Client had over $218,861.35 in past-due IRS debt. The IRS was attempting to levy his bank account and sell his assets. Client hired Herrin Law to help him. We were able to submit an offer in compromise to the IRS. The IRS eventually agreed to accept our offer. Client ended up paying $615 to the …
January 2023 | IRS Offer in Compromise | Saved Client over $217,000! Read More »
The IRS is scary. They can do more than any other creditor in terms of collections. They can put liens on your property, including your homestead. They can garnish your bank account. They can sell your stuff. They can close your business and liquidate it. And if you try to call the IRS, you could …
If you are in a chapter 13 bankruptcy, then your tax refund is likely the only chance you have at trying to get ahead. However, the Chapter 13 Trustee will almost always attempt to take your tax refund while in a chapter 13. If you want to keep your tax refund, there are several things that …
How to Protect Your Tax Refund in a Chapter 13 Bankruptcy Read More »
What is an IRS Levy? An IRS Levy is a tool used by the IRS to reclaim back taxes. It allows the IRS to freeze your wages, retirement funds or bank accounts and withdraw any available funds to pay off your debt. The IRS does not care about the bills you have to pay or …
My Debt Was Forgiven, Now What? When a mortgage company or even credit card company cancels or forgives your debt, there could be serious IRS implications. In other words, you are not out of it. Typically, when a company forgives or cancels a debt, they will mail out a form 1099-C to the individual debtor. …
