Release a Frozen Bank Account

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

When the IRS levies your bank account, it can be a trying time. Most taxpayers do not know the appropriate actions they need to take to release a bank account levy. The IRS tax code is extremely complex, which can make it virtually impossible for someone who does not have tax law knowledge to (read on...)



The Pros and Cons of Hiring an Accountant to Do Your Taxes

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

Each year personal tax and accounting software becomes more efficient, which leaves the question of whether it’s worth hiring an accountant to do the work or to just invest in the software. The answer may lie in your specific personal situation. Here are a few pros and cons to hiring an (read on...)

Release an IRS Tax Levy

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

An IRS tax levy can put a great deal of stress on the finances of a household. Is there any way out? How long will this last? And will this IRS collection action ruin my financial status? It is important to become quickly informed on how to release an IRS tax levy. A qualified tax attorney can (read on...)

Why Did I Receive a Bank Levy?

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

Often, when a taxpayer discovers the IRS has placed a bank levy on their accounts, they are at a loss to understand why. If you are dealing with a bank levy, it is important to understand why the action occurred. There is an IRS tax collection process that precedes the use of this measure. By (read on...)

What is a Tax Levy?

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

When you do not pay your tax obligations, the IRS can legally pursue severe financial action to secure a repayment. A tax levy is far more serious than a federal tax lien. A lien is a claim against assets. While a federal tax levy allows the IRS to seize your money and assets, such as property to (read on...)

Stop an IRS Wage Levy, Even If You Don’t Have the Money

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

When you are the victim of an IRS wage levy, you wonder how you are going to be able to get out of the situation you are in. It is a very frightening situation that many people have been in before, and there will be many more in the future. Because it is a common problem, there are ways you can (read on...)

Prevent an IRS Notice of Intent to Levy

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

When you owe back taxes, the stress is constant. Wondering when the IRS will catch up to you, Fearing financial turmoil, and then the day comes when that IRS “Notice of Intent to Levy” arrives in the mail. Preventing the Notice of Intent to Levy from becoming necessary is the key to (read on...)

IRS Bank Levy – What If it Isn’t Yours?

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

You’re married and you share everything. But are you willing to risk your personal financial assets – your wages, your retirement fund, the cabin in your name that has been in the family for 100 years? An IRS bank levy can threaten all these things. Do you really want to share the (read on...)

What is an IRS Bank Levy?

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

Tax debt can cause serious problems for taxpayers and their families. One of the most crippling is an IRS bank levy. When a bank levy is served, taxpayers will have their bank accounts frozen while the IRS sorts out the financial issues. During this process, people will not be able to access (read on...)

Inheritance Tax Insurance

July 31, 2010 by  | Leave a Comment Filed under: Taxes 

For many people, the most straightforward solution to an inheritance tax liability is to take out an insurance policy. This policy will be written into a trust so that when the person dies, their family will have enough money to be able to pay the tax bill. This post explains how these insurance (read on...)

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