Tag: irs installment agreement default
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Can the IRS Take Your House? A Look at Property Seizure
Worried the IRS could take your house? You have real reasons to be concerned. The IRS absolutely can seize homes to satisfy unpaid tax debt. It’s a frightening process that begins with ignored notices, escalates to tax liens, and if you break your IRS payment agreement or continue to ignore the problem ends with your…
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What to Do If You Receive a Notice From the IRS and Why Steve Perry, EA Is the Ally You Need
Receiving a notice from the IRS triggers real fear for good reason. The risks are immense: extra penalties, lost payment plans, federal tax liens, wage garnishment, and financial ruin. Ignoring the IRS makes the problem worse. But you do not have to face the IRS alone. Steve Perry, EA at Books Taxes & More is…
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IRS Letter 196C confirms your enrollment in a Direct Debit Installment Agreement, a rare chance to repay your IRS debt safely, as long as you never miss a payment or fall behind on new taxes. One misstep can cost you gravely: default means mounting penalties, seizure of wages or bank accounts, IRS liens, and even…
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