Month: July 2023

Exposed! What Happens When You Report Someone to the IRS and How It Impacts Them?

Violating tax laws is a serious offense that can sometimes result in criminal charges….

Understanding What Happens to IRS Debt When You Die: A Comprehensive Guide

It’s hard to overstate the importance of strategic estate planning because making mistakes when…

Does the IRS Know When You Get Divorced? Exploring the Tax Implications

Around 50% of all first marriages end in a divorce. The divorce statistics are…

How Often Can the IRS Levy My Bank Account? Everything You Need to Know

Federal tax debts don’t go away. On the contrary, they grow bigger and bigger…

IRS Lock-In Letter: How Do I Get It Removed? Step-by-Step Guide for Taxpayers

All employers must withhold federal taxes from the wages they pay to their employees…

IRS Civil Penalties: What Are They and How Do They Impact You?

The IRS assessed and collected nearly $60 billion from individual, estate, and trust income…

IRS 6166 Form: How to Obtain a Federal Estate Tax Extension for Non-Liquid Assets?

Assets worth over $12.92 million are subject to federal estate tax at rates ranging…