If you don't have the cash right away, the IRS hasinstallment plansthat can help. There's no getting around interest and penalties,but you'll avoid more severe consequences. The IRS's short-term payment plan gives taxpayers up to 180 days to settle their debt. It does carry a failure-...
Falling behind on your loan or credit card payments is never a pleasant situation to be in. You're probably wondering how this may affect your tax refund. Watch this video to find out more about how judgments can affect your tax refund.
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Even though a tax levy is a powerful collection tool, taxpayers have rights that can be exercised during the levy process. One of the most important rights is the ability to request a Collection Due Process (CDP) hearing. This hearing gives you a chance to challenge the levy or negotiate ...
Some common enforcement methods include wage garnishment, where child support payments are automatically deducted from the non-custodial parent’s wages. Liens can also be placed on the delinquent parent’s property or assets. Driver’s license suspension, tax refund interception, and even passport de...
Remember that lawyers have a lot more juice than you or I do. It may not be fair, but it’s true. If that doesn’t work, they take off the gloves. Consumers are protected by the Fair Trade Commission and a suite of powerful laws. And because the law firm is intimately familiar ...
If you ignore the lawsuit, a default judgment could be entered against you in the debt collector's favor, allowing the debt collector to pursue wage garnishment, liens on your property or even bank account levies. That's why it's important to respond to any court summons you receive, as...
more quickly than Chapter 13 bankruptcy—usually within three to six months—and allows debtors to keep all or at least most of their property. Some debtors will not qualify for Chapter 7 bankruptcy, however, and may have to look into Chapter 13 bankruptcy. If the income of the debtor is ...
must decide whether a request to sell such assets should be approved under section 363(b). As inFairfield Sentry, the court inCrystallexconcluded that the stock was located in the United States pursuant to section 1502(8) of the Bankruptcy ...
bank account, and any other assets you may have to satisfy that debt. The judge approves the garnishment to square the debt. Are all your assets vulnerable, includingSocial Security