Long Island Tax Solutions Offers Best Tax Liens Solutions In Long Island

Francisco Lewis

Long Island Tax Solutions Offers Best Tax Liens Solutions In Long Island

If you owe a significant amount of money in back taxes and penalties, the IRS may institute a tax lien. A tax lien is a claim on a business or an individual’s assets and is typically attached to real estate properties.

This doesn’t mean the taxing authorities intend to seize your property like a tax levy. Instead, it uses the lien as collateral for the tax debt and ensures that the government has first dibs on the property rather than any creditors.

One of the many downsides to not paying your taxes is having a federal tax lien placed on you. In other words, the federal government makes a legal claim against your property. This happens when you neglect or fail to pay your tax debt.

Fortunately, there are tax resolution services available from the top tax relief firm Long Island Tax Solutions. With a federal tax lien, the government can claim access to real estate, personal property, and financial assets.

But, when will the federal government place a tax lien on your account? First, the IRS will assess how much you owe. Then, the IRS will send you a bill explaining how much you owe.

This is also called a Notice and Demand for Payment. Consequently, If you neglect or refuse to fully pay the debt in time, a federal tax lien will be your problem.

Francisco Lewis

Long Island Tax Solutions Offers Best IRS Wage Garnishment Solution

Francisco Lewis 2021-02-26

Dealing With IRS Wage Garnishment?

.Get In Touch With Our Certified Tax Resolution Specialist To Deal With The IRS And To NegotiateIRS wage garnishment can be a nightmare.

Furthermore, for employees, IRS wage garnishment can mean a huge cut in your monthly paycheck that can be a real pain especially if you have other bills to pay.

Moreover, there are steps that can be taken in order to assist in getting past and even avoiding an IRS wage garnishment.So, the 1st step begins with a professional strategy session with a seasoned CPA or Certified Tax Resolution Specialist.Getting out of an IRS wage garnishment is not an easy process.

In fact, you won’t be able to do it on your own unless you pay their demanded full tax amount.

The goal of the IRS is to get you back on the right track when it comes to paying taxes and to remind you to pay your taxes timely to avoid penalties in the future.Of course, the effects are devastating on your finances and once you’ve encountered this problem, you need an experienced tax resolution professional to help you.Call us today at 631-557-2181 to see how we can help prevent or remove a wage garnishment.

Everything you know about IRS penalties

irstaxtrouble 2021-09-29

Looking to resolve your IRS penalties?

Discover more about IRS Tax penalties & interests and the ways to resolve them from your tax professionals at Kreig Mitchell LLC today.

The IRS can bring penalties if you fail to file your returns correctly, fail to file returns on time, or fail to pay taxes.

There are variations of IRS penalties.

What's important to remember is that a penalty or interest charge is often far from your one-time occurrence.

The best way to avoid IRS penalties or interest rates is to submit clean taxation statements each year.

Know Your Eligibility for IRS Installment Agreements

Patrick Walter 2022-10-17

An IRS installment agreement is a payment plan that offers time concessions to those having a hard time paying their tax dues. Read this blog as we discuss the basic eligibility criteria for each IRS installment agreement. Streamlined Installment Agreement The Streamlined Installment Agreement is a type of installment agreement that doesn’t require you to provide any financial information. Unlike the Automatic and Streamlined Installment Agreements, the Partial-pay Installment Agreement requires an out and out disclosure of your financial information. For instance, if you are looking for IRS debt relief in Dallas, contact a trusted Dallas IRS lawyer that provides a 360-degree IRS tax solution.

Find the best tick control company

Tim O'Hara 2022-09-06

Have you been debating whether to trust a tick control company and whether they are as effective as you imagine? Are you searching on the internet for the best company for tick control near me? Factors to consider while hiring a tick control companyThere are a number of factors to consider when hiring a tick control company. Highly trained and experienced professionalsA reliable and efficient tick control company has highly trained and experienced professionals who are capable of handling different types of pests. One thing to keep in mind is that a reliable tick control company will do much more than just spray around the yard.

How Do You Know It’s Time for HVAC Maintenance in Long Island?

Polar Bear Air 2024-02-20

That's the question a lot of homeowners in Long Island find themselves asking when their HVAC system starts to act oddly or performance begins to decline. Well, without further ado, let's look into HVAC maintenance in Long Island - and uncover the mystery that is HVAC maintenance. Why Seasonal HVAC Maintenance? Here comes the big question, "Who should I call for my HVAC Installation in Long Island? A reputable air conditioning service in Long Island, like Polar Bear Air, can guide you through the process.

How to File an Extension for Taxes (IRS Form 4868)?

Google 2023-02-02

In these cases, you can file an extension to give yourself an extra six months to file your federal income tax return. A tax extension is a request for more time to file your federal income tax return. Mail FilingIf you prefer to file your extension by mail, you'll need to fill out IRS Form 4868 and send it to the IRS. To avoid any issues, be sure to allow enough time for the form to reach the IRS by the April 15th deadline. In conclusion, Filing tax extension form 4868 for your federal income tax return is a simple process that can give you an extra six months to complete your return.

WHO TO FOLLOW