IRS Final Notice of Intent to Levy. Now What? In my prior post, I described how the IRS bills taxpayers. One of those dreaded letters is the final notice of intent to levy. If you see the following line on your IRS notice, sit up and take notice: Intent to seize your assets and notice of your right … [Read more...]
New Video: What to Do If You Cannot Pay Your Taxes
What to Do If You Cannot Pay Your Taxes?! I prepared a video, something I intend to do more of, discussing the first thing you need to understand if you cannot pay your taxes: get current. Current compliance is very important when dealing with the IRS (and Maine Revenue too) and in this video I lay … [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...]
