Need Tax Help?
There are a number of reasons people need tax help. From questions about back taxes or unfiled tax returns to qualifying for tax relief, TaxRise is here to walk you through the process.
Learn more about your specific situation and what options are available to you.
A common way the IRS takes money from you when you owe taxes is through your wage. A Wage Garnishment is a court-ordered instruction that mandates your Employer to withhold a specific amount of your paycheck and have it sent to your debtors until the debt is paid in full.
By definition, a levy is a legal seizure of your assets or property in order to repay or satisfy a debt. While traditional levies require a collection agency to obtain a court order to move forward with levying debt, the IRS has the power to authorize levies to collect delinquent tax debt itself.
A tax lien is a public statement that the IRS has authority over or rights to assets because of your federal tax debt. This notifies creditors that the government has a legal right to your property.
Tax liens are often conflated with a tax levy, but there are many important differences between the two collection strategies.
Simply put, Back Taxes are taxes that still have a balance due or were only paid partially. It is possible for taxpayers to have back taxes at the Federal, State, or even Local levels. They can acquire and gain interest at a constant rate.
When a taxpayer knows that filing their taxes will result in a tax bill they cannot afford, it is natural to not file the taxes at all out of fear, however not filing your taxes is the worst thing that a taxpayer in tax debt can do for their situation.
An IRS notice is an official letter from the IRS to a taxpayer. There are a number of reasons you may receive a notice from the IRS. It could be that you missed a deadline or incorrectly filed your tax returns.
When you file for innocent spouse relief, you can be relieved of the financial responsibilities tagged on to you from your spouse. These responsibilities would include any taxes, interest, or penalties that resulted from your spouse improperly inputting on their tax return.
An IRS Audit is an in-depth investigation of your tax profile by the IRS. The IRS typically carries ten years of tax information on your tax profile and during an audit, the IRS can request documentation to support all filed claims that you have made on past tax returns.
Qualify today for a Fresh Start
Learn how easy it is to qualify for tax savings.