Tax Relief Archives - Clergy Tax Resolution

What is a Levy? IRS and Other Asset Levies Explained

Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what…

by justdigital

Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble

Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble.…

by justdigital

Penalty Abatement November 20, 2020

A penalty abatement is a reprieve that helps you to avoid the fines imposed on you for not filing your taxes or failing to pay them. As the name suggests, only one reprieve will be granted, and it must be for the tax year you are applying for. It can not be extended to fines of several years’ worth.

Wage Garnishment October 23, 2020

A wage garnishment is when a court imposes an order forcing your employer to deduct a certain amount of your salary and give it back to the person or institution to which you owe money until your debt is paid off.

Currently Not Collectible November 20, 2020

Being placed on the status of not currently collectible implies that the IRS has decided to avoid efforts to collect taxes back. This occurs after proof is obtained by the IRS that the taxpayer could not pay the tax debt owed. However, being put on currently not collectible status does not erase any tax debt owed to the IRS, nor is it an effort to settle tax debt.

Liens December 9, 2020

A lien is a claim or legal right against properties that are normally used to satisfy a debt as collateral. A creditor may be entitled to seize an asset that is the subject of the lien if the underlying duty is not fulfilled.

Payroll Tax Problems December 9, 2020

If you run a corporation and pay workers, payroll taxes will have to be dealt with. A discreet way to get into trouble with the IRS is to refuse to register and pay your payroll taxes, resulting in large fines from the IRS, and it can also be considered a federal crime.