YES, they can, but most likely they won’t. The IRS has the ability and legal power to seize your property to force you to pay back your tax debt. Taking your property is one of the most potent and fearful tactics in its arsenal. However, the IRS does not seize any tax debtor’s property any
Tax Installment
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Jan
Jan
11
Jan
Jan
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Why did some people did not receive the second stimulus payment?
The second stimulus bill was voted for by the government at the end of last year. Many Americans who earn less than $75,000 have already started to receive their check directly deposited into their primary bank account is reported to the IRS. However, many people will have to wait for the money to arrive in
18
Dec
Dec
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New Tax Debt Relief Program Annouced from the IRS
The IRS released a new program this week called the Taxpayer Relief Initiative, which aims to assist taxpayers who cannot pay their taxes because of the ongoing pandemic. Taxpayers who have tax debt from previous years or due to the continuing pandemic and unable to pay for the debt have options offered by the IRS,
17
Dec
Dec
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What is a tax installment plan and, how much do I pay?
A tax installment plan is an agreement between the IRS and a person who owes tax debt to the IRS to repay the said tax debt within a time period. The installment plan must be paid in full by the taxpayer within the time period agreed by both the IRS and the taxpayer to clear