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COMPLETE IRS & TAX REPRESENTATION

What Is the IRS “Trust Fund Recovery Penalty?”

The name might imply that a trust fund recovery penalty only affects the elite, but it actually has nothing to do with trust funds. All businesses go through hard times now and then. When things start to get really bad, business owners might be tempted to cut corners to ensure that they keep their sinking…

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How to Resolve a Federal or Illinois Tax Lien Before Selling a Home

If you have gotten behind on your taxes, you may have a federal tax lien or Illinois tax lien on your home. If you want to sell your home to get out of tax debt, you’ll need to resolve your federal or state lien first. While you can contact the IRS or state of Illinois…

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Resolving Federal or Illinois Tax Liens Before Selling a Business

When businesses get behind on their tax payments, the IRS and state can put a tax lien on the company. Your personal finances may be impacted, depending on how your business is structured. That’s why it’s vital to resolve business tax liens as quickly as possible, especially when you want to sell your business. The…

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How Tax Liens Affect Your Credit Score

  Tax liens have an indirect effect on credit scores and make it difficult to secure loans or get funding from outside sources.    Having a tax lien on your home or business used to be a death sentence for credit scores. The lien would be reported to the three major credit reporting bureaus, Equifax,…

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IS TAX LAW OFFICES RIGHT FOR YOU?

  IS TAX LAW OFFICES THE RIGHT FIRM FOR YOU?   Tax Law Offices has handled some of the most threatening tax audit, collection and investigation cases. We see more emergency tax cases because Tax Law Offices is more specialized: Our typical case involves liability greater than $50,000 in tax and penalties.  We focus on…

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HOW RESOLVING A TAX LIEN AFFECTS YOUR CREDIT SCORE

The good news for anyone with a tax lien, is that it no longer will directly impact your credit score. Starting in 2018, the three major credit bureaus, Experian, TransUnion, and Equifax, decided not to include tax liens on credit reports. This means that having a tax lien put on your home by the IRS…

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WHAT IS THE EQUIFAX TAX LIEN SETTLEMENT?

WHAT IS THE EQUIFAX TAX LIEN SETTLEMENT? WHAT IS THE EQUIFAX TAX LIEN SETTLEMENT ($1500)   Many people are surprised to learn they have tax liens. Unfortunately, those liens are public information, and are even reported by credit bureaus. This story relates to problems that our clients see every day. That is – incorrect or outdated…

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An image a one dollar bill.

How Resolving a Tax Lien Affects Your Credit Score

The good news for anyone with a tax lien, is that it no longer will directly impact your credit score. Starting in 2018, the three major credit bureaus, Experian, TransUnion, and Equifax, decided not to include tax liens on credit reports. This means that having a tax lien put on your home by the IRS…

Read More...
An image of a business office.

Is Tax Law Offices Right for You?

  Is TAX LAW OFFICES the Right Firm for You?   Tax Law Offices has handled some of the most threatening tax audit, collection and investigation cases. We see more emergency tax cases because Tax Law Offices is more specialized: Our typical case involves liability greater than $50,000 in tax and penalties.  We focus on…

Read More...
An image of money.

What is the Equifax Tax Lien Settlement?

WHAT IS THE EQUIFAX TAX LIEN SETTLEMENT? WHAT IS THE EQUIFAX TAX LIEN SETTLEMENT ($1500)   Many people are surprised to learn they have tax liens. Unfortunately, those liens are public information, and are even reported by credit bureaus. This story relates to problems that our clients see every day. That is – incorrect or outdated…

Read More...