Yes, the amount of tax debt as well as the timing of the payment of debt are regularly negotiated with the IRS. These negotiations however, are not as simple as you often hear or read in advertisements that offer to settle your debt “for pennies on the dollar”. What often happens when people pay companies […]
While you would not want either one happening to you, there are big differences between a tax levy and a tax lien which should be understood. An IRS tax levy actually physically takes property you own to satisfy your tax debt, either in whole or in part with the Internal Revenue Service. A levy can […]
Yes, and when dealing with someone at the Internal Revenue Service it is important to know the difference between a revenue agent and a revenue officer and to know which one you are working with. A revenue agent is someone who audits the tax returns of taxpayers, whether individual or corporate returns. A revenue agent […]