A federal tax lien is a legal claim the IRS places on your property to secure a tax debt. A tax levy is the actual seizure of your assets – wages, bank accounts, or property – to pay that debt. A lien says “the government has a right to this.” A levy says “the government […]
Federal Tax Lien vs. Tax Levy – What’s the Difference? Read More »
A federal tax lien is the IRS’s legal claim against all your property, including real estate, bank accounts, and future assets. If you just received one, you typically have 30 days from the date of Letter 3172 to request a Collection Due Process (CDP) hearing. Act immediately: verify the notice, gather your tax records, and
I Just Received a Federal Tax Lien – Now What? Read More »
The IRS is now using artificial intelligence to accelerate wage garnishment decisions and enforcement actions in 2026. After losing 27% of its workforce, the agency deployed AI systems that identify delinquent taxpayers faster, prioritize collection cases automatically, and trigger levy notices with minimal human review. This means the timeline from unpaid tax debt to wage
IRS Is Using AI to Speed Up Wage Garnishments in 2026: What You Need to Know? Read More »
If you haven’t filed taxes in years, you need to act now before the IRS takes enforcement action. The agency can file substitute returns that overstate your tax liability, impose penalties up to 25% of what you owe, and levy your bank accounts or wages without further warning. Filing voluntarily before the IRS contacts you
A CP504 notice is the IRS’s final balance-due reminder and a formal notice of intent to levy. It means the IRS plans to seize your bank accounts, wages, or other assets if you do not pay your outstanding tax debt or make arrangements within approximately 30 days. This is not a routine reminder. It is
Got a CP504 Notice? You Have 30 Days Before the IRS Levies Your Bank Account Read More »
The IRS entered the 2026 filing season with roughly 74,000 employees, down from 102,000 at the start of 2025. That 27% workforce reduction is already affecting how the agency handles everything from phone calls to collections cases. If you’re currently dealing with an IRS problem, whether it’s an unpaid balance, an audit, or a pending
IRS Lost 27% of Its Workforce: Why Your Tax Problem May Take Longer to Resolve in 2026? Read More »
A practitioner’s guide to the 2025 IRS Collection Financial Standards—how the PCE update affects allowances, what counts under national vs. local rules, and when smart deviations stick. We cover housing, transportation, health care, the six-year rule, and Form 433 strategy. Need help modeling IA vs. CNC vs. OIC? Ed Parsons, CPA can review your numbers and package the exhibits.
Everything You Need to Know About the IRS Collection Financial Standards (2025) Read More »
The Collection Statute Expiration Date (CSED) is the clock that governs IRS collections. This Ultimate FAQ breaks down the 10-year rule, what tolls/extends it (Installment Agreements, Offers in Compromise, CDP/Form 12153, bankruptcy, overseas residence, innocent spouse, court custody), and how to read transcripts so you don’t gift extra time to the IRS. If you’re facing notices or levy risk, Ed Parsons, CPA builds a day-accurate CSED timeline, times actions to protect wages and accounts, and negotiates practical relief (IA/CNC/OIC/Appeals). Start now: https://edparsonscpa.com/contact/
.
IRS CSED Ultimate FAQ Read More »
Got IRS Letter 566? You’re in a correspondence exam (audit by mail). This Ultimate FAQ shows exactly what to send, how to meet the 30-day clock, and how to avoid Letter 525/CP3219A with a clean, examiner-ready file. We cover HOH/EITC/AOTC/Schedule C documentation, Form 2848 representation, smart use of Form 872, Appeals strategy, and refund-hold pitfalls. If you want less stress and faster closure, Ed Parsons, CPA organizes your proof their way, negotiates timelines, and builds an Appeals-ready package from day one—so you can resolve the notice and move on with confidence.
IRS Letter 566 FAQ: Audit by Mail Guide Read More »
Opened LT11 (Letter 1058)? This Ultimate FAQ explains exactly what the Final Notice of Intent to Levy means, your 30-day CDP clock, and how to file Form 12153 correctly. You’ll see payment plan choices, CNC hardship, Offer in Compromise basics, wage/bank levy releases (Pub 1494), and CSED strategy—in plain English. If time is tight, Ed Parsons, CPA pulls transcripts, builds a bulletproof Form 433, and handles Appeals to halt enforcement. Free triage: https://edparsonscpa.com/contact/