How to stop the IRS from seizing your property
OBVIOUSLY, the easiest way in stopping the IRS from seizing your property or rights to property is by paying the taxes you owe. In today’s economy, however, it is not…
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How to avoid taxes in case of foreclosure, short sale or loan modification
As we all know, the recent global financial crisis has forced thousands of homeowners to give up their homes through foreclosures. To make matters worse, these homeowners had to contend…
IRS collection enforcement on unpaid taxes
The IRS has different ways of collecting unpaid taxes. After collection notices prove ineffective, more drastic collection enforcement – ranging from imposition of federal tax lien on personal and real…
Eliminating tax debts through bankruptcy
Another weapon in the taxpayer’s arsenal that stops the IRS in its tracks is bankruptcy. The filing of a bankruptcy petition will generally stop the IRS from collecting your tax…
How to pay your taxes by installment
PREVIOUSLY, I discussed ways on how to request the IRS to reduce your tax liabilities, which is accomplished by means of an Offer in Compromise (OIC). In this article, I…
Asking IRS to reduce your tax debts
IF YOU owe a huge amount of taxes and are experiencing financial difficulties, don’t despair as there are remedies under the law which will help you avoid paying the whole…
What happens if you did not file a Tax Return?
By this time most of you must have filed your 2011 tax returns already, as the filing deadline on April 17 had long passed. But if you are among those…
Taxpayer rights
WITH the immense powers that the government wields over individuals, the founding fathers included in the United States Constitution the Bill of Rights to limit the exercise of governmental powers….