Understanding the difference between a federal and state tax levy can prepare you for the next steps to get in good standing with the tax man. Part of the duties of the state and federal governments is to collect taxes from taxpayers – and to pressure taxpayers into paying their debts when they’re behind on …
It can be extremely stressful to be in debt with the IRS or to owe them money. If you find yourself in this situation, take a deep breath, and learn about the potential ways to receive an IRS tax settlement under certain circumstances. If you have ever been in debt to the IRS, you know …
If you have outstanding payments or tax debt, it’s important to take steps to resolve the issue as soon as possible. Here’s how to set up a payment plan with the IRS in five easy steps. The IRS is responsible for ensuring that every taxpayer upholds their end of the collective bargain. If one fails …
How far back can the IRS audit you? Here’s what you should know about the IRS audit process, and what to do if you receive a notice. One of the IRS’s main functions is to investigate tax fraud. The government has a vested interest in tackling tax fraud, even more so than tax negligence or …
Delinquent taxes can lead to dangerous consequences from the IRS, but what exactly are these taxes, and how can they negatively affect you? Tax Day falls on mid-April nearly every year, with certain exceptions (such as 2020 and 2021, due to COVID-19). All eligible taxpayers contribute to the government’s coffers throughout the year, but Tax Day …
It can be incredibly stressful trying to resolve tax debt, but with the help of a tax professional and these 7 tips, you can get back on your feet. Both state and federal governments take tax debt very seriously, to the point of levying criminal charges on those who willfully ignore their taxes or attempt …