The Taxpayer Times

Tag: tax-resolution

  • Can the IRS Take Money from My Bank Account?

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    Joy
    in

    Several years ago, I met with a taxpayer who owed the IRS a substantial amount in federal taxes. Like many taxpayers facing IRS collection problems, he had received several IRS notices but had not taken any action. During our meeting, he looked at me with genuine concern and asked, “Can the IRS take the money…

  • Can the IRS Take My House?

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    by

    Joy
    in

    Several years ago, I met with a taxpayer who owed a substantial amount of money to the IRS. Like many taxpayers facing collection problems, he was worried about what might happen next. During our conversation, he asked a question that I have heard many times over the years: “Can the IRS take my house?” The…

  • Do I Go to Jail for Owing the IRS Money?

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    Joy
    in

    Several years ago, a taxpayer came to see me after the IRS filed a federal tax lien against him. One of the first questions he asked was: “Do I go to jail?” He was completely serious. There was no joking or exaggeration. I could see the fear in his eyes. Over the years, I have…

  • Didn’t File Your Tax Return? Here’s How to Fix It (Step-by-Step)

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    by

    Joy
    in

    You Didn’t File — Now What? If you didn’t file your tax return, the situation can feel unclear. Do you wait for the IRS? Do you need to pay before filing? Has it already gotten worse? Most people are not avoiding the issue – they’re unsure where to begin. This is where a clear process…

  • Federal Tax Lien: What It Means and How It Gets Resolved

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    by

    Joy
    in

    When taxpayers receive IRS Letter 668(Y), their reaction is often immediate anxiety. The words “Notice of Federal Tax Lien” feel sudden and severe, especially when the letter arrives without any sense that this was about to happen. What makes this letter different from most IRS correspondence is the timing. By the time Letter 668(Y) reaches…