Tax Help Chicago - Blog
Learn everything you need to know about all things taxes and tax relief in one place. We cover a range of topics to help improve your tax knowledge.
What Is a Tax Levy? A Comprehensive Guide for Taxpayers
In the realm of financial obligations, few issues are as critical yet often misunderstood as a tax levy. A tax levy represents one of the
How to Prevent and Resolve a State Tax Lien in Illinois
In the realm of financial challenges, few are as daunting yet manageable as a state tax lien. A state tax lien in Illinois represents the
Levy on Bank Account: Understanding Your Rights and Options for Tax Relief
If you find yourself with a mountain of tax debt and unable to pay it back, one of the measures that the IRS can take
10 Common Mistakes When Setting Up a Payment Plan For Taxes
Thinking about setting up a payment plan for your taxes? A payment plan for your taxes can be a smart move, but it can come
The Power of Negotiation: How An Offer in Compromise Can Save You Thousands
In the complex dance of financial obligations and IRS regulations, an Offer in Compromise (OIC) emerges as a beacon of hope for those burdened by
Path to Tax Resolution: Strategies for Settling Outstanding Payroll Tax Debts
Payroll taxes are pivotal, directly supporting essential federal programs like Social Security and Medicare. For businesses, these taxes are more than just financial obligations; they represent a commitment to employees and society at large.
Tax Liens 101: Understanding the Impact and Finding Solutions
In the realm of taxation, few terms can evoke as much concern and urgency as “tax liens.” A tax lien is a legal claim imposed by a governmental entity on a person’s property when they fail to pay the owed taxes in time. It essentially signals that the government has a legal right to the debtor’s assets, marking the first step towards potential asset seizure if the taxes remain unpaid.
Unfiled Tax Returns: Top 5 Costly Mistakes Americans Make
Unfiled tax returns are tax returns that a taxpayer fails to submit to the appropriate tax authority by the required filing deadline.
Filing taxes can be overwhelming, and it’s not uncommon for some individuals to miss the deadline, leading to unfiled tax returns. But don’t panic! We’ll guide you through filing your 2022 taxes late and help you avoid the top 5 mistakes that can have serious consequences.
