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Author: Tom Conradt

Mayweather Claims He Can’t Pay 2015 Tax Liability Until Upcoming Fight vs. McGregor in IRS Petition

Boxer Floyd Mayweather Petitions IRS: Claims He Can’t Pay 2015 Tax Liability Floyd Mayweather is set to fight the UFC Irish bad-boy, Conor McGregor, on August 26th. The fight will no-doubt be one for the books. However, for Mayweather, this fight is about much more than just getting another win in the ring. The widely […]

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What’s an IRS Final Notice of Intent to Levy?

Estimated Reading Time: 7 Minutes There it is. A certified letter from the IRS, and you have a gut feeling it probably does not contain the thousands in tax refunds you’ve always imagined. Instead it’s an IRS Final Notice of Intent to Levy. What does it mean? And why are you receiving it? IRS Letters […]

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How to Find Out if You Owe Taxes

Estimated reading time: 6 Minutes So you filed your taxes last month, but for whatever reason, you feel like you might actually owe the IRS taxes, rather than being issued back a return. Or maybe your situation is different. Perhaps your employer doesn’t deduct taxes from your paychecks throughout the year and you know for […]

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No Longer Dead, IRS Owes Man Tens of Thousands In Tax Refunds

Declared Dead by IRS for 29 Years, Living Man Finally ‘Resurrected’ Original Article by Karen Bleier, May 10, 2017, 4:38 PM (CBS/AP) At just four years old, a Minnesota man was falsely declared dead by the IRS. Now, 29 years later and with the help of his state senator, the IRS finally recognizes that Adam […]

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Breaking: Private Debt Collection Agencies to Chase Down Your Debt in 2017

Estimated Reading Time: 8 Minutes The mainstream media has now started picking up on the IRS private debt collection program. We reviewed the Private Collection of IRS Debt back in January in our post Someone’s Claiming I Owe Money To The IRS. Is This Legit?. View the post to learn how you can protect yourself and […]

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All of Your 1040 Tax Form Questions, Answered.

Estimated Reading Time: 8 Minutes We’re currently in the midst of tax season, and you’ve been procrastinating filing your tax return for the year. You’re definitely not alone. Just the thought of filing your taxes sounds like it’s going to be a daunting task. Below are the most common questions about IRS Form 1040. When […]

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Can the IRS Take My 401(k) for Back Taxes?

Estimated Reading Time: 7 Minutes Tax liens and wage garnishments for unpaid taxes can be confusing and unsettling. And it’s even more unsettling to think that the IRS can levy your 401(k). The IRS’s ability to access these funds to settle tax debts is concerning for individuals and businesses alike. If you’re receiving notices from the […]

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4 Important Things You Didn’t Know About Trust Funds & The IRS

Estimated Reading Time: 5 Minutes As a business owner, whether small or large, you have an obligation to withhold money from your employees’ paychecks for Medicare and Social Security taxes. This is no small matter. The IRS holds you (the employer) accountable to collect these trust fund taxes on a monthly or quarterly basis. An […]

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No Health Insurance? No problem. Here’s what the IRS is Now Saying About Withholding Tax Refunds.

Estimated reading time: 8 minutes If you’re one of the 29 million people in the United States worrying about receiving an IRS penalty for not having health insurance in this past year this is good news. So you can take a moment to wipe the sweat off your brow for now. The Trump Administration and […]

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