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What Happens When You Get Audited?

If you have been Audited by the IRS, it is one of the greatest fears of every American taxpayer. Whether errors have been made in your tax return or the IRS simply would like more information, it is not uncommon for them to request an audit. Unless you have purposely withheld information regarding your taxes, however, an audit is not scary if you know what to expect. To ensure that you know precisely what happens when you get audited, we … Read More

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How Do I Get a Tax Lien Removed From My Credit Report?

What is a Tax Lien? A tax lien is a legal claim on your property as a penalty for unpaid taxes. It is one of the worst blemishes to have on your financial history, as it can significantly lower your credit score and prevent you from obtaining loans or even credit cards for over 7 years. Fortunately, there is now a quick and simple way to get a tax lien removed from your credit report. How Do I Determine If … Read More

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What is a Tax Debt?

A tax debt is associated with one’s inability to pay taxes to the government, be it federal or state, on earned income. The United States government takes unpaid tax debt very seriously, and potential penalties can range from wage garnishing to property liens to jail time. Fortunately, the IRS may allow you to utilize a payment plan to pay off the outstanding debt. This is where a bankruptcy petition comes in. Qualifying for Discharge When it comes to eliminating tax … Read More