Sign In

    Can the IRS Seize Your Property?

    Last updated 4 days ago

    Owing a back tax debt can escalate into a situation in which the IRS may take your assets. The IRS can both seize your home and confiscate the funds that you would acquire should you attempt to sell your house. If the IRS cannot collect your unpaid taxes in this way, it can place a levy on your wages or even your back account. While it may make allowances for your basic financial needs, the IRS has the authority to take assets due from your back taxes.

    Have you been given a tax lien notice? If so, Wall & Associates, Inc. can help you take the steps needed to avoid the seizure of your assets. Call us today at (888) 702-1523 to speak with one of our associates for a free face to face consultation—we serve taxpayers nationwide.

    Not a solicitation for legal services.

    "Thank you Wall & Associates!"

    Last updated 10 days ago

    • on Review Letter
    • Dear Sir or Madam,

      I would like to take this opportunity to applaud your company for the service you have provided to my husband and me. When we initially became aware of our indebtedness to the Internal Revenue Service/IRS, we made the decision to work directly with them ourselves. In our direct communications with IRS they did not... More

    "Very Happy With the Outcome"

    Last updated 13 days ago

    • on Customer Testimonials
    • To the Wall & Associates, Inc. employees that handled my tax matters:

      Happy New Year! I would just like to say that I was very happy with the outcome of my settlement with the I.R.S. and I cannot thank you enough for your work. I was always kept up to date with phone calls, and any question I had was answered promptly and... More

    What You Need to Know About Identity Theft

    Last updated 25 days ago

    There were about 12.6 million victims of identity theft in 2012—an increase of over one million from the year before. For all intents and purposes, your social security number is your identity as a citizen of the United States, and it can cause big tax problems when another person uses it. This short guide from Wall & Associates, Inc. covers some common tax issues associated with identity theft:

    How Is an Identity Stolen?
    Simply using another individual’s SSN and name is enough to file a fraudulent tax return. SSNs are solicited through a variety of means, including phishing emails, phone calls from individuals impersonating banks or government agencies, or even direct attacks on major companies’ databases (Target, Evernote, LinkedIn, etc.). Often, a stolen SSN is then sold to undocumented workers in order for them to work legally in the United States.

    What Can a Person Do With a Stolen Identity?
    In the worst-case scenario, an individual could use your information to apply for credit, severely damaging your credit score. Even if this does not happen, a person who uses your information to earn an income may not withhold taxes. When you file your return, you won’t include those earnings on your return. Later on, the IRS will realize those earnings are not reported and you can be penalized for doing so. Or, an identity thief may file a tax return using another’s information in an attempt to claim a refund; in this case, you may not realize anything is amiss until the IRS informs you that two returns have been filed using the same SSN.

    What Should You Do if Your Identity is Stolen?
    Many people don’t find out that their identity has been stolen until they receive a letter from the IRS or creditors. In this case, it is imperative to work with a tax resolution specialist to correct the problem and avoid any penalties and interest that may have resulted. Resolving identity theft is a lengthy and difficult process, and you will have to work with your lenders, the authorities, and the three major credit reporting bureaus (Experian, Equifax, and TransUnion) to protect your credit.

    Wall & Associates, Inc. is here to provide guidance for a wide range of state and federal tax problems. To schedule a free consultation with a tax professional in your area, contact us at (888) 702-1523 today.

    Not a solicitation for legal services.

    "I would like to express our great satisfaction..." | Wall & Associates Reviews

    Last updated 29 days ago

    • on Customer Testimonials
    • Dear Sir/Madam:

      As a gesture of goodwill and appreciation, I would like to express our great satisfaction for the services rendered by the staffs of Wall & Associates, Inc. for an excellent job they have done to our office, the [OMITTED] for mending and strengthening our tax reports and records. 

      Please accept... More

Do you like Wall & Associates, Inc.?

Free Tax Consultation

Call toll-free for a free consultation




Links

  • Recent Posts
    • Loading posts... Spinner
  • View All
  • Recent Comments
    • Loading comments... Spinner
  • Popular Tags
    • Loading tags... Spinner