1. The Best Way to Remove IRS Tax Liens

    HOW DOES A FEDERAL TAX LIEN AFFECT ME?   A federal tax lien is an instrument used by the IRS. The Illinois Department of Revenue and other state tax departments have similar liens.    This federal IRS tax lien is not just a document. Instead, it is a claim of IRS’s financial interest in all assets that the lien attached. The tax lien actually attaches to all the assets of the person w…Read More

  2. How to Eliminate Taxes in Bankruptcy (Six Basics)

    Sometimes taxes can be discharged in bankruptcy. The rules are technical. There are six basic rules that govern whether the tax can be dischargeable. We will simplify each basic rule, so that you may better help your clients. CPA’s Must Understand Bankruptcy Options For people with serious debt problems, bankruptcy helps, not hurts. So very often, bankruptcy improves a person’s credit rating, …Read More

  3. HOW TO AVOID SUSPENSION OF PROFESSIONAL LICENSE DUE TO UNPAID ILLINOIS TAXES

    HOW TO AVOID SUSPENSION OF PROFESSIONAL LICENSE DUE TO UNPAID ILLINOIS TAXES Illinois professional licenses can become suspended or revoked, related to unpaid Illinois income tax. This article is about how to deal with the Illinois Department of Revenue, and how handle suspension of professional licenses to enforce Illinois tax collection. This also focuses on how people with tax liens and profess…Read More

  4. Guaranteed IRS Payment Plan for Freelance Gig Workers

    Guaranteed IRS Payment Plan for Freelance Gig Workers Gig workers’ earnings are reported on Form 1099. Because there are typically no taxes withheld, it is common among these workers to have tax debt or related problems. Sometimes their IRS tax liability can be substantial, sometime incredible! Gig workers are those individuals that consider themselves self-employed or independent contractors. T…Read More