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Providing guidance and support to help taxpayers settle their tax debt is an incredibly rewarding realm of work. However, there are also many scammers who will take advantage of Americans in a desperate situation and take their money without providing any help to their situation. But how do you, as a taxpayer in debt to the IRS, differentiate between the legitimate tax debt resolution services and the scams that are looking to take advantage of you? While it’s not necessarily an easy thing to do, here are five red flags to watch out for that can alert you to a tax debt settlement scam.

If you’re a first-time business owner, it’s not unusual to find yourself with a large tax debt that you can’t afford. Many new business owners don’t know that they’re expected to make quarterly estimated tax payments. If you don’t do this, you’ll end up with a heavy tax burden when tax season rolls around—plus the potential of underpayment fees for not paying your taxes throughout the year. If your small business has a tax debt that you can’t afford to pay off immediately, keep reading to learn what you can do to work with the IRS and get it settled.

When you fall behind on your taxes, you might find yourself facing any number of actions from the IRS. Among the possible repercussions you could face for delinquent tax debt are tax levies. What are tax levies? How do they differ from tax liens? And, most importantly, how will they impact you? Keep reading to find out more about tax levies, and if you’re facing tax levies and other collection actions from the IRS for unpaid taxes, contact us for assistance.

Tax debt can impact many aspects of your financial life, but can they stop you from qualifying for a mortgage? In some cases, yes, your tax debt can be the reason you don’t get a mortgage from a lender. However, tax debt does not automatically bar you from receiving a mortgage either. So what sort of impact does tax debt actually have on your ability to buy a home? Keep reading to find out.

Bankruptcy is a commonly used method to help individuals struggling under crippling debts. Filing for a bankruptcy can restructure or discharge some debts entirely. However, it’s important to understand the different types of bankruptcy and whether or not the debts you have actually qualify to be discharged at all. Tax debt, for example, is one type of debt that cannot always be discharged by a bankruptcy. Keep reading to learn more about whether or not a bankruptcy could relieve you of your tax debt, and what your options might be for getting your back taxes under control again.

If you owe money to the IRS, and you’ve reached the point that they’ve begun to take collection actions against you, you’ll naturally have some questions and a lot of concerns. One of the main questions many people in this situation have is in regards to what assets they stand to lose if the IRS decides to more forcefully collect on that tax debt. Can they take money right out of your bank account? Can they foreclose on your home? Keep reading to learn more about what assets the IRS can legally seize to settle a tax debt. If you find yourself facing IRS collections, contact the IRS Advocates today to get the support you need to settle your tax debt on your own terms.

When you’re in debt to the IRS, settling that debt as quickly as possible is extremely important. But if you’re unable to pay what you owe and you need to apply for an IRS payment plan, those things do take time. Just how much time it takes will depend on the type of IRS repayment plan you’re hoping to receive, how quickly you apply, and how much you owe. Keep reading to learn more about the average amount of time it takes to be approved for one of these tax debt repayment options.

Tax debt can have a crippling effect on so many aspects of your life. The stress off trying to pay down that debt even as interest and fines on it climb can be overwhelming, and you might feel at a loss for how to deal with it so that you can move on with your life. While it is entirely possible to enter into payment agreements with the IRS on your own, it’s a good idea to have an advocate that works with you in navigating your tax debt with the IRS. Why? Keep reading to learn the benefits of working with a tax debt relief expert.

When you have a large tax debt, you can feel like you don’t have any options for getting out from under it. The truth is, there are programs out there that can help, but many people assume that they won’t qualify, so they simply don’t pursue the options available to them. If you’re in debt to the IRS, it’s important to learn the qualification requirements for tax debt relief programs; you might be surprised to learn that you can, in fact, qualify for many of these repayment options. Here’s what you need to know.