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Currently Non-Collectible Status and what it means. This is the page that the IRS does not desire you to see. You’re Broke!! They cannot get blood from a stone! You do not have any money and the IRS can not get something from you that you do not have. Easy! By being broke, the IRS...

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The Internal Revenue Service enforces penalties in order to motivate voluntary compliance. Penalty Abatement demands are based on considerable mistakes, the failure to pay tax when due, failure to prompt file a tax return or other problems. IRS Penalty Abatement for Qualified taxpayers, nevertheless, might get a reprieve. The IRS periodically grants relief from penalties...

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If you owe more in back taxes than you have in assets and income, the IRS might supply a solution. An IRS Offer in Compromise (OIC) is an agreement between the taxpayer and the IRS to settle the taxpayer’s liabilities for less than the full amount owed. Nevertheless, there are strict requirements for an OIC...

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Are You Being Threatened with Wage Garnishment and Bank Levy’s? If this happens you will searching for to act quickly to conserve your next income or release your frozen bank account funds. An IRS levy action can freeze the funds in your bank accounts, take the wages from your paycheck, and make your clients turn...

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Innocent Spouse Relief is sometimes hard to prove but can be of excellent use to you if you owe the IRS money due to the fact that of your ex partner. Do you have any liability as the partner of someone who has a tax debt? Exactly what if you are going through a divorce...

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Have not filed your income tax return and are questioning what the IRS can and will do to you. You’re not alone. Fifteen Million People each year that have earned money, fail to file their Federal and State tax returns. Now in the majority of these cases the individual tax payers do not owe anything...

     

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