Sabrina Santos's (sernataxsolutions) Blog

As a general rule, the IRS only has 10 years to collect your tax debt, at which point, the debt expires and is no longer collectible. (As with all IRS issues, there are some exceptions to the rule.)The 10-years starts ticking down on the date that the tax is assessed.  Once the 10-year time perio...

What happens with the IRS sends you a tax bill for a year that you did not file a tax return?This is what happens when the IRS has documentation that indicates that you made money (it could be a W2, 1099, or any other document issued to your social security number), but you did not file a return ...

The first thing everyone asks about their IRS debt is "can we negotiate it down"?  While the answer may be "yes", the IRS will not even consider your offer or your payment plan agreement if you are not in "tax compliance".What does this mean in IRS language?In order to be in "compliance" with the...

Earlier this month, President Trump announced what people are calling “Payroll Tax Cuts” as a memorandum, and there are a lot of questions. Here are some of the highlights:~It is a memorandum that says “Hey Mnuchin, here is what I want you to do, now figure out how to do it”. What that means is t...

Yes, the IRS can and will put a lien on your house.  No, they don't even have to tell you.  It happens automatically when you owe them money.  Here is what you need to know about house liens, how they happen, how to avoid them, and how to get a lien on your house removed if you need to sell it. T...

You read that correctly!  The IRS has the authority to deny or revoke your passport!  When, how, and why do they do this?  It all has to do with past debts and you ignoring their attempts to get a hold of you.  The good news is, you can avoid this situation.  Here is what you need to know:In 2015...

I hear this one a few times every year: "I owe the IRS a lot of money this year.  If I don't file my taxes, they won't know that I owe them, and I won't have to pay it."In a world where you are the only one who reports to the IRS, that strategy might be a great one!  However, that is not the worl...

With over 14 MILLION collections cases currently active at the IRS, and that number expected to grow exponentially after the COVID-19 fallout, do not feel like you are alone if you are the recipient of one of the IRS "love letters".  My job  at Serna Tax Solutions, LLC is to help clients navigate...