Tax compliance is the legal requirement to fulfill all tax obligations according to national and international laws, including accurate income reporting, timely tax filing, proper expense classification, and payment of taxes owed. For businesses and individuals...
A tax levy is the IRS’s legal seizure of your property to satisfy unpaid taxes. To get a tax levy released, you have four main options: (1) pay the full tax debt, (2) set up an IRS payment plan, (3) prove economic hardship, or (4) submit an Offer in Compromise...
When the IRS rejects your installment agreement request, you have the right to appeal through several formal channels including the IRS Office of Appeals, Collection Due Process (CDP) hearings, or the Collection Appeals Program (CAP). To successfully appeal a denied...
No, you cannot have two separate installment agreements with the IRS for the same type of tax debt. The IRS requires all personal income tax obligations to be consolidated into a single payment plan, regardless of how many tax years you owe. However, there is one...
When you’re facing overwhelming tax debt, the Offer in Compromise program seems like a lifeline, a chance to settle with the IRS for far less than you owe. Tax relief companies capitalize on this desperation, promising easy approvals and massive savings. While... 
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