Accounting and Tax
Does IRS Collections Go on Credit Report? Tax Liens & Credit Scores
If you’re asking “does IRS collections go on credit report,” the short answer is generally no. The IRS does not report your unpaid tax balance or IRS payment history to […]
Accounting and Tax
IRS Tax Lien Withdrawal: When the IRS Can Withdraw an NFTL
Tax lien withdrawal allows the IRS to withdraw a filed Notice of Federal Tax Lien when specific legal requirements are met. It removes the effect of the public NFTL, but […]
Accounting and Tax
Tax Lien Removal: How to Remove an IRS Federal Tax Lien
Tax lien removal can mean releasing the federal tax lien, withdrawing its public notice, discharging one property, or changing the IRS’s priority through subordination. Paying the full tax debt is […]
Accounting and Tax
IRS Red Flags: What Can Increase Your Audit Risk?
IRS red flags are tax return issues that can make the IRS look more closely at reported income, deductions, credits, or business activity. The biggest concerns are unreported income, mismatched […]
Accounting and Tax
Chances of Getting Audited by the IRS: What Are the Real Odds?
The chances of getting audited by the IRS are low for most individual taxpayers, but the odds are not the same for every return. The IRS Data Book 2025 shows […]
Accounting and Tax
How Far Back Can the IRS Audit? Understanding IRS Lookback Periods
If you are asking, “how far back can the IRS audit,” the general answer is three years, but the IRS audit lookback period can extend to six years or remain […]
Accounting and Tax
IRS Notice CP71C: What It Means for Your Tax Debt and Passport
IRS Notice CP71C is an annual reminder that you still have an unpaid balance on one of your federal tax accounts. The notice shows that tax debt remains and explains […]
Accounting and Tax
Does the IRS Send Certified Letters? What IRS Certified Mail Means
Does the IRS send certified letters? Yes, the Internal Revenue Service uses certified or registered mail for certain legally important notices, especially when tax law calls for documented mailing or […]
Accounting and Tax
If You Owe IRS, Can You Buy a House? Tax Debt, Liens & Mortgages
“If you owe IRS, can you buy a house?” is a common question, and yes, owing the IRS does not automatically stop you from buying a home. You may still […]
Accounting and Tax
Can the IRS Take Your Car? How IRS Vehicle Seizure Works
Can the IRS take your car? Yes, the Internal Revenue Service can seize and sell a vehicle when you owe federal tax debt and the legal levy rules are met. […]