Failure to pay federal income tax can have serious repercussions. Not only will the IRS likely charge you fines and interest on the unpaid balance, but the IRS may also enforce collection...
Posted by KLSM CPA Firm PLLC on 01/21/2021
Before you reach out to the tax preparer for tax help, it is important that you learn about the tax liens and levies by yourself. Until the time they may be paying returned the debt,...
Levies are legal seizure of properties for the satisfaction of tax debts. It is essential to understand the difference between Liens and levies. Liens are legal claims against the...
Posted by Flynn Financial Group Inc on 07/30/2018
Failure to file timely tax returns or to pay taxes owed to the IRS can result in stiff penalties, tax liens, and wage garnishment. This is a situation that everyone should avoid. However,...
Posted by Michael Coleman Tax & Accounting on 01/25/2017
When you owe the IRS money, the first thing you should do is contact one of your local professionals at Bullard & Associates in Bowie, Maryland. Ignorance or inaction on...
Posted by BULLARD & ASSOCIATES on 01/30/2016
For those people who do not receive a tax refund, but actually owe the IRS money, the idea of a tax levy being placed on them can be crippling. If you believe that this may happen...
Posted by Larry Gurewitz on 01/26/2016
Life happens! We all know that we can get busy and things get forgotten. I've ran into many clients over the years that chose not to file a (or several) tax returns because...
Posted by San Diego Business Advisors on 01/20/2015
