Business, IRS, Personal Taxes, Taxes,
Understanding Federal Tax Liens – I got a Notice of Federal Tax lien in the mail. What is it and how can I get it removed?
Some things are easy to talk about, IRS tax debt not so much. For most people, opening up to family or friends about their financial problems with tax debt owed to the IRS is as personal and potentially embarrassing as it gets. We don’t know exactly why this is the case, we just know that it is the case […]
Business, Business Consulting, Finance & accounting, Funding trends, IRS, News, Personal Taxes, Taxes,
The IRS sent me certified mail to seize my property – now what?
As we saw in our previous post, the IRS is willing to make a deal when it comes to collecting its debts. The IRS gives taxpayers multiple ways to take care of their tax debt and rebuild their financial lives. Unfortunately, however, not every taxpayer takes the initiative to get in touch with the IRS to deal […]
Business, Business Consulting, IRS, News, Personal Taxes, Taxes,
Can the IRS Take My Passport if I Owe Taxes?
The FAST Act If you or a loved one are among the hundreds of thousands of American taxpayers deemed to owe “seriously delinquent” tax debt, it is important to be conscious of the risks you are facing. Due to the Fixing America’s Surface Transportation (FAST) act, your passport may now be revoked if you’re liable […]
IRS, Personal Taxes, Taxes,
“I’d run into a burning building, but I couldn’t bring myself to open mail from the IRS”
I spoke to a prospective client today that is a firefighter in California. He told me his story about getting mail from the IRS and it stuck with me all day. I always knew how difficult it could be to deal with IRS debt, but it was the way this firefighter put it so succinctly […]
IRS, News, Personal Taxes, Taxes,
IRS Scams on the Rise: What Taxpayers Need to Know
Americans lose billions of dollars each year to fraud, and more recently, these scammers have moved into the taxpayer’s arena. Fraudsters impersonating IRS officials have become a common problem in the United States causing havoc at the federal level by stealing refunds from unsuspecting victims. These scams may come in the form of a phone […]
How Boxelder Consulting Will Help You Prevent and Remove a Tax Lien
Taxpayers with unpaid taxes frequently have federal tax liens filed against them. This is the Internal Revenue Service’s means of ensuring taxpayers keep up to date with their obligations. Federal tax liens are filed with the county government relevant to the area where the taxpayer lives or has registered a business. The official purpose of […]
Business, Finance & accounting, IRS, Taxes,
Boxelder & Bench Combine Forces: A Comprehensive Bookkeeping Solution for Tax Resolution
Boxelder and Bench: How a Client-First Tax Resolution Firm Solved Bookkeeping ORIGINAL ARTICLE POSTED ON SEPTEMBER 18, 2018 READ THE FULL ARTICLE HERE While many tax resolution firms often leave clients to sort out their own bookkeeping, the team at Boxelder went out of their way to find solutions. But they kept hitting a wall. With […]
How to Survive an IRS Audit of Your Business
How to Survive an IRS Audit of your Business 1. Limit the Scope On the Exam Letter that you receive from the IRS, there will be a year in the top right corner. This is intended to limit the scope of the audit. Typically the examiner will want to include a year in advance […]
Congress asked the IRS to implement a massive new law. Now it could send more than half its workers home.
In 2017, Republicans handed the Internal Revenue Service a huge task. In 2018, Congress is about to send home much of the agency’s workforce. The architects of the recently passed Republican tax law are relying on the tens of thousands of IRS employees to turn their new vision for the tax code into reality. IRS […]
How the GOP Tax Bill Could Become a Nightmare for the IRS
President Trump and GOP congress members have shifted their focus to a major overhaul of the tax code – the biggest in 30 years. This is a highly debated and complicated bill; but the one thing that everyone agrees on is that it will be the job of the Internal Revenue Service to enforce the […]
The Stress of Tax Debt: MIT Study Indicates Stress Can Lead to Risky Decisions
A new MIT study recently confirmed what many of us probably know, but don’t slow our brains down to recognize – that chronic stress, stress that is present over time, can lead to poor decision making. Oftentimes I speak to prospective clients that have difficulty seeing their way out of IRS tax debt. They are […]
IRS to Reject 2018 Tax Returns Without Health Insurance Disclosure
The IRS stated last week that it will not accept electronically filed tax returns in 2018 if taxpayers do not disclose information about their healthcare coverage. Specifically, they’re interested in knowing whether or not you have it. This comes as the Internal Revenue Service begins to prepare for the enforcement of the individual mandate provision […]