Form 656: How to Submit an Offer in Compromise to the IRS
Form 656 lets taxpayers ask the IRS to settle eligible federal tax debt for less than the full amount owed through an offer in compromise. The IRS reviews income, expenses, […]
Blog and Articles
Collection Due Process Hearing: How to Appeal an IRS Levy or Tax Lien
A collection due process hearing is an IRS appeal that lets you challenge certain federal tax lien filings and proposed or completed levy actions. You may have this right only […]
IRS Form 12277: How to Withdraw a Notice of Federal Tax Lien
IRS Form 12277 is the IRS’s preferred application for requesting withdrawal of a filed Form 668(Y), Notice of Federal Tax Lien. A withdrawal can remove the public lien notice, but […]
Form 433-B: How Creators Report Business Finances to the IRS
Form 433-B is the IRS collection information statement used to report the finances of a business that owes federal taxes. It gives the Internal Revenue Service a current view of […]
Innocent Spouse Relief: Avoid Liability for a Spouse’s Tax Mistakes
Innocent spouse relief may release you from all or part of a joint tax balance, including tax, penalties, and interest, when your spouse’s income, deductions, credits, payment failure, or financial […]
Federal Tax Lien Release: How to Remove an IRS Lien After Payment
A federal tax lien release ends the IRS’s legal claim against property tied to the liabilities listed on a Notice of Federal Tax Lien once those liabilities are satisfied or […]
Currently Not Collectible Status Foreign Taxpayer: How CNC Works
Currently not collectible status foreign taxpayer rules may allow the Internal Revenue Service to pause most collection actions when you cannot afford to pay your tax debt and still cover […]
IRS Bank Levy: What Happens When the IRS Freezes Your Account
An IRS bank levy directs a bank or financial institution to freeze and send available funds to the Internal Revenue Service to collect unpaid federal tax debt. When the financial […]
What Is Form 12153? How to Request a Collection Due Process Hearing
Form 12153 is the IRS form used to request a Collection Due Process (CDP) hearing after you receive certain IRS collection notices. Filing Form 12153 on time can protect your […]
Notice of Federal Tax Lien: How IRS Tax Liens Work and What They Mean
A notice of federal tax lien is a public notice that the IRS files to alert creditors that the United States government has a legal claim against a taxpayer’s property […]