LifeBack TaxMyth #1: All tax professionals have basically the same training. The Truth: Not all tax professionals have the same training. A Tax Resolution Specialist, for example, undergoes a rigorous comprehensive training and participates in annual continuing education courses specifically dealing with IRS problems. They have access to up to date material on an ongoing basis. […]
At Lifeback Tax, our goal is help our taxpayers with a structured resolution based on their financial situation to elevate the burden of back taxes owed to the IRS/State. Each taxpayer is different and has its own unique story. We at LifebackTax work with taxpayers all across the United States and help them settle their […]
The answer is YES!! Internal Revenue Code, (IRC) 7345, allows the IRS to notify the State Department of all taxpayers with a serious delinquency. The state department, upon the notice of a serious delinquency, can prevent an issuance of a new passport or the renewal your current passport. The IRS considers it a serious delinquency […]
I believe we all have received scam calls in order to extract money from us. The most popular scams have been the IRS calling you to seize your property. We have had many clients call our office in a panic that they are about to lose their assets because the person on the scam call […]
Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with you. The bad news is, they’re relentless in their collection of back […]
The IRS audit is an examination of individual/business accounts and financial information to ensure correct income and expenses were reported on the tax returns. The audit is conducted to ensure the correct amount of tax was paid to the government. The IRS generally can audit you for up to three years after you file your […]