A tax deficiency occurs when the IRS determines that you owe more taxes than you originally reported...
Tax debt forgiveness is when the IRS or state tax agency agrees to cancel some or all of the taxes you...
A tax refund offset occurs when the government takes part or all of your tax refund to cover certain...
A tax return transcript is a summary of your tax return information from the IRS. It’s not a copy of...
Tax withholding is when your employer takes taxes out of your paycheck and sends it directly to the government....
"Uncollectible Status," also known as "Currently Not Collectible," is a designation by the IRS that temporarily...
A wage levy is a legal action taken by the IRS or a state tax agency to seize a portion of your paycheck...
Amortization is a way to gradually deduct the cost of certain assets over time. It's similar to depreciation...
Back taxes are simply taxes that were not paid when they were originally due. Understanding and resolving...
The Collection Statute Expiration Date (CSED) is the deadline by which the IRS must collect taxes you...