Tax debt can be a daunting burden for individuals and businesses alike, with consequences that can spiral out of control if left unaddressed. It’s common for individuals to wonder how they ended up in their current tax debt predicament, so let’s look into the tax debt timeline, starting from the initial accumulation of debt to the strategies individuals can employ to permanently resolve their tax challenges. The Accumulation of Tax Debt Tax debt can start innocently enough. Many times it’s due to financial challenges that individuals or businesses face. For individuals, it’s often caused by u ..read more

Tax collection is one of the main ways in which the government can generate revenue. The Internal Revenue Service (IRS) serves as the primary agency responsible for collecting the taxes, enforcing tax laws, and ensuring taxpayers stay compliant. Behind the scenes, the IRS operates through a complex framework of procedures and regulations, and it holds significant authority to go after taxes that are unpaid. Let’s spend some time understanding the inner workings of the IRS and go over the steps to take if you need assistance navigating the complexities of tax collection. The IRS’s Role in Tax ..read more

Tax debt can quickly spiral out of control, leaving you and your businesses feeling overwhelmed and uncertain about your financial future. How did you get here and what are your options? Let’s explore the web of tax debt, and uncover the underlying causes and the consequences of unpaid taxes. By understanding all of the factors that can contribute to tax debt and knowing the potential ramifications of not paying your taxes, you can take proactive steps to address your tax liabilities and achieve financial stability. If you owe $10,000 or more in taxes, contact us today to schedule a free and ..read more

Tax season is a time of heightened stress for many individuals and businesses grappling with the complexities of their financial obligations. Amidst this anxiety, the Offer in Compromise (OIC) program emerges offering a potential lifeline to those burdened by overwhelming tax debt. However, while the OIC program holds the promise of resolving tax liabilities for less than the full amount owed, navigating its intricacies can be daunting, particularly for taxpayers attempting to go it alone. The tax relief professionals here at PJN Tax Solutions have witnessed the challenges that individuals fa ..read more

Taxes can be complex and overwhelming. When back tax debt comes into the picture, things can get a bit more complicated and stressful. If you fail to pay your back taxes, two terms often surface: “lien” and “levy.” These terms have specific meanings and consequences in the realm of taxation, and understanding the differences is essential for anyone seeking tax relief. Let’s demystify these terms and explore their implications. Note: If you’re facing threatening letters from the IRS or have a “Notice of Federal Tax Lien”, call us immediately to find what tax relief options you may qualify for ..read more

The IRS is known for its formidable reputation when it comes to collecting taxes and pursuing non-compliant taxpayers. However, there are common misconceptions about the extent of their powers and the severity of the tactics they can pose. In this article, we’ll shed light on some common IRS tactics and what the IRS can actually do, providing valuable insights from a tax relief professional’s perspective. If you have dealt with any of the common tactics listed below, contact our office today for a free, no-obligation consultation to review your options. Tactic #1: Seizing Your Home or Assets ..read more

Back tax relief is a lifeline for individuals and businesses burdened by unpaid or delinquent taxes. As tax relief professionals, we understand that navigating the IRS maze of complexities of back taxes can be overwhelming. In this article, we’ll provide an in-depth perspective on what back tax relief is, its significance, and how it can transform your financial outlook. Contact our office today to understand how exactly back tax relief pertains to your situation. What Are Back Taxes? Back taxes, sometimes referred to as delinquent taxes or tax arrears, are taxes that have not been paid by th ..read more

Dealing with the IRS can be a daunting and frustrating experience, especially when attempting to resolve substantial tax debt independently. Many taxpayers find themselves entangled in a web of bureaucracy, with confusing and complex procedures. In this article, we’ll shed light on the major areas of frustration that individuals face when trying to contact the IRS on their own and explain why seeking professional tax relief assistance is often the best path to resolution. 1. Endless Wait Times & Automated Phone Systems One of the most common frustrations taxpayers encounter when reaching ..read more

Tax issues can be complex and overwhelming, and when you find yourself facing IRS problems or unmanageable tax debt, it may be time to seek assistance from a tax resolution professional. Tax resolution professionals can help individuals and businesses navigate the intricacies of the tax system and find viable solutions to their tax challenges. In this article, we will explore the key indicators that signal when it’s time to reach out to a tax resolution professional for assistance. Note: If any of the reasons below apply to you, contact our office today at (630) 415-5296 for a free, no-obliga ..read more

When filing your taxes, one misstep and you might find yourself facing tax penalties and interest that can quickly accumulate, adding strain to your financial situation. This article aims to demystify tax penalties, how they accumulate, and ways to minimize or avoid them. One thing to note is that the IRS charges interest (currently at 8%!) on penalties, making these penalties on top of your original tax debt that much more costly. To get out of this situation you need a qualified tax resolution expert on your side, fighting on your behalf and negotiating with the IRS.  If you find yourse ..read more