tax debt after you die

What Happens to Tax Debt When You Die?

A 2022 survey found that 67% of Americans have no estate plan. Although COVID-19 increased individual awareness of the need to have a living will, will, or living trust, more than half of people don’t act on it. Not having an estate plan can make things complicated when you die. What happens to tax debt […]
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irs passport

IRS Passport: Can They Take Your Passport Away?

In the 2021 tax season, there were over 8.1 million new taxpayer delinquent accounts. Delinquent accounts don’t always lead to IRS passport confiscations, but seriously delinquent tax debt can lead to passport revocation. To understand what this means, you need to know about certified and non-certified IRS tax debt. Keep reading to learn more about […]
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tax levy vs lien

Tax Levy vs Lien

Are you struggling with debt? When it comes to tax debt in particular, knowing the difference between tax levy vs lien is vital. They impact you in different ways and mean very different things for your property. A levy is when the IRS takes your property to settle a debt, whereas a lien is when […]
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how long does an audit take

How Long Does an IRS Audit Take?

Did you know that 0.4% of people who file their taxes get audited? While that doesn’t sound like a very high percentage, it could happen to anyone. When it does, you’ll want to be prepared. Just the thought of dealing with the bureaucracy of the IRS is enough to send most people into a panic. […]
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Can You File for Citizenship If You Owe Taxes?

Can You File for Citizenship If You Owe Taxes?

In 2020, over 600,000 people from all over the world became United States citizens, and you’re ready to join them! You have a Green Card, you’ve lived in the U.S. for a few years, and you’re over 18. But you’ve overlooked one step: paying your taxes. And now you’re wondering if you can file for […]
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Who Can File Innocent Spouse Relief

Who Can File Innocent Spouse Relief?

Everyone has secrets. Most secrets are innocent enough, but there is nothing worse than discovering your loved one has a terrible secret — like your spouse engaging in illegal financial activity, the result of which has left you facing the penalty of paying back taxes.  Sadly, money issues make up for roughly 22% of divorces. […]
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back taxes after divorce

Who Pays Back Taxes After a Divorce?

Divorces can be messy and complicated. The more your lives are tied together, the harder it is to separate them. One of the things many overlook when going through or having just finalized their divorce is taxes—more specifically, back taxes. Back taxes after divorce are not high on the list of priorities during or after […]
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can the IRS garnish my spouse's wage

Can the IRS Garnish My Spouse’s Wages?

In 2020, U.S. citizens owed an estimated $114 billion in back taxes to the IRS. That’s a lot of money left on the table, and the government does intend to collect on it.  One way the government collects on debts is by garnishing a person’s wages. This means that your employer will be required to […]
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Difference Between Tax Fraud and Tax Evasion

Understanding the Difference Between Tax Fraud and Tax Evasion

Sometimes, it can feel like the difficulties with filing your taxes are never-ending, especially for small business owners and those with multiple tax documents to sort through. When filing your taxes, it is easy to feel overwhelmed or concerned that something might slip through the cracks. When this happens, you may begin to wonder if […]
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Can Bankruptcy Stop an IRS Levy?

Can Bankruptcy Stop IRS Levy?

If you’re struggling with tax debt, you may be asking yourself, “Can bankruptcy stop IRS levy?”  Well, there isn’t a straightforward answer to that question. It all depends on the type of tax debt you have and the stage of collection the IRS is in. If you owe back taxes, the IRS may try to […]
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