Collection Activities Archives - Page 4 of 8 - FREE Yourself from IRS Problems

Shamsey Oloko August 25, 2016 Collection Activities, Debt Forgiveness, Tax Evasion, Tax Fraud 0

I’m Retired And I Have Tax Debt, What Now? Part 1: Retirement Assets

Taxpayers that retire with unpaid tax debt seemingly face a grim retirement because of the thought that assets reserved and necessary for retirement will be taken by the IRS. Here is the first part of our blog on what retired…

Shamsey Oloko August 24, 2016 Collection Activities 0

How Long Does A Status Of “Currently Not Collectible” Last?

“Currently Not Collectible” (“CNC”) status exists when the IRS categorizes a taxpayer’s account as uncollectible. This status may occur when the ten-year statute of limitations for collecting a tax debt expires or the IRS is unable to locate a taxpayer.…

Shamsey Oloko July 25, 2016 Collection Activities, Phishing, Tax Scams 0

The New Tax Scam: Bogus “Federal Student Tax”

In late May of 2016, the IRS issued a warning to predominantly student taxpayers about fake phone calls allegedly from IRS representatives demanding payment for a “Federal Student Tax,” a tax which doesn’t even exist. Despite the April tax deadline…