Pull your IRS account transcript and you’ll see a column of three-digit numbers next to dates and dollar amounts. No explanation, no plain-English label — just codes like 570, 971, 290, or 846 sitting next to your Social Security number’s history with the IRS. It looks like it was designed to keep you in the…
A wage garnishment can feel like it came out of nowhere, but it never actually does. The IRS sends a specific sequence of letters before a garnishment starts, and once it does, your employer is required by law to hold back part of every paycheck until the debt is resolved or the order is released….
Finding out the IRS has frozen your bank account is one of the worst mornings a person can have. Rent is due, payroll is due, and the money that was sitting there yesterday is gone today. Here is the good news: a levy is not the end of the story. There is a real, defined…
If you owe the IRS more than you can pay right now, an installment agreement lets you pay off the balance in monthly payments instead of all at once. It’s the option most people reach for first. It stops the pressure of a lump-sum demand and puts you back in control of a schedule you…
An offer in compromise lets you settle a federal tax debt for less than the full amount, but it isn’t a discount you simply ask for. The IRS runs your finances through a specific formula, and unless the math supports it, the offer gets rejected no matter how sympathetic your situation is. Understanding that formula…
