Tax Relief Frequently Asked Questions
Tax Relief Frequently Asked Questions
Frequently Asked Questions
What Is IRS Tax Resolution?
IRS tax resolution refers to the process of addressing tax debt and resolving issues with the Internal Revenue Service. Depending on your situation, solutions may include payment plans, penalty relief, tax settlements, or other programs designed to help you become compliant and move forward with confidence.
How Do I Know If I Qualify For Tax Relief?
Eligibility depends on your financial situation, tax history, income, assets, and the type of tax debt involved. During a consultation, we review your circumstances and help identify the most appropriate options available to you.
What Is A Partial Pay Installment Agreement (PPIA)?
A Partial Pay Installment Agreement allows qualified taxpayers to make monthly payments toward their tax debt without paying the full balance before the collection period expires. The IRS reviews income, expenses, and assets before approving this type of arrangement.
What Is A Tax Lien Discharge?
A tax lien discharge removes a specific property from the effects of a federal tax lien. This may make it possible to sell or refinance a property while the remaining tax lien continues to apply to other assets.
What Is A Wage Garnishment?
A wage garnishment occurs when the IRS requires an employer to withhold a portion of your paycheck to satisfy unpaid tax debt. Resolving the underlying tax issue may help reduce or stop collection actions.
Can The IRS Garnish My Wages?
Yes. If tax debt remains unresolved, the IRS may garnish wages through a levy. Taking action early and exploring available resolution options can help prevent or address wage garnishment.
What Is A Bank Levy Release?
A bank levy allows the IRS to freeze and potentially seize funds from a bank account to collect unpaid taxes. A levy release removes the levy when certain conditions are met, such as resolving the underlying tax issue or demonstrating financial hardship.
Can I Stop A Bank Levy?
In many cases, yes. Depending on your circumstances, a levy may be released through payment arrangements, hardship requests, tax resolution programs, or by correcting errors in the collection process.