Can an IRS Bank Levy Affect Your Credit Score?
IRS bank levy can be a stressful experience, particularly because of its potential impact on your financial health. This article explores how an IRS bank levy can affect your credit score, along with strategies to handle and potentially remove the levy. Understanding the Basics Does an IRS Levy Affect Credit? An IRS bank levy does […]
5 Common Mistakes to Avoid When Dealing with an IRS Revenue Officer
Are you making costly missteps during an IRS visit? What behaviors can trigger deeper scrutiny from a revenue officer? Can small errors lead to big tax consequences? When the IRS assigns a revenue officer to your case, it means the matter has escalated beyond routine letters or automated notices. IRS revenue officers handle serious tax […]
Can You Appeal a Decision Made by an IRS Revenue Officer?
Exploring Your Options After an IRS Officer Decision When an IRS Revenue Officer issues a decision that could affect your financial well-being, it’s natural to feel uncertain about your next move. But can you appeal an IRS officer’s decision? Yes, you absolutely can—and in many cases, you should. The IRS offers an established appeals process […]
The Truth About IRS Revenue Officer Audits: What You Need to Know
1. What Triggers an IRS Revenue Officer Audit? Revenue officers don’t show up randomly. Typically, they step in when unpaid taxes remain unresolved after multiple IRS notices. The trigger could be years of unfiled returns, substantial unpaid tax balances, or ignored correspondence. If your financial behavior raises suspicions, expect the IRS to escalate things. Key […]
9 IRS Red Flags That Could Lead to Wage Garnishment
Awareness of IRS red flags is critical for avoiding the drastic step of wage garnishment. Understanding what catches the IRS’s attention can help you maintain compliance and avert financial distress. Here are nine warning signs every taxpayer should know. Common Audit Triggers What Triggers an IRS Audit? Certain activities tend to raise suspicions and potentially […]