What is a IRS Wage Garnishment Release?

A wage levy is used to seize your wages, commissions, or other income (often called a garnishment). The Internal Revenue Service can even garnish your Social Security income! You have only 30 days from the date of a Final Notice of Intent to Levy to either pay the tax in full or to find a solution to your back taxes.

Continue ReadingWhat is a IRS Wage Garnishment Release?

What is a Currently Not Collectible?

Currently Not Collectible means that a taxpayer has no ability to pay his or her tax debt. When the taxpayer demonstrates they are in severe financial hardship and have no ability to make monthly payments or liquidate assets in order to pay their back taxes, the Internal Revenue Service can declare the account "currently not collectible."

Continue ReadingWhat is a Currently Not Collectible?