A bank levy is a nasty tool the Internal Revenue Service has at their disposal to use against taxpayers they believe owe them money. The Internal Revenue Service issues a levy notice to the person’s bank. This levy notice requires the bank to freeze the party’s assets for twenty-one days. If, for any reason, the … Read more
If the Internal Revenue Service has placed a tax levy on your wages, you need the help of a tax professional, now. The Internal Revenue Service can seize approximately 75% of your income out of every paycheck. How can you expect to survive on 25% of what you earn? It’s a proven fact that the … Read more
Article by Terry Price There is one topic which everytime I write about it seems to generatesome hate mail while at the same timespawning a flurry of wonderful praisefrom consumers. Of course, the hatemail is always from a few people thathappen to own these “certain types” ofbusinesses I discussed and thosebusinesses of course are CreditCounseling … 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
Article by David East If an investor wants to defer state and federal capital gains taxes, then they will often take advantage of The Internal Revenue Code 1031 (IRC 1031) property exchange, which allows them to exchange one property for another without paying those taxes. Of course, the properties must qualify as “like-kind” and the … Read more