When it comes to unpaid taxes, the IRS has powerful tools at its disposal to collect the debt. Among these tools is the ability to seize your assets, including your car. But under what circumstances can the IRS actually take your vehicle, and what can you do to protect yourself? Here’s what you need to […]
The Difference Between an IRS Revenue Officer and a Revenue Agent
The IRS plays a critical role in ensuring that taxpayers comply with U.S. tax laws. Within the IRS, various professionals are tasked with different responsibilities, including revenue officers and revenue agents. While these roles may sound similar, they have distinct functions and purposes within the IRS. Understanding the difference between an IRS revenue officer and […]
What To Do If You Receive IRS Notice CP90
Receiving a notice from the IRS can be an unsettling experience, especially when it involves serious matters like potential tax collection actions. One such notice is the IRS Notice CP90. If you’ve received this notice, it’s crucial to understand what it means and how you should respond. Here’s a comprehensive guide on what to do […]
What is the U.S. Tax Court?
The U.S. tax system is one of the most complex in the world. That said, it can be intimidating for many taxpayers, especially when disagreements arise with the IRS over tax liabilities. In such situations, the United States Tax Court serves as a crucial legal institution that offers taxpayers a platform to contest IRS determinations […]
What Happens if I Default on My IRS Installment Agreement?
Entering into an installment agreement with the IRS can provide taxpayers with a manageable way to pay off their tax liability over time. However, defaulting on an IRS installment agreement can lead to serious consequences. Here, we’ll review the potential repercussions and the steps you can take to mitigate them. What Does it Mean to […]
What is an IRS Appeal?
Dealing with the IRS can be tough, and disputes with them can add significant stress to taxpayers. However, the IRS Appeals process offers a structured pathway for resolving disagreements without taking it to court. Here are the essentials of IRS Appeals, including its purpose, the steps involved, and how taxpayers can effectively navigate this process. […]