Accounting and Tax

Innocent spouse relief may release you from all or part of a joint tax balance, including tax, penalties, and interest, when your spouse’s income, deductions, credits, payment failure, or financial […]

A federal tax lien release ends the IRS’s legal claim against property tied to the liabilities listed on a Notice of Federal Tax Lien once those liabilities are satisfied or […]

Currently not collectible status foreign taxpayer rules may allow the Internal Revenue Service to pause most collection actions when you cannot afford to pay your tax debt and still cover […]

An IRS bank levy directs a bank or financial institution to freeze and send available funds to the Internal Revenue Service to collect unpaid federal tax debt. When the financial […]

Form 12153 is the IRS form used to request a Collection Due Process (CDP) hearing after you receive certain IRS collection notices. Filing Form 12153 on time can protect your […]

A notice of federal tax lien is a public notice that the IRS files to alert creditors that the United States government has a legal claim against a taxpayer’s property […]

A CP503 notice is the IRS’s second reminder that one of your tax accounts still has an unpaid balance. It tells you how much you owe, when payment is due, […]

A CP501 notice is an IRS payment reminder for an unpaid balance on one of your tax accounts. It means the Internal Revenue Service has not received payment or a […]

IRS Letter 1058 is a final notice that warns the Internal Revenue Service may levy your property or rights to property for an unpaid tax balance. It also gives you […]

An LT11 notice is the IRS’s final notice of intent to levy before it can take collection action against your wages, bank accounts, or other property. It also gives you […]