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Notice of Intent to Levy from IRS: What Do I Need to Know?

On: January 21, 2024

If you have just received a Notice of Intent to Levy from the IRS, you may be wondering just what you need to do. As you frantically try to figure out what is going on, you likely have a bunch of questions flying through your mind right now. One of the most important things to […]

I Forgot to Report All My Income – Will There Be Any Consequences?

On: January 11, 2024

The IRS wants perfect tax returns with no errors but the reality of it is that is just not possible. Between human error and computer error, there are bound to be returns that require attention.  One of the most common issues that arise with taxpayers and puts the IRS on alert is underreported income. Failing […]

Tax Lien vs. Tax Levy: Knowing the Difference Between the Two

On: January 1, 2024

If you have never owed the IRS money before, the terms tax lien and tax levy are probably new to you. These two terms describe different actions that the IRS can take to collect on a debt that you owe them.  Tax liens and levies are serious things and they can cause a lot of […]

Wage Garnishment – What Is It and Can It Be Stopped?

On: December 22, 2023

Learning that you have a pending wage garnishment is enough to ruin your day. You probably have a bunch of questions soaring through your mind right now along with a little bit of panic.  Fortunately, a wage garnishment can be stopped, but you must act fast. Hiring Leading Tax Group is a great move when […]

Should I Appeal an IRS Decision? Pros and Cons of Doing So

On: December 12, 2023

You come home from work only to open the mailbox and find a letter sitting inside from the IRS. Questions start circling through your brain immediately and your heart starts to pound. What could they want? The IRS sends out notices to taxpayers for a multitude of reasons with the most common one being that […]

I Didn’t Claim Any of My Cryptocurrency on My Taxes – Am I in Trouble?

On: December 2, 2023

Cryptocurrency has become a rising and popular form of digital currency within the United States. The IRS has started to take a stance on cryptocurrency and has put guidelines in place to ensure that anyone with cryptocurrency claims it on their taxes. Since cryptocurrency is still relatively new, especially the taxation portion of it, taxpayers […]

Wait, the IRS Can Revoke My Passport?

On: November 22, 2023

The IRS has many forms of collection actions they can take against you when you owe them money. The IRS takes tax liabilities seriously and will pursue you until they have been paid in full. This can mean that they go to extreme measures such as revoking your passport, seizing your assets, or any other […]

Can I Qualify for a Penalty Abatement?

On: November 12, 2023

If you have an outstanding tax liability owed to the IRS, it is likely that you will also face some interest and penalties attached to it. The IRS has different types of penalties that they can attach to your tax liability and the longer your owed taxes sit, the more penalties and interest that will […]

I have a tax lien! What am I supposed to do? I need help NOW!

On: November 2, 2023

Did you just receive a notice in the mail from the IRS that you have a tax lien? The IRS has the ability to issue a tax lien against you when you have unpaid taxes owed to them and this lien helps to secure the collection of owed taxes from you. Fortunately, you do have […]

I Am Self-Employed – Do I Need to Pay Taxes?

On: October 23, 2023

There are many conveniences to being self-employed from making your own hours to choosing the types of projects you work on. One of the things you don’t have a choice or much flexibility on at all is paying taxes. Even individuals who are self-employed are required to pay taxes. Understanding taxes around self-employment can be […]