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LifeBack Tax

Can the IRS garnish your wages?

Wage garnishment is the government’s legal right in an attempt to collect unpaid back taxes. The IRS can not only garnish your pay check, they can also attach the garnishment to your social security benefits and pension benefits. Prior to issuing a garnishment, he IRS will send you a “FINAL NOTICE” with a 30 day […]

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LifeBack Tax

Can the IRS keep your tax refunds?

YES, they can! If you owe the Internal Revenue Service (IRS) for back taxes, the IRS will keep your current tax year refund and all future tax year refunds until the tax debt has been satisfied. It is the government’s right to hold refunds to satisfy any outstanding debt including any interest and penalties associated […]

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LifeBack Tax

How Do I Qualify for the Fresh Start Program?

In 2011, the Internal Revenue Service (IRS) launched the Fresh Start Initiative and later expanded the program to help taxpayers resolve their tax debt. The program allows taxpayers to be placed on affordable payments based on their finances, avoid tax liens being filed, made an easier lien withdrawal process, and made changes to the Offer […]

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LifeBack Tax

Do you know what a bank levy is?

A bank levy is legal right of the Internal Revenue Service (IRS) to attach any funds in your bank account to pay for unpaid tax debt. Once the levy has been issued, the bank must hold the funds for 21 days before the funds are released to the IRS. The following are some facts you […]

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LifeBack Tax

A tax professional who can guarantee results must be better than those who do not guarantee results.

Wrong! In fact, you should run away for any professional that guarantee results. In life, there is no such as a guarantee. No Tax Resolution company including ours can guarantee any kind of results. It the Internal Revenue Service (IRS) or the State that decides the final resolution and the outcome of the case. The […]

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LifeBack Tax

What is Currently Not Collectible Status from The IRS?

Big companies are known for getting all sorts of breaks, but when average people fall behind, they rarely receive help. When you owe back taxes, but can’t afford to pay them, then you may qualify for a special tax status known as currently not collectible. If you’re approved for currently not collectible status, then the […]

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LifeBack Tax

What is an Offer In Compromise?

Offer In Compromise, known as an OIC, is a program by the Internal Revenue Service (IRS) which allows taxpayers to settle their unpaid tax liability for a lesser amount in order to clear their total tax debt owed. Know What is an Offer In Compromise In order to qualify for an OIC, some of the […]

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LifeBack Tax

Why This Should Be The Year You Pay Off Back Taxes

According to the IRS, more than 13.2 million Americans owe back taxes. The majority of these cases involve amounts that seem impossible to pay off. That leaves those tax-owing Americans in a difficult position. They want to pay, but they can’t, and the end result is feeling a lot of guilt about the situation. There […]

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LifeBack Tax

I have not filed my tax returns. What will happen to me?

It is illegal not to file your tax returns every year by the due date which usually falls on April 15. If you have not filed your tax returns, it is just a matter of time before the IRS catches up to you. Remember, the IRS is the most powerful collection agency and getting on […]

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LifeBack Tax

Tax Resolution and Your Finances: What is an Offer in Compromise?

Owing money to the IRS can be frightening, to say the least. It is easy to feel helpless in such a situation but you should not let fear and feelings of helplessness freeze you into inaction. know more about what is an offer in compromise Every day you wait is one more day interest and […]