Guide to IRS Payment Plans or Installment Agreements
The Basics of IRS Payment Plans or Installment Agreements IRS installment agreements, also called IRS payment plans, are offered to taxpayers looking for a way to pay their tax to the government in monthly amounts. Installment agreements are among the most popular programs requested by clients at our Atlanta CPA firm. There are several variations […]
Currently Not Collectible (IRS Hardship Program)
IRS Hardship Program It is a regular occurrence that we see clients in our accounting firm who owe taxes to the IRS that they cannot afford to pay. Sometimes it is a tax bill for one year. Frequently it is a tax bill for multiple years. Either way, the IRS offers a number of solutions […]
Federal Tax Lien in 2022
IRS Tax Liens: The Basics If you owe money to the IRS, then there is already a tax lien against you. A federal tax lien comes into effect when a tax liability is assessed and the taxpayer does not pay the amount in full. The lien attaches to all of the taxpayer’s assets, including assets […]
Tax Debts: Post-Covid Update
In response to the economic fallout from COVID-19, the IRS suspended attempts to collect back taxes through liens, levies, seizures and other methods. We have learned that the IRS is now restarting the collection of back taxes. There are already more than 25 million taxpayers in America that are in trouble with the IRS, and […]
IRS Tax Relief in 2021
IRS Payment Plans, Tax Liens, Tax Transcripts and More: Navigating the Tax Relief Maze. IRS tax relief includes more than just resolving back taxes. It includes filing missing returns, reconstructing accounting records, interpreting the statute of limitations, analyzing arcane IRS transcripts and the pain and embarrassment of dealing with the IRS. Which way should you […]