What Do All These IRS Collection Letters Mean?! The IRS is the collection arm of the US Treasury. If you've never paid all your bills on time, you know that you will very likely get a letter asking for payment. The IRS is no different. Collection letters from the IRS serve two purposes. One, the … [Read more...]
Your Passport May Be Revoked or Denied for IRS Back Taxes.
If You Love to Travel but Owe Back Taxes Your Passport May Be at Risk. You may be aware of it but the IRS the right to suspend your passport. All it takes is a tax debt of $51,000, to included interest and penalties. Your vacation cruise or trip to Paris may come to a screeching halt unless you … [Read more...]
Video: How the IRS Collects Back Taxes
How the IRS Collects Back Taxes I posted a video on my youtube channel about the IRS collection process. If you owe back taxes, you need to understand how the IRS goes about collecting it from taxpayers. As the old G.I. Joe cartoon said, "Knowing is half the battle." Listed below is the steps … [Read more...]
