The Internal Revenue Service (IRS) has several collection mechanisms it uses to collect unpaid taxes. Among these are tax liens and tax levies — both of which can hurt a taxpayer. However, understand that liens and levies are fundamentally different. While a lien is a...
Two common ways to stop the Internal Revenue Service (IRS) from collecting is by filing a Collection Due Process (CDP) hearing request or a Collection Appeal Program (CAP) request. Although these two mechanisms are similar, there are several important distinctions to...
The Internal Revenue Service (IRS) only has a limited amount of time to take action to collect your delinquent taxes. The Collection Statute Expiration Date (CSED) refers to the amount of time which the IRS has to collect the tax debt you owe. After this time period...
https://vimeo.com/891515488?share=copy A 2848 or a power of attorney form for the Internal Revenue Service is the first document that representation needs to file with the Internal Revenue Service in order to represent you before the service. It gives your...
The statute of limitations for the Internal Revenue Service (IRS) to collect the tax amount you owe is typically ten years. This IRS refers to this period as the “Collection Statute Expiration Date (CSED).” However, understand that various laws and actions can impact...
An Offer in Compromise is an agreement made between the taxpayer and the Internal Revenue Service (IRS) that settles a tax debt for an amount less than the amount of tax liability. If you have a legitimate doubt regarding the amount of tax you owe, you may be able to...
