Oct 5, 2026 | Uncategorized
Quick Answer: File your return by October 15, 2026, even if you can’t pay. An extension only gave you more time to file, not to pay, so interest at 7% and a 0.5% monthly late-payment penalty have run since April 15. Missing October 15 adds a failure-to-file...
Sep 29, 2026 | Uncategorized
Quick Answer: The right IRS resolution strategy depends less on your balance and more on your Collection Statute Expiration Date (CSED) — generally 10 years from assessment under IRC §6502. A debt near expiration is often handled differently than one from last year,...
Sep 22, 2026 | Uncategorized
Quick Answer: Beyond a bank levy, the IRS has tools many taxpayers don’t expect: a federal tax lien attaching to everything you own (IRC §6321), levies reaching retirement accounts and up to 15% of monthly Social Security, and passport certification under IRC...
Sep 15, 2026 | Uncategorized
Quick Answer: The IRS offers four paths for a balance you can’t pay in full: an Offer in Compromise to settle for less, an Installment Agreement to pay over time, a Partial Pay Installment Agreement for larger balances, and Currently Not Collectible status...
Sep 8, 2026 | Uncategorized
Quick Answer: IRS collection follows a fixed sequence: a CP14 balance-due notice, escalation through CP504, then LT11 or Letter 1058 — the Final Notice of Intent to Levy. That letter starts a 30-day countdown to request a Collection Due Process hearing under IRC...
