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 […]
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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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 […]
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 […]
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 […]
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 […]
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6 Myths About Tax Professionals
Myth #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. […]
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Recent Success Stories
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 […]
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New Social Security Suspension Scam
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 […]