A notice or certified letter should not be ignored. Remain calm. There is no reason to head for the hills just yet.
The IRS letter you receive should be based on a specific issue (such as an IRS Notice of Deficiency or IRS Levy Notice) and will contain the reasons as to why you have been sent the notice.
Whatever the reasons remember you are not alone. Millions of IRS Notices are sent out each year and our expert advice and guidance is available every step of the way.
Tax Lien, Property Tax Lien
A Tax lien is the government's statutory right given to secure property in order to gain payment of owed taxes.
IRS Tax liens may be imposed for delinquent taxes owed on property, real estate (a tax lien sale) or as a result of failure to pay income taxes or other taxes. Learn more about Tax Liens
A lien is a claim; a Levy is actual seizure (see Tax Levy)
An IRS audit does not always mean you have made a mistake.
It can be a random selection or information may be conflicting. An audit is a review of your accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
Tax Levy, Bank Levy, Wage Levy
The most fearsome of all tools available to the IRS is a Tax levy
When you owe money the IRS may use a levy as a method of collecting the tax debt.
A bank levy including your checking, saving or credit union account means the IRS may have your assets frozen and paid to them.
A levy on wages including the cash loan value of your life insurance, Social Security benefits and other forms of income are impacted directly by an order being sent to your income source.
Before this level of action takes place, there are multiple opportunities to arrive at a resolution (including an offer of compromise to the IRS). Contact us for more information as to how this might be achieved and in what way our experts can help you.
the implications & indications of fraud.