Form 1040-X is the only form the IRS accepts for correcting an individual return that has already been filed and accepted. If a taxpayer left off a 1099, claimed the wrong filing status, or found a deduction they missed, this is the form that fixes it. There is a real deadline attached to it too:…
A federal tax lien on your home does not automatically stop you from refinancing or opening a home equity line of credit. What it does is change who gets paid first if the property sells or if a new loan ever goes to collections, and that alone is often enough to make a lender walk…
If you paid off a federal tax debt and the lien tied to it is still turning up in a title search or blocking a refinance, you are missing one specific piece of paper: the Certificate of Release of Federal Tax Lien. The IRS does not consider a tax lien resolved just because your account…
If you work for yourself, a question probably crossed your mind the moment you fell behind on taxes. Can the IRS actually garnish wages when there is no employer to send the notice to? The honest answer is more unsettling than most people expect. The IRS can still take money from a self-employed person. In…
Two IRS letters use almost the same words. The difference between them can mean the difference between having thirty days to act and having no time left at all. A notice of intent to levy is a warning. A notice of levy means the IRS has already sent paperwork to a bank or an employer….
