Receiving a notice from the IRS can be stressful, especially when the letter mentions possible levy action or warns that the government may begin collecting unpaid taxes. Two notices that frequently cause confusion are the CP504 and LT11. While both relate to unpaid tax debt and potential […]
What To Do If You Receive IRS Notice CP14
Receiving an IRS Notice CP14 can be stressful, but understanding what it means and how to respond is the first step toward resolving the issue. This notice is the first formal communication from the IRS indicating that you owe unpaid taxes. Ignoring it could lead to additional penalties […]
What Is an IRS LT11 Notice?
Receiving a notice from the IRS can be stressful, especially when the letter references possible collection actions. An IRS LT11 Notice is generally issued after the IRS has already sent several previous notices regarding an unpaid tax balance and has not received payment or a satisfactory response. Because it serves […]
IRS Collection Process Explained: From Notice to Levy
If you owe back taxes, understanding the IRS collection process can help you avoid costly enforcement actions and make informed decisions about resolving your tax debt. The IRS does not typically jump straight to wage garnishments, bank levies, or property seizures. Instead, […]
What You Need to Know About the Tax Underpayment Penalty
Taxes are an essential part of a functioning society, providing the government with the necessary funds to provide public services. However, when it comes to paying taxes, many individuals and businesses may find themselves making mistakes or underestimating their obligations. This can […]
How Much Can the State Garnish Your Wages?
Wage garnishment can be a frightening experience, especially when you suddenly discover that a portion of your paycheck is being withheld to pay a tax burden. Whether the burden stems from unpaid state taxes, child support, student loans, or a court judgment, wage garnishment can significantly impact your finances […]
How to Spot a Fake IRS Letter or Phone Call
Each year, thousands of taxpayers fall victim to scams impersonating the IRS. These scams come in the form of letters, phone calls, emails, and even text messages, and they’re designed to exploit fear and confusion, especially during tax season. Knowing how the IRS actually communicates with taxpayers is one […]
IRS Collections: How Can a Tax Attorney Help Me?
IRS collections can quickly become overwhelming once notices begin escalating and penalties start accumulating. Many taxpayers eventually ask the critical question, how can a tax attorney help me when dealing with IRS debt and enforcement actions. A tax attorney is a licensed legal professional who specializes in […]
What is the IRS Collection Statute of Limitations?
They say that death and taxes are the only two certainties in life. However, taxes are only collectible for so long. The IRS Collection Statute of Limitations is a critical aspect of tax law that often confuses taxpayers and professionals alike. This […]
What is Reasonable Collection Potential (RCP)?
If you owe back taxes and are exploring ways to resolve your debt, understanding reasonable collection potential (RCP) is critical. It is one of the most influential and often misunderstood factors the IRS uses when determining how aggressively to pursue collection and whether to […]