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There are several reasons that could cause a garnishment on your wages, including owing money to the IRS. Wage garnishment is obviously not the ideal scenario, as it means you don’t have control over when and how much money comes out of your income. It means you never see that money in the first place, as […]
The IRS can investigate any finances if they believe you are a taxpayer withholding assets. One tool they use to assess this would be a bank summons. This document requires your bank to send your account balances, bank statements, and other information directly to the IRS. Your summons will usually include a reason for the […]
We are an aging society, and as the rate of Baby Boomers retiring rises every year securing your Social Security Income (SSI) becomes even more important. Indeed, while around 50% of US citizens have additional investments and savings put away for their retirement the other half are relying solely on their SSI checks. Unfortunately, that […]
When you are going through tax issues, it’s natural to worry about whether you are going to lose your home. Your home is your biggest asset and it can be stressful to feel like you’re going to have to give it to the IRS. The process of dealing with the IRS if you are unfamiliar […]