Earlier this year the IRS announced that, as part of its larger compliance efforts begun last fall under the Inflation Reduction Act,[i] the agency’s stepped-up enforcement activity with respect to ...

When a debt collector reaches out, it can be unsettling, even if you knew that you'd defaulted on your obligations and were expecting the call. Between the pressure to pay, the perceived urgency of ...

Behind on your debt payments? If so, you may want to keep an eye out for signs that garnishment is on the horizon.

Failure to adhere to legal hold requirements can result in severe repercussions, jeopardizing the integrity of legal proceedings and exposing organizations to significant legal and financial risks.

Experience dictates that IRS Revenue Officers (ROs) are programmed to issue the Final Notice of Intent to Levy pretty quickly after the case is assigned to them, usually upon first contact. This is ...

The Internal Revenue Service's process for collecting unpaid taxes is overly complicated and delayed, according to a new report by the Government Accountability Office. Processing Content Because the ...

Tom Gillespie is an industry leader in debt collection. He is The President of Access Receivables Management in Hunt Valley, Maryland. This year, numerous creditors have told me that their days sales ...

Tax laws require you to report pay taxes on your income. If you fail to report or pay taxes, the IRS will pursue you for payment. First, the IRS will assess your liability. Then the IRS will send you ...

The partnership between lenders and title and escrow agents is complex, involving work that can be difficult to manage for both sides. Title companies receive an overwhelming amount of inbound ...

In a case involving a request to abate penalties, the Tax Court partially granted the IRS’s motion for summary judgment, allowing the remaining issues to go to trial to determine whether a taxpayer’s ...

Cash flow is the name of the game for landlords. Positive cash flow ensures your rental properties turn a profit, while negative cash flow indicates your investments are nothing more than financial ...