When a business withholds payroll taxes from employees’ wages, it is legally required to remit those funds to the IRS. These taxes include income tax withholding, Social Security tax, and Medicare tax, which are referred to as “trust fund taxes” because the employer holds them in trust before depositing them with the government. If a [...]
Receiving a notice from the IRS can be an intimidating experience, especially if you have unfiled tax returns. Many people fear that they could be arrested or even sent to jail for failing to file their taxes. While the IRS does have the authority to impose criminal charges in some cases, imprisonment for tax-related offenses [...]
Receiving a Form 668-W from the IRS indicates that a wage levy is being imposed to collect outstanding tax debts. This form notifies employers to withhold a portion of an employee's wages, including salary, commissions, and bonuses, to satisfy the tax liability. Understanding the responsibilities and steps for both employers and employees is crucial in [...]
If you've been asked by the IRS to complete Form 433-F, Form 433-A, or Form 433-B, it's essential to understand their purposes and how they impact your tax situation. These forms, collectively known as Collection Information Statements, help the IRS assess your financial status to determine appropriate payment arrangements for outstanding tax debts. Understanding Forms [...]
If you’ve been hit with IRS penalties, you’re probably wondering whether there’s any chance to have them reduced or removed. The good news: under certain circumstances, the IRS may agree to waive penalties and related interest. This process is known as penalty abatement, and it’s a tool that both individuals and businesses can use to [...]
If you’ve received a notice from the IRS threatening to levy your bank account, garnish your wages, or seize your property, you may feel overwhelmed—or even powerless. But there are effective, legal ways to stop these collection actions and protect your financial stability. The key is acting quickly, staying informed, and working with a tax [...]
Dealing with the IRS is never easy—especially when you're facing back taxes, penalties, or mounting interest you can’t afford to pay. Many taxpayers, unsure of how to proceed, attempt to negotiate with the IRS on their own and end up overwhelmed, under-informed, and pressured into payment plans they simply can’t sustain. If you’re in this [...]
You’ve probably seen them: late-night or daytime TV commercials promising to "settle your IRS tax debt for pennies on the dollar." These ads often feature dramatic testimonials or urgent messages suggesting the IRS is handing out easy tax forgiveness—if you just call now. But how much of this is real, and how much is misleading [...]
