The Short Answer: Yes, But With Limits The IRS does have the power to levy retirement accounts for unpaid taxes. However, not all retirement income is treated..
Month: October 2025
How to Reduce or Remove IRS Penalties
Penalty Abatement FAQs Can the IRS remove penalties on my tax debt? Yes. The IRS offers several paths to penalty relief, including First-Time Penalty Abatement (FTA), Reasonable..
How Long Does the Abatement Process Take?
If you have been hit with IRS penalties, you may be wondering how long it will take for the IRS to review a request for relief. The..
Can the IRS Garnish My Wages or Paycheck?
The Short Answer: Yes The IRS has the legal authority to garnish wages if you owe back taxes. This is called a wage levy, and it allows..
How to Stop an IRS and Protect Funds
Few IRS actions create more panic than a bank levy. One day your account looks normal, the next it’s frozen. The IRS can direct your bank to..
What Can the IRS Seize?
IRS Seizure Authority Explained When taxpayers fall behind on their federal tax obligations, the IRS has powerful tools to collect. One of the most serious is the..
Can the IRS Take My House?
The Short Answer: Yes, But It’s Rare The IRS does have the authority to seize property — including homes and vehicles — when back taxes go unpaid. ..
Can the IRS Garnish Social Security?
The Short Answer: Yes, With Limits The IRS can levy Social Security benefits if you owe back taxes. However, the garnishment is capped at 15% of your..
IRS Form 433-D: How to Set Up Installment
IRS Form 433-D is a short form used to finalize a Direct Debit Installment Agreement (DDIA) with the IRS. It authorizes the IRS to automatically withdraw monthly..
What If I Default – IRS Payment Plan?
An IRS payment plan, also called an installment agreement, can make tax debt manageable. But what if you miss payments or fall out of compliance? Defaulting on..