How Much Can the US IRS Garnish From Your Paycheck for Back Taxes?
💡Unlike standard civil creditors who are generally capped at taking 25% of your disposable income, the IRS can garnish most of your paycheck for federal back taxes. The exact amount…
by catalog.lawyerMar 25 No commentsHow to File a US IRS Injured Spouse Allocation Form 8379?
💡If the federal government intercepts your joint tax refund to pay for your spouse’s prior legal debts (like unpaid student loans or child support), you can file IRS Form 8379…
by catalog.lawyerMar 25 No commentsHow to Report Cryptocurrency Staking Rewards on US Federal Taxes?
💰Under current IRS guidance (Revenue Ruling 2023-14), you generally must report cryptocurrency staking rewards on your US federal taxes as ordinary income at their Fair Market Value the moment you…
by catalog.lawyerMar 25 No commentsHow Long Does It Take to Get a Tax Lien Removed in the US?
💼If you pay your federal tax debt in full, the IRS is legally required to release the tax lien within 30 days. Alternatively, if you set up a qualifying Direct…
by catalog.lawyerMar 25 No commentsHow Much Are IRS Failure to File Penalties in the USA?
💰In the USA, the IRS Failure to File penalty is incredibly steep, generally costing 5% of your unpaid taxes for every month your return is late, capping at a massive…
by catalog.lawyerMar 25 No commentsHow Long Does the US IRS Have to Collect a Tax Debt?
💰In the United States, the IRS generally has a 10-year statute of limitations to collect unpaid tax debt. This period is known as the Collection Statute Expiration Date (CSED). However,…
by catalog.lawyerMar 25 No commentsHow to Remove an IRS Bank Levy in the USA?
💰To remove an IRS bank levy in the USA, you generally have a strict 21-day holding period to contact the agency before your bank legally surrenders your money. Most taxpayers…
by catalog.lawyerMar 25 No commentsWhat to Do If the US State Department Revokes Your Passport for Tax Debt?
💡Under the FAST Act, the US State Department can revoke or deny your passport if the IRS certifies you have a “seriously delinquent tax debt” (generally exceeding $62,500, adjusted for…
by catalog.lawyerMar 25 No commentsHow to Claim the Foreign Earned Income Exclusion (FEIE) on US Taxes?
🌎Generally, to claim the Foreign Earned Income Exclusion (FEIE) on your US taxes, you must attach IRS Form 2555 to your standard return. For the 2025 tax year (filed in…
by catalog.lawyerMar 25 No commentsWhat is the US Trust Fund Recovery Penalty for Unpaid Payroll Taxes?
💡The US Trust Fund Recovery Penalty (TFRP) allows the federal government to pierce the corporate veil and hold business owners, managers, or accountants personally liable for unpaid payroll taxes. If…
by catalog.lawyerMar 25 No commentsHow Much Does It Cost to Apply for a US ITIN?
💡Applying for a US Individual Taxpayer Identification Number (ITIN) using IRS Form W-7 is technically completely free if you mail the documents yourself. However, most applicants choose to use a…
by catalog.lawyerMar 25 No commentsWhat Are the US Tax Implications of Giving up American Citizenship (Exit Tax)?
🚈Renouncing your US citizenship can trigger a massive Expatriation Tax, commonly known as the Exit Tax. If your net worth exceeds the federal threshold (over $2 million), the IRS generally…
by catalog.lawyerMar 25 No commentsHow to Set Up an IRS Installment Agreement Online in the US?
💻Generally, if you owe the IRS less than $50,000 in combined taxes, penalties, and interest, you can set up a guaranteed Installment Agreement online in just a few minutes. Most…
by catalog.lawyerMar 25 No commentsWhat to Do If You Mistakenly Received a US 1099-K Form?
💡Receiving a US 1099-K form for personal transactions on platforms like Venmo or PayPal does not automatically mean you owe additional taxes. To avoid paying taxes on personal reimbursements, you…
by catalog.lawyerMar 25 No commentsWhat to Do If You Are a Victim of Tax Identity Theft in the US?
💡Generally, if you are a victim of tax identity theft in the US, you must immediately file IRS Form 14039 (Identity Theft Affidavit). To prevent future fraud, you should also…
by catalog.lawyerMar 25 No commentsHow Does the US Foreign Investment in Real Property Tax Act (FIRPTA) Work?
🏠Under the US Foreign Investment in Real Property Tax Act (FIRPTA), a buyer is generally required to withhold 15% of the gross sales price when purchasing US real estate from…
by catalog.lawyerMar 25 No commentsHow Are Alimony Payments Taxed Under Current US Federal Law?
💡Under current US federal law, if your divorce was finalized or significantly modified after December 31, 2018, alimony/spousal support payments are no longer tax-deductible for the payer. Furthermore, the recipient…
by catalog.lawyerMar 25 No commentsWhat Are the US Tax Rules for Renting Out Your Primary Residence?
🏠The “Augusta Rule” allows you to rent out your primary residence in the US for up to 14 days per year completely tax-free, without reporting the income to the IRS.…
by catalog.lawyerMar 25 No commentsHow to Get an IRS Certificate of Discharge for a Property Lien in the USA?
🏠Generally, to sell US real estate burdened by a federal tax lien, you must submit IRS Form 14135 to apply for a Certificate of Discharge. This allows you to transfer…
by catalog.lawyerMar 25 No commentsWhat to Do If You Receive an IRS CP2000 Notice in the USA?
📬If you receive an IRS CP2000 Notice in the USA, it simply means the income you reported on your tax return does not match the information the IRS received from…
by catalog.lawyerMar 25 No commentsHow Does the US IRS Tax Non-Resident Aliens on Rental Income?
🏲️By default, the IRS requires a mandatory 30% tax to be withheld from the gross rental income of all non-resident aliens. However, foreign investors can file Form W-8ECI to elect…
by catalog.lawyerMar 25 No comments
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