Archive for April 2018
What is First-Time IRS Tax Penalty Abatement?
When you’re in debt to the Internal Revenue Service (IRS), penalties and the interest on those penalties can make a bad situation much worse. What may have begun as a simple mistake or short-term cash flow problem can easily spiral into insurmountable debt, and will continue to grow until you have reached a resolution. For…
Read MoreBack Taxes and Passports: What to Know
Most people know that the Internal Revenue Service (IRS) can be very aggressive about collecting past-due taxes. You’re probably aware of the possibility of significant wage garnishments, and the use of tax liens. However, you may not know that if you’re seriously delinquent in your tax obligations, your passport may be at risk. New Legislation…
Read MoreWage Garnishment Limits Differ Depending on Debt
Wage garnishment can be devastating, especially if you are already experiencing financial difficulties or rely on most of your income to pay living expenses. Of course, just how significantly wage garnishment impacts your financial stability will depend on the amount of the garnishment. Understanding exactly how much of your income can be garnished may be…
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