Jun 16, 2026 | Uncategorized
Quick Answer: An IRS bank levy freezes your entire account balance on the day the levy is served. Your bank holds those funds for 21 days before sending them to the IRS — giving you a narrow window to act. If you already had a wage garnishment or IRS lien filed...
Jun 4, 2026 | Uncategorized
Quick Answer: The IRS can garnish your wages without a court order after sending a Final Notice of Intent to Levy (Letter 1058 or LT11). To stop it, you must request a Collection Due Process (CDP) hearing, enter a payment agreement, or qualify for Currently Not...
May 19, 2026 | Uncategorized
The Confusion Most taxpayers—and frankly many accountants—use these terms interchangeably. They shouldn’t. Penalty Abatement Reduces or removes penalties Applies to current balances Prevents future accrual Penalty Refund Returns money already paid Requires open...
May 12, 2026 | Uncategorized
Let’s Not Sugarcoat This There is a deadline. If you miss it, the IRS keeps your money. That’s the rule. What Money Are We Talking About? Penalty and interest payments that may have never been properly evaluated. We routinely see: Individuals with $5,000–$15,000 in...
May 5, 2026 | Uncategorized
The Reality Most Taxpayers Miss There’s money sitting with the IRS that doesn’t belong to them. Penalties. Interest. Charges could be reduced—or refunded. And the IRS won’t call you to offer it back. If you don’t ask correctly, you don’t get it. What This Is...
