IRS Tax Levies - How to Fix a Tax Levy In my last post, I talked about what property the IRS tax levy can reach. You can find that and prior posts on tax levies here and here. In this post, I will discuss how to fix a levy if you are so unfortunate as to be subject to one. Just as a … [Read more...]
IRS Tax Levies – What Can the IRS Seize?
IRS Tax Levies - What Can the IRS Seize? In my last post, I introduced some of the basic issues that arise when the IRS decides to take more aggressive collection action against taxpayers. You can find that post here. Here is the cliff notes version: IRS does not seize assets willy nilly. If … [Read more...]
IRS Tax Levies – What Are They?
IRS Tax Levies - What Are They? Tax Levies - What Are They and How Do They Compare to a Tax Lien An IRS tax levy is a legal seizure of your property by the IRS to pay down your tax debt. Do not confuse a tax levy with a tax lien. An IRS tax lien is a legal claim against your property to secure … [Read more...]
Innocent Spouse Relief – Five Traps to Avoid
Innocent Spouse Relief - 5 Traps to Avoid Transfer of Assets The first and biggest trap in regards to innocent spouse relief is receiving assets from your spouse or former spouse. In some cases, you may either be denied relief or have the amount of relief reduced based on property you may have … [Read more...]
Innocent Spouse Relief – What is Injured Spouse Relief?
Innocent Spouse versus Injured Spouse What is the Difference between Innocent and Injured Spouse We spoke a bit in an earlier blog post about innocent spouse relief. Injured spouse relief is a different kind of relief. Often confused, these two similar sounding relief provisions have two … [Read more...]
Innocent Spouse Relief – How Much Relief Do I Get?
Innocent Spouse Relief - How Much Relief Do I Get? In my previous post, I discussed the three types of innocent spouse relief. Now, I want to talk a bit about how tax debts are allocated if you obtain relief. In some cases, it may be a better idea to use other tax resolution tools to obtain … [Read more...]
Innocent Spouse Relief – Types of Relief
Types of Innocent Spouse Relief We talked previously about what innocent spouse is and how it works. Now we can discuss the three types of relief you can request. As you can guess by now, nothing is quite so simple when it comes to taxes. I will do my best to guide you through each type. The … [Read more...]
Innocent Spouse Relief – When to Request Innocent Spouse Relief Video Post
Innocent Spouse Relief - When to Request Innocent Spouse Relief - Video Post When Should You Request Innocent Spouse Relief? Contact Us I am Maine’s IRS Problem Solver. My firm helps Maine taxpayers in trouble. If you or someone you know in Southern Maine wants more information on how to … [Read more...]
Innocent Spouse Relief – When to Request Innocent Spouse Relief
Innocent Spouse Relief - When to Request Innocent Spouse Relief When Should You Request Innocent Spouse Relief? In my previous blog post, I provided a quick overview of what innocent spouse relief is and what it is intended to do. Here I will be discussing when you should consider requesting … [Read more...]
Innocent Spouse Relief – What Is It?
Innocent Spouse Relief – What Is It? What is Innocent Spouse Relief? Before getting into what innocent spouse relief is, let’s start with the problem innocent spouse relief is supposed to solve. When a married files a joint return, both are agreeing to be jointly liable for the tax debt. This … [Read more...]
