Falling behind on your debts is never a positive experience. However, if those delinquent debts include federal taxes, you have a right to be concerned. The federal government has authority and power beyond what most creditors have, especially when it comes to...
Firm News
Are you at risk of IRS levies?
The IRS has a reputation for being ruthless and terrifying. While this may not necessarily be true, it may seem so if you have fallen behind on your taxes. The fact is that the IRS does have power that other creditors do not have to collect what it wants you to pay....
Can an offer in compromise help you with your tax debt?
You have certainly heard horror stories about people dealing with the Internal Revenue Service. The IRS has long carried a reputation for coming down hard on citizens who fail to pay their taxes. While it is true that the government can exact stiff penalties on those...
What kind of taxes does your business pay?
No one likes to think about paying taxes. Even so, it's a necessary part of business. The IRS enjoys a significant amount of power when it comes to collecting the taxes it says your business owes.When it comes to collecting taxes from a business, the IRS may do so...
When the IRS threatens wage garnishment
Among the many government agencies, the IRS may be the one people vilify most. After all, when a large percentage of your paycheck disappears before you even earn it, it's difficult not to have hard feelings about it. While you know the good things that are...
The IRS may seize your home or business, but should it?
The two things that just about everyone in the United States fears are death and taxes, and many people spend years attempting to avoid them, bargain with them and make deals for a little bit more time. When it comes to owing federal taxes, most people end up making...
Protecting your rights when you owe the IRS
Tax debt is unlike any other. Owing money to the federal government can be an overwhelming burden that follows you wherever you go. It may keep you awake at night, damage your relationships and interfere with your enjoyment of life.Falling behind on your taxes is...
Taxes play a significant role in dividing retirement in a divorce
One of the best things about building a retirement or pension plan is that you don't incur any tax liability as it grows. Of course, you will have to pay taxes once you start drawing on it when you reach retirement age, but in the meantime, you can accumulate as much...
Is the IRS saying you failed to pay your payroll taxes?
When you started your business, you knew that you would have a significant amount of paperwork to take care of, including payroll for your employees. Part of your responsibilities when it comes to paying your employees is making sure that you submit the appropriate...