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IRS Tax Debt Settlement

We've all seen the television advertisements from companies claiming that they can settle Internal Revenue Service (IRS) tax debt for pennies on the dollar. Are these claims of tax debt relief simply...

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What do I do if the IRS freezes my bank account?

The IRS cannot freeze and seize monies in your bank account without proper notice. This is another tactic by the IRS to get your attention. Once your bank receives a notice of seizure of your funds, y...

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How to Qualify for an IRS Offer in Compromise (OIC)

Offers are not guaranteed to be accepted at the time of applying and interest and debt collection attempts continue during the review process. It is very important to meet all of the requirements when...

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Filing Fraudulent Tax Returns: A Federal Crime

Tax fraud is a federal crime with serious consequences and a crime that rarely stays hidden. Between the IRS's audit computers and the Whistleblower program, tax fraud is nearly impossible to hide. Fi...

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What is innocent spouse relief?

The IRS has the power to release a spouse from direct financial liability for unpaid taxes. This release from responsibility from having to pay tax debts of the other spouse (or estranged spouse) is c...

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How long does the IRS have to collect back taxes?

The time period (called statute of limitations) within which the IRS can collect a tax debt is generally 10 years from the date the tax was officially assessed. For most cases, the IRS has 3 years fro...