What Is a Federal Tax Lien?

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Filing federal tax forms is one of those annual events that most people view as a hassle and not everyone can afford the taxes they owe, particularly in the era of the Covid pandemic. In fact, the back taxes owed by US taxpayers exceeds $130 billion dollars. Collecting on the back taxes is part of … Continued

RECENTLY UNEMPLOYED DUE TO COVID? HERE’S POTENTIALLY WHY AND WHERE YOUR SALARY HAS GONE.

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Tens of millions of American employees have become unemployed during the Covid pandemic.  Others have had their hours cut and/or had to take on risky essential jobs.  On the opposite end of this spectrum are people that are doing extremely financially well at the expense of the unfortunately unemployed.  Corporate CEOs are thriving, earning over … Continued

Tips for dealing with shutdown

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As the COVID-19 pandemic shut down continues, mental health is deteriorating as what we thought would be a 2 week even drags on. During this ordeal, although you are not in the office or maybe no even working, did you ever think to yourself “I need a vacation.”  You are not alone the phrase is … Continued

Dealing with Credit Card Debt during Covid 19

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Over 110 million Americans have credit card debt with past due balances. As if Covid19 has not been stressful enough, the weight of this extra debt with either a loss in income or an uncertainty about future income can be overwhelming. While bankruptcy can help with that by potentially wiping it out, here are some … Continued

IRS Installment Plan Suspension if Requested

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For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. If you can’t pay the terms of an Installment Payment Agreement, you may suspend payments during this period. The IRS will not default any Installment Agreements during this period. But, interest will continue to accrue on any … Continued