6 Ways to Release or Remove a Tax Lien

You go to the ATM but can’t get any money out. Your payroll manager calls and says your paycheck has been levied. What do you do next? Here’s 6 ways to Release or Remove an IRS or State Tax Lien: Obtain a Properly Structured Monthly Payment Plan. You don’t have to ‘full pay’ your tax […]

The Top 4 Reasons We Miss Deadlines… (like April 15th)

Why do we allow ourselves to miss important deadlines (like April 15th)?  The first syllable (“dead”) on it’s own is hard enough to swallow. And then when you put another word like “tax” in front of it (“tax deadline”!!!), it can be overwhelming. When it comes to April 15th, these are the four reasons I hear most […]

Solve Tax Problem

The First Step To Solve Your IRS Problem is Surprisingly Simple

The first step in resolving your IRS Problem is a surprisingly simple one. I’m betting it’s not what you think it is. I know what it is, because I’ve been there. The stress from an IRS problem can be overwhelming, affecting your finances, your relationships, your emotions…  tax problems can take over your life. What I […]

Virginia Beach Realtors Refer Clients with Tax Problems to ATR

I regularly talk with Virginia Beach Realtors who are seeking help for their clients with tax problems. They need help for homeowners who can’t close the sale of their home due to IRS problems, such as a federal tax lien on their property resulting from unpaid taxes or unfiled returns. Hampton Roads Realtors need ethical […]

Can Bankruptcy Wipe Out IRS Tax Debt?

If you’ve fallen behind with the IRS, declaring bankruptcy may or may not wipe out your IRS tax debt. First, the good news. The moment you file bankruptcy, an automatic stay is created to stop most creditors–including the IRS–from continuing any collection activities against you. This means that the IRS can’t levy your bank account, […]

1 in 6 Virginia Residents Has a Tax Problem

One in six Virginia residents has a tax problem of one sort or another. Of these, half owe more than $10,000 in taxes. It’s easy for good, hard-working Americans to fall behind. That’s why we’re here. An IRS or Virginia problem has a way of affecting every aspect of your life; your finances, your credit […]

5 ‘kick-ass’ strategies to get IRS tax relief now

The “7 Ps” is an old British army adage for “Proper Planning and Preparation Prevents Piss Poor Performance”. When it comes to owing the IRS, “poor performance” can mean $10,000 + in unpaid taxes, frozen bank accounts, sleepless nights, damaged relationships. The good news? Just because you’ve planned poorly in dealing with the IRS in the past […]

“Currently Not Collectible” Status with the IRS

” Currently Not Collectible” is a program where the IRS voluntarily agrees not to collect on the tax debt for a year or so. The IRS can declare a taxpayer “currently not collectible,” after the IRS receives evidence that a taxpayer has no ability to pay. Such evidence is usually obtained from the taxpayer on […]

Can an Offer In Compromise Work for You?

The Offer In Compromise (or “OIC”) is an IRS program which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed. If accepted, you are able to pay your full tax bill in one small, final payment. If you’ve ever seen a TV ad where a national tax […]

How Long Can I Go Without Filing a Tax Return?

Federal law sets out time limits, or statutes of limitations, for the IRS can pursue taxpayers who fail to file their tax return. The government can only bring criminal charges against a nonfiler within 6 years of the date the tax return was due. For example, after April 15, 2014, you can’t be prosecuted for […]

Final Notice of Intent to Levy

You’ve received a Final Notice of Intent to Levy. You owe the IRS and Virginia, you’ve ignored their requests for payment, and now it’s getting serious. What does it mean? Where do you turn? A tax levy is not the same as a tax lien. Both are four letter words. Both start with “L”. But […]

How do you fix an IRS Virginia Tax Lien?

For some, a recorded tax lien is just one more black mark on their credit report—which was likely already a mess anyway. It’s not a levy notice. That said, how do you fix an IRS Virginia tax lien? You have three options: Appeal the lien filing by contacting the IRS Appeals Office. It’s not likely […]