IRS Collections Archives - Affordable Tax Relief

Can the IRS Take My Social Security?

Elyssa Carlos — Mon, 18 Aug 2025 08:02:00 +0000

Social Security benefits provide a crucial lifeline to millions of Americans, especially retirees and disabled individuals. Owing back taxes does not prevent you from applying for or receiving these benefits. However, once payments begin, the IRS has the legal authority to seize up to 15% of your monthly Social Security retirement. They can also levy […]

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What You Need to Know About IRS Bank Levies

Elyssa Carlos — Mon, 11 Aug 2025 20:29:19 +0000

When dealing with unpaid taxes, one of the most significant and immediate consequences can be an IRS bank levy. This powerful enforcement action allows the IRS to legally seize funds directly from your bank account to satisfy outstanding tax debts. Understanding how an IRS bank levy works, the accounts it can affect, your rights, and […]

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Can You Reapply for an Offer in Compromise After It’s Denied?

Elyssa Carlos — Thu, 07 Aug 2025 08:00:00 +0000

If your Offer in Compromise (OIC) was denied, you might feel like the IRS just closed the door on your best shot at resolving your tax debt for less than you owe. But here’s the good news: a denial doesn’t always mean it’s over. You can reapply for an OIC, and in some cases, you […]

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Do Back Taxes Affect Credit Scores?

Elyssa Carlos — Wed, 30 Jul 2025 08:00:00 +0000

When managing personal finances, understanding the impact of back taxes on your credit score is crucial. Many people may wonder whether owing money to the IRS or a state tax agency could damage their credit. After all, credit scores play a pivotal role in securing loans, renting an apartment, buying a home, or even landing […]

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What Assets Can the IRS Seize?

Elyssa Carlos — Thu, 24 Jul 2025 08:00:00 +0000

It can be difficult and frustrating to deal with tax debt. You might be concerned about whether the IRS has the right to seize your assets if you owe taxes to them and haven’t taken steps to address the debt. Understanding which assets the IRS can seize is crucial for taxpayers, particularly those facing financial […]

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Does the IRS Really Show Up at Your Door? What Field Visits Are (and Aren’t)

Elyssa Carlos — Wed, 23 Jul 2025 08:00:00 +0000

If you’re a taxpayer, few things sound more terrifying than hearing a knock at your door, only to find someone claiming to be from the IRS. But does the IRS really show up at your door? In recent years, the Internal Revenue Service has changed its procedures to reduce confusion and increase taxpayer safety. That […]

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What You Need to Know About State Tax Audits

Elyssa Carlos — Fri, 18 Jul 2025 18:18:07 +0000

We often discuss IRS tax audits, but you can just as easily be audited by your state. Like an IRS audit, state tax audits can be stressful and intimidating for taxpayers. But what triggers a state tax audit? Is it less severe than an IRS audit? Would a state tax audit result in an automatic […]

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How the IRS Calculates Interest on Tax Debt

Elyssa Carlos — Mon, 07 Jul 2025 08:00:00 +0000

Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. This means your balance can grow faster than you expect, especially if you wait […]

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Can You Get a Car Loan With IRS Debt or a Tax Lien?

Elyssa Carlos — Thu, 03 Jul 2025 08:00:00 +0000

If you’re struggling with IRS debt or have a federal tax lien on your record, you may be wondering how it will affect your ability to finance a vehicle. The short answer? It’s still possible to get a car loan. However, it won’t be as straightforward. Lenders take a close look at your creditworthiness, and […]

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What is a Tax Lien?

Elyssa Carlos — Sat, 28 Jun 2025 18:56:24 +0000

A tax lien is a legal claim by a government authority, such as the IRS, against a taxpayer’s property due to unpaid tax debts. This claim acts as a security for the government, ensuring the taxpayer’s obligation is eventually fulfilled. Tax liens can significantly impact individuals and businesses, making it essential to understand their implications […]

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