Tax Relief

I Received a Windfall – What Now?

September 22nd, 2017|Debt Relief, Estate Planning, Tax Relief|

The Powerball lottery jackpot reached a staggering number last month, topping out at $758.7 million, amounting to the second largest haul in the contest’s history. The odds of winning were one in 292.2 million. Obviously, with numbers like that, the chances of scoring the jackpot were more than slim. But plenty of average Americans receive [...]

Garnishment, Levies, and Liens – What’s What

August 15th, 2017|Tax Relief|

The IRS, that seemingly all-powerful government entity, is perhaps the biggest financial boogeyman. One of the scariest powers at their disposal is the right to gain access to your funds or property to satisfy tax debts. This can take the form of wage garnishment, a bank levy and/or a lien, and the three are often [...]

What Is Currently Not Collectible (“CNC”) Status?

May 27th, 2016|Tax Relief|

The majority of people owing money to the IRS would pay off their tax debt if they had the financial ability. The reality faced by most, however, is not having the income or assets to pay the IRS. The IRS accepts this financial reality through its designation of Currently Not Collectible ("CNC"). CNC status means [...]