How to Keep the IRS From Taking Your Assets In most cases, correspondence from the IRS is enough to give taxpayers that sick feeling in the pits of their stomachs. The sensation gets worse if the notice contains a dreadful four-letter word, like l-e-v-y. Most people are not exactly sure what an IRS levy letter… Read more »
Overview of IRS Failure-to-file Civil Penalties Criminal tax evasion cases are difficult to establish in court, because there are so many moving parts and the burden of proof is so high. Much like the case against Mr. Capone, the criminal prosecution may only be Round One, because the IRS still has tools available to get… Read more »
Discharging Taxes in Bankruptcy You cannot escape from tax debts owed to the IRS. Luckily, there are a few options to eliminate them. Some tax obligations may be discharged and managed through bankruptcy. In the world of tax debts, this is only an option if your tax debt qualifies for a discharge. Here’s some advice… Read more »
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