1. How Tax Non-Filers Apply for COVID-19 Stimulus Payment

    How Tax Non-Filers Apply for COVID-19 Stimulus Payment UPDATE: U.S. residents will receive the Economic Impact Payment, due to the financial domino effects of COVID-19 pandemic. Typically, receiving the payment requires filing a 2019 or 2018 tax return. Here is how to get COVID-19 stimulus payments for people that do not file tax returns. QUICKLY, THE BASIC RULES Just a quick refresher on the rule…Read More

  2. Tax Law Offices: What to Expect During COVID-19

    Tax Law Offices: What to Expect During COVID-19 A lot has changed over the recent weeks. At Tax Law Offices, we are still here for you, just as before. Here's the IRS business you should know right now: 1) IRS has not frozen direct debit payments during COVID-19. IRS will continue to debit payments from your bank for Direct Debit Installment Agreements (DDIAs) during the COVID-19 suspension period…Read More

  3. Do I Have to Pay My Student Loans During COVID-19 Disaster?

    Do I Have to Pay My Student Loans During COVID-19 Disaster? Many are now eligible to pause payment on their federal student loans. The Department of Education announced that you may be able to pause your payments for 60 days or more. To take advantage of the payment waiver, you must take steps – the relief is not automatic to everyone. Here’s how: Call your loan servicing company to check your…Read More

  4. Is Federal Lien a Threat of Levy?

    Is Federal Lien a Threat of Levy? If you receive an IRS tax lien, do you have to worry about an IRS tax levy? Here’s a quick summary of what you should do. Why Do I Even Have a Federal Tax Lien? When the IRS has been alerted that the liability will not be fully paid within 120 days, IRS routinely files their lien against liabilities. This is in order to protect the government's ability to collec…Read More

  5. Holiday Travelers – Has IRS Blocked your Passport?

    Holiday Travelers – Has IRS Blocked your Passport? If you have unpaid IRS tax debt, your international travel could be in danger. By Department of Treasury procedure, IRS can request to block the issuance or renewal of U.S. Passports for those who owe significant tax debt. If the debt remains without payment arrangement, IRS can request a full revocation of a passport. This applies to anyone who…Read More

  6. IRS Just Took My Payroll Funds!

    Whoa! This problem is an emergency. It needs a real solution, right now! (Or else employees won’t get paid.) This situation is called an “IRS Bank Levy.” The IRS will use various forms of collection enforcement to collect unpaid federal tax. Initiated by either by an IRS Revenue Officer or IRS’s automated system, a “Notice of Levy” is issued to your bank. This levy is one of the IRS' c…Read More

  7. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    Beginning in 2016, the IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the Fixing America’s Surface Transportation Act (or FAST). The idea was to facilitate an expedited collection of tax, facilitate tax resolution, and to expedite American highway and infrastructure repa…Read More

  8. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    IRS Uses Private Debt Collection Agencies – Are My Clients Affected? Beginning in 2016, IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the “Fixing America’s Surface Transportation Act” (or FAST). The idea was to facilitate an expedited collection of tax, to expedit…Read More

  9. Business License Revoked Due to Unpaid Illinois Taxes

    In Illinois, licensed business owners who fail to pay their state taxes can lose their privilege to stay in business. This article addresses some of those situations. Local Business with Unpaid State Income Taxes One past client held a cosmetology license under Illinois Department of Financial and Professional Regulations for over a decade. Her hair styling business was profitable, and she filed t…Read More

  10. Tax Help Due to Hurricane Irma

    Tax Help Due to Hurricane Irma Extensions and Removal of Penalties - Help for Hurricane Victims This article is a little different than those we usually publish. But millions throughout the country were affected by this year’s Hurricanes Harvey and Irma. This time, the Internal Revenue Service took notice. The IRS announced that it would provide an extension to victims of Hurricanes Irma and Har…Read More