The Complete Guide to Taxes, Tax Liens, and Tax Levies

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Credit Info Center not only provides information on how to fix your credit and get out of debt, but we also offer information on taxes. Tax codes change all the time but there are some things that remain the same — tax levies, how to avoid an IRS audit, and how to negotiate back taxes with the IRS. All of these topics, and more, are covered in the articles below.

Alternative Minimum Tax (AMT) — Learn what alternative minimum tax is and if it applies to you. This article explores the history of AMT and how to minimize and plan for this year-end tax.

What is a Tax Lien? — A tax lien can be filed by the state or the federal government against you for taxes owed. Find out more about tax liens and how to release one.

What is a Tax Levy? — If you owe the IRS money, they can legally seize your assets to pay off your tax debt. Learn more about tax levies and how to handle a levy from the IRS.

Different Types of Tax Levies — There are three ways the IRS can seize property from you to pay off your tax debt. This article describes all three methods and how to know when an IRS tax levy has ended.

What is an IRS Offer in Compromise? — If you are looking for a way to settle your tax debt with the IRS, an Offer in Compromise might be the best solution for your situation. Learn what an OIC is and if it will work for you.

How to Negotiate Your Tax Debt with the IRS — If you owe money to the IRS, there are ways to negotiate a deal to settle your debt.

Tips to Avoid an IRS Audit — With only one percent of all tax files flagged for an audit, you want to do all you can to avoid having to go through this painful and time-consuming process.

College Grad’s Guide to Filing First Tax Return — First job and first paychecks mean having to file an income tax return. If you are a recent college grad, here are some suggestions to get you ready to file your tax return.

What is Taxable and Non-Taxable Income? — You think you know what is taxable income and what is not — you might be surprised.

Can Unpaid Taxes Affect Your Credit? — The mere fact you owe the IRS money isn’t automatically reported to the credit reporting agencies, a tax lien is. If you owe the IRS money, learn if it will show up on your credit report, and if it does, how to get rid of it.

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