Owing the IRS

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IRS Offer in Compromise Based on Doubt of Liability

If there is a legitimate doubt that you really owe the tax, the IRS may allow you to settle for less than owed. This option...

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Understanding IRS Summons and Form 2039: What You Need to Know

Dealing with tax issues is rarely straightforward, and receiving a notice from the IRS can feel like the weight of the world has landed on...

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IRS Revenue Officers: What They Do and How to Deal With One

Currently, there are around 2,300 Revenue Officers employed by the IRS and working on delinquent tax cases throughout the country. IRS Revenue Officers are high-level,...

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What is a CP40 IRS Notice?

If you receive a CP40 notice, that means that the IRS assigned your account to a private collection agency. If this happens, you can work...

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Saving Your IRS Payment Plan: IRS CP523 Guide

CP523 (Intent to Terminate Installment Agreement and Seize Your Assets) If you default on an installment agreement, the IRS will send Notice CP523. This notice...

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How to Sell a House with an IRS Tax Lien

Selling a house is never easy, but the challenges multiply when an IRS tax lien is involved. An IRS tax lien is a legal claim...

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What Is the Difference Between a Tax Lien and a Tax Levy?

Having a tax issue is always a stressful and unpleasant time, especially when the IRS starts taking action to collect unpaid debts. If you owe...

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Filing IRS Form 433-A: How to Complete and What to Know

IRS tax form 433-A is formally known as the Collection Information Statement for Wage Earners and Self-Employed Individuals. The IRS requires this document to verify...

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How Long Does the IRS Have to Assess Taxes?

The IRS can adjust your tax return and assess taxes against you, but generally, only for three years after you file. This deadline is called...

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How to Modify Your IRS Monthly Payment Plan

An installment agreement is one of the most convenient ways to get out of tax debt, but what if you need to make changes to...

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