What is a Levy? IRS and Other Asset Levies Explained

Author: Vicki R. Bott, MBA, CPA | Feb 24, 2021 | Categories: Tax Troubles , Federal Tax Liens , Income Tax Lien , IRS Collection Tactics , IRS Problem , IRS Problems , IRS Tax Levy , Tax Levy , Tax Problems

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The IRS can seize your property, take money from your bank accounts, or sell your assets to satisfy the balance due. This is a levy of your property.

How Can I Pay My Federal Taxes With Installments or Monthly Payments?

Author: David F. Bott, CPA/ PFS | Mar 03, 2020 | Categories: Can't Pay Taxes , Federal Tax Liens , Income Tax Lien , Income Tax Problem , Internal Revenue Service Lien , IRS Problem , IRS Tax Help , IRS Tax Liens , Tax Levy

Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with you. The bad news is, they’re relentless in their collection of back taxes and if left unattended, they can levy your bank account, garnish your paycheck, or put a lien on your property to settle your tax bill.

Season’s Greetings from Bott CPA Services

Author: David F. Bott, CPA/ PFS | Nov 25, 2019 | Categories: Accounting Services , Audits , Behind on Taxes , Certified Public Accountants , CPA , CPA Firm , Extensions , Fear of the IRS , Income Tax Problem , IRS , IRS Audits , IRS Problem , IRS Problems , IRS Tax Help , IRS Tax Liens , Small Business Tax , Surprised by Taxes Due , Tax Levy , Tax Planning , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns

Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020!

If you need any assistance from me during this time, feel free to get in touch with me by clicking here.

When DIY Won't Do: 3 Times, When Hiring a Tax Relief Professional is the Only Way to Go

Author: Vicki R. Bott, MBA, CPA | Nov 07, 2019 | Categories: Audits , Back Taxes , Behind on Taxes , Can't Pay Taxes , CPA , Did not file income tax returns , Fear of the IRS , Federal Tax Liens , IRS , IRS Audits , IRS Problem , IRS Problems , IRS Tax Help , IRS Tax Liens , Late Tax Filing , Resolving Tax Problems , Tax Debt , Tax Levy , Tax Problem Solution Services , Tax Professionals , Tax Resolution Specialist

There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes. Dealing with the IRS takes a very specialized skill set that most tax preparers and even CPA’s don’t possess. Make sure you have a tax resolution specialist on your side.