When one thinks about IRS collections, 2 typical methods come to mind. An IRS levy and an IRS tax lein. Many have confused these as being the same, but, actually, they aren’t. An IRS tax levy is a seizure of

It has been stated that the middle class should not pay more than the millionaires and billionaires. Is it actually true that they do? On the average, the wealthy in America pay a lot more in taxes and at a

An IRS garnishment is a forceful process on the part of the IRS to grab your attention. This is a legal seizure of your assets in order to satisfy a tax liability. The Irs can levy your bank accounts, your

An IRS levy is a legal seizure of your personal property to fulfill your tax debt. The Internal Revenue Service will usually levy when they have assessed a tax amount and sent a “Notice and Demand for Payment”, the tax

“The Dirty Dozen represents the worst of the worst tax scams” IRS Commissioner Doug Shulman said. 1. Hiding Income Offshore The IRS aggressively pursues taxpayers involved in abusive transactions by avoiding or evading U.S. income by hidin

Now with the 2010 tax season over, some taxpayers would like to know where there taxes go. Here is a general breakdown of where your tax dollars go: 1. Social Security 20.6% 2. Defense 20% 3. Medicare 13.2% 4. Medicaid

With April 18th being right around the corner (there are 3 extra filing days this year because of a Canadian holiday), the following are 10 common errors to check for, before filing your return. 1. Missing or incorrect social security

Incomplete or sloppy returns. Make sure you sign your return. Check for math errors All names should match the SSN on the return Make sure you fill out all the required information. Check for any inconsistencies on the return. Un

With 2011 tax season upon us, I would like to highlight some of the changes that will affect many taxpayers. The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act”of 2010 and enacted Dec. 17 extended certain tax cuts fo

The Advocate expressed continuing concern that the IRS’s increasing use of hard-core enforcement actions, particularly tax liens, is inflicting unnecessary harm on financially struggling taxpayers. I have highlighted some of the issues brought b