Tax Liens and Your Business

Buѕіnеѕѕ аnd іndіvіduаl fіlеrѕ аrе rеԛuіrеd tо рау thеіr fеdеrаl tаx оn оr bеfоrе thе duе dаtе. Thоѕе whо dо nоt рау thе tаx оwеd соuld fасе еnfоrсеmеnt асtіоn bу thе Intеrnаl Rеvеnuе Sеrvісе (IRS), thе rеѕult оf whісh...
Read More

Private Debt Collections Are Back By The IRS

The Internal Revenue Service announced that it is beginning in the spring with private collection of federal tax debts. The new program enables designated contractors to collect on the government’s behalf, outstanding tax receivables. These designated contractors will work on accounts where taxpay...
Read More

Trust Fund Recover Penalty

A trust fund recovery penalty is assessed against a person who is responsible for failing to pay payroll taxes. The trust fund recovery penalty is the portion of the employee’s check that is withheld for income taxes and social security. The IRS takes a shot gun approach to assessing this penalty ...
Read More

IRAs and Tax Debt

Lately, the IRS has shown an increased willingness to seize IRAs and retirement accounts to pay delinquent tax debts. These deplorable levies are genuinely frightening to a retiree who cannot survive on Social Security alone. IRS management moves slowly in it’s approval of such levies. If you are ...
Read More

What You Need to Know About Tax Liens

A Lien is a measure the IRS can take out against you if you fail to pay your taxes or respond to messages from the IRS telling you to do so.  With a tax lien against your property, you will be unable to sell or transfer that property, or to even take out a loan […]...
Read More