Possible IRS Challenges during the 2020 Tax Season
Acting National Taxpayer Advocate Bridget T. Roberts reported that the IRS is among the lowest-performing federal agencies in providing a positive customer experience. In her 2019 Annual Report to Congress, she noted several issues affecting the IRS in providing a positive consumer experience and outlined some of the issues taxpayers can look out for in the coming 2020 tax season. We’ve highlighted the top five...
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Settle Your Commercial Tax Debt With The IRS
How To Settle Your Commercial Tax Debt Tax debt. The word “debt” alone isn’t a desirable situation for anyone to be in. The good news is that there is a chance you can settle for less than what you owe which is known as Offer in Compromise (OIC). You’ll have to contact the IRS to see if you qualify for an OIC, however this option...
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What You Need to Know About IRS Wage Levies or Garnishments
The Truth About IRS Wage Levies & Wage Garnishment If you owe the IRS money for back taxes, the agency has the right to take funds right out of your paycheck. This is called an IRS wage levy or garnishment and is a very commonly used method for collecting back taxes. Your wages will continue being garnished until your entire tax debt is paid, including...
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How Minnesota Collects Back Taxes
How You Can Get Tax Relief in Minnesota The Minnesota Department of Revenue is responsible for collecting taxes from individual residents, businesses, organizations and other entities in accordance with the Minnesota State tax laws. The funds collected from taxpayers pay for the public services provided by the state. Residents of the State of Minnesota for the most part must pay their income taxes by April...
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IRS and State Tax Payment Plan Guide
If you owe a federal or state tax debt and are unable to pay off the entire amount of the liability, you may be able to enter into a payment plan with the IRS and/ or the state you owe the debt to. A payment plan agreement gives you the opportunity to pay off your debt over a specific period of time making monthly payments....
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