Owing the IRS

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How to File Innocent Spouse Relief Form 8857

When you’re filing a joint tax return with your spouse, you both share responsibility for the tax return and your resulting tax bill. This can...

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What is the Punishment for Tax Fraud?

Tax fraud is a serious crime that can result in individual taxpayers or those representing corporations being sentenced to prison time or paying massive fines....

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IRS Gamblings Winnings Tax Bill? Here’s What to Do Now

Facing an IRS Tax Bill for Gambling Winnings? Whether you got lucky on a rare night out or you gamble regularly and happened to strike...

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IRS Notice of Intent to Offset

Do you owe money to the IRS? Have you failed to pay off your tax balance, and it’s been a few months? If so, you...

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The Essential Guide to a Successful Offer in Compromise – Form 656

If you’re trying to figure out how to deal with your unpaid taxes, you’ve probably come across the IRS offer in compromise or OIC. This...

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IRS Form 433-B: How to Complete for Businesses

If you want to set up a payment plan for your business’ back taxes owed, you may need to complete a Form 433-B. This collection...

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Tax Lien Subordination for People With Back Taxes

A federal tax lien can damper your ability to secure credit and your freedom to use your assets as you choose. However, lien subordination can...

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Can the IRS Freeze My Bank Account?

How Much Can They Take and What to Expect Originally Published September 2021. Updated October 2024. There are few things more jarring than realizing that...

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How to Discharge an IRS Tax Lien & Form 14135

Having a lien on your property can make it very difficult to sell the property, transfer it, or use it as collateral for another loan....

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When Does the IRS Garnish Wages & How to Prevent

When you fall behind on your tax obligations, the IRS has the authority to take a portion of your paycheck in the form of wage...

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