you owe them money and they will do what they need to do to collect. The consequences of not filling can be added penalties that just keep piling up, interest added, and in cases...
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The IRS and paying tax are difficult enough as a single entity. When you join forces and become legally married it can multiply the complications especially if one party owes the IRS. The innocent spouse rule allows a taxpaying spouse to avoid a tax obligation arising from errors made by their spouse on a joint return. Most often, the errors involve unreported income, past taxes owed, or an inflated deduction. The injured spouse in the case must apply for relief within two years of the IRS initiating collection or at the onset of the legalized marriage. You qualify if: You were/are married and filed...
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