1031 exchanges can prove very useful. Every day, real estate investors exchange out of investment or business properties for like-kind properties while deferring capital gains all thanks to Internal Revenue Code Section 1031. The exchanger, of course, is restricted from immediately getting the sale proceeds; they go into an escrow fund maintained by a qualified … Read more
With an IRS bank levy, the IRS will contact your bank and freeze your bank account. After 21 days, your bank is required to send the funds plus interest. In many cases, the IRS may not levy your bank account and instead levy your wages. If you have enough money in your bank account to … Read more
Home mortgage loan is availed to purchase a home and once the home is yours the only thing you need to ensure is that the monthly payments are made on time and regularly so that the entire loan is paid off and the home is yours forever. But when it becomes difficult to pay … Read more
If you dispute an Internal Revenue Service decision regarding collection of tax money, you have the right to appeal. To get to this point, you would have received an IRS notification of audit and you would have already gone through such an audit. If you disagree with the IRS determination or certain other aspects of … Read more
IRS Back Taxes Payment Plan Surprisingly, establishing a repayment schedule with the Internal Revenue Service is comparatively easy. This can be done all on your own should you believe you are sure of what you really are carrying out. Otherwise, you really should employ an IRS tax attorney or tax professional in order to show … Read more