Tag Archives: installment agreement

Can the IRS take away your Social Security check?

Is social security exempt from an IRS levy or garnishment?  The short answer is no, the IRS is allowed to take away your social security if you fall behind on your payments to the IRS. The rules are laid out … Continue reading

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FTB Notices about missed installment payments

Do you have an installment plan with the franchise tax board?  If so you and 15,999 other people with installment agreements experienced a slight glitch with your December payment. Ironically the exact same thing happened last December as well. The … Continue reading

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Could you lose your license if you are behind in taxes?

The big news in the tax world is that New York just passed a law saying that if you owe the state more than $10,000, you could lose your drivers license. What a lot of people don’t realize is that … Continue reading

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A 2nd chance with your IRS Audit, aka an audit reconsideration

What would you do if the IRS told you you owed them a few million dollars, and they were wrong?  Wouldn’t you spring a couple thousand dollars for some legal help? It appears the taxpayer, Mr. Seifert, in a recent … Continue reading

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Late Filed IRS Offer in Compromise, Tax Court decision could help you

Did you file your offer in compromise late because the IRS hardly gave you any time to fill out the forms?  The Tax Court might have thrown you a life preserver. The Tax Court case printed below dealt with a … Continue reading

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IRS Installment Agreements are going to cost more

Owe the IRS money?  One of the simplest solutions when you owe the IRS money is to ask them to accept payments.  The official name for this is to request an installment agreement. There are a few different ways to … Continue reading

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