How Can I Pay My Federal Taxes With Installments or Monthly Payments?
How Can I Pay My Federal Taxes With Installments or Monthly Payments? Ramon Ortega Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to […]
How to Stop an IRS Tax Levy
How to Stop an IRS Tax Levy Ramon Ortega Of all the creditors or companies you might owe money to, the Internal Revenue Service can be the least forgiving about debt. If you don’t pay your taxes, the IRS will levy and take possession of your property, including cash accounts, wages, and real and personal […]
Why the IRS Cares About Your Cryptocurrency Holdings, and Why Now is the Time to Come Clean
Why the IRS Cares About Your Cryptocurrency Holdings, and Why Now is the Time to Come Clean Ramon Ortega After years of flying under the radar, taxpayers who hold Bitcoin, Ethereum, Litecoin and other cryptocurrencies are finally getting their fair share of scrutiny from the IRS. The tax agency, it seems, has figured out that […]
Can I Pay Installments on Federal Income Taxes I Owe If I Cannot Afford to Pay it All at Once?
Can I Pay Installments on Federal Income Taxes I Owe If I Cannot Afford to Pay it All at Once? Ramon Ortega Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and they’ll increasingly find themselves unable to pay […]
How to Handle Your Taxes During an Economic Crisis
How to Handle Your Taxes During an Economic Crisis Ramon Ortega Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous or a housing crisis that makes real estate a risky bet, living through tough economic times is never […]
Considering Bankruptcy to Get Rid Of Your Back Taxes? 3 Alternatives to Explore Before You File
Considering Bankruptcy to Get Rid Of Your Back Taxes? 3 Alternatives to Explore Before You File Ramon Ortega If you are drowning in debt and working harder and harder to make ends meet, you may think a bankruptcy filing is the only way out, but that is not necessarily the case. Filing for bankruptcy is […]
IRS Power to Collect Back Taxes
IRS Power to Collect Back Taxes Ramon Ortega Opening the mailbox and finding a letter from the IRS could be frightening, but what happens next can be even more. The IRS wields incredible power, and if they claim you owe additional taxes, they have various options for forcing you to pay. When the IRS claims […]
If You Owe Back Taxes Do I Need A Tax Attorney?
If You Owe Back Taxes Do I Need A Tax Attorney? Ramon Ortega If you owe back taxes you might think that you need a tax attorney, but that’s not necessarily the case. Just like hiring a traditional accountant to try to resolve your tax debt might not be the best choice, hiring a tax […]
What to Look for in a Tax Resolution Firm?
What to Look for in a Tax Resolution Firm? Ramon Ortega No one like to receive letters from the IRS. The enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to increase and one of them could land in your mailbox if the IRS says that […]