18.6 Million Americans Owe Tax Debt to the IRS Tax debt is a critical financial issue that affects millions of Americans, posing significant challenges to both individuals and the federal government. Reports from 2023’s tax season showed that 18.6 million Americans owe tax debt to the IRS.  Today, we’ll delve into the various facets of […]

How Past Tax Debt Affects Your Tax Refund During tax season, many taxpayers look forward to receiving a tax refund. However, for those with outstanding tax debt from previous years, they may be wondering if the IRS will take some of all of their refund if they have past tax debts. To answer the question: […]

Can Your Tax Debt Get You Arrested? The notion of being arrested for tax debt is a source of anxiety for many taxpayers. This fear is often fueled by misconceptions and worst-case scenarios depicted in media and popular culture. Instead, let’s explore the reality of tax debt leading to an arrest, the circumstances that might […]

3 Things to Know Before You File Your Taxes Filing taxes is an annual ritual that can be smooth and stress-free with the right preparation. As you gear up for this year’s tax season, there are crucial things to keep in mind to ensure a seamless process. In this article, we’ll explore three key aspects: […]

How Exactly Do Tax Returns Work? Tax season often brings a mix of apprehension and confusion, especially when it comes to understanding tax returns. For many Americans, tax returns are a once-a-year interaction with a complex system that can seem shrouded in mystery. Let’s explore the purpose of tax returns, how they work, how to […]

Debunking Common Myths About Tax Season As tax season rolls around, it brings with it a flurry of misconceptions and myths that can often lead to confusion and stress. For many, tax season is synonymous with complexity and uncertainty, especially for those facing or fearing tax debt. In this article, we’ll debunk some of the […]

The IRS Announces No More Surprise Visits In a move to enhance public trust and safety, the Internal Revenue Service (IRS) has declared a significant shift in its operations. The agency will cease most of its unannounced visits to taxpayers, a practice that has been in place for several decades. This decision is part of […]

5 Steps to Solve a Surprise Tax Notice Receiving an unexpected tax notice can be a jarring experience, leaving you scrambling to figure out how to handle the sudden financial burden. While it’s easy to feel overwhelmed, taking immediate action is crucial to resolving the issue effectively. This article outlines five steps to take when […]

The Legal Consequences of Ignoring Tax Debt Tax debt is a burden that many people carry, often due to circumstances beyond their control. However, ignoring this debt is not a solution and can lead to severe legal consequences. If you’re tempted to sweep your tax debt under the rug, think again! This article aims to […]

Understanding IRS Tax Debt Penalties When it comes to taxes, it’s important to understand that failure to comply with the Internal Revenue Service (IRS) regulations can result in penalties. These penalties serve as a deterrent and encourage taxpayers to fulfill their obligations. In this comprehensive guide, we will explore the different types of IRS tax […]