Key TakeawaysFederal law protects you from being fired because of an IRS wage levy. A tax levy takes from your wages. A federal tax lien secures the IRSās claim against your property. A wage levy can still create workplace tension and cash flow problems,...
Key TakeawaysYour federal tax refund can be taken to pay certain debts, including past-due federal taxes, state taxes in some cases, child support, and other qualifying government debts through the Treasury Offset Program. Private creditors generally cannot...
Key TakeawaysIf you havenāt filed in years, penalties and interest continue to build, and the IRS may eventually file a return for you using the income information they have. Getting back into good standing means filing the last six years of returns, though some...
Key TakeawaysThe IRS cannot take money you need for basic living expenses if doing so creates economic hardship You have the right to force the IRS to consider your actual financial reality There are legal resolutions that can stop collections, even if the...
Key TakeawaysAvoid preparers who promise large refunds or charge fees based on a percentage of your refund Verify credentials and representation rights. Only CPAs, Enrolled Agents, and tax attorneys can represent you in all IRS matters Confirm they have a...
