As an employer, you are required to pay employment taxes to the IRS for each of your employees. Failure to do this can result in penalties from the IRS. Find out what taxes you should be paying to the IRS, what penalties can result from unpaid taxes, and how an attorney can help.
If you’re having tax problems
Tag: unpaid taxes
What We Are Going to Cover: – Ignoring your tax debt won’t make it go away. In fact, it will only get worse. – The IRS is willing to work with taxpayers who have tax debts they cannot pay – 10 Reasons you shouldn’t ignore your tax debt: IRS notices Automated Collections Tax refund seizure… Read more »
Once you receive a Notice of Intent to Levy from the IRS, a bank levy or other enforced collection action is imminent. You need to take action immediately if you want to avoid having the money in your bank account seized and applied to your tax debt.
Getting married means that you will share your life with your spouse in a lot of ways including your finances. With that being said, it is not uncommon to find spouses that did not talk about their finances before saying ‘I do’. This may bring about some unprecedented problems such as finding out that your… Read more »
Back taxes are bottomless pits. They come along when you fail to disclose all your income, don’t file your tax return, or don’t pay all your taxes. No matter how innocent you are, that first step toward back taxes can cost you much more in future. It can be a daunting task to try to… Read more »
The IRS can’t seize your passport, but they can let the State Department know if you have seriously delinquent tax debt. Once this happens, the State Department can deny your passport renewal or revoke your current passport. Before this happens, you’ll have several opportunities to resolve your tax problems and keep your right to… Read more »
Are you unable to resolve your tax debt? Very few things in life are as stressful as owing the IRS money, especially if you do not have the funds to pay what you owe. “So what should I do?” You are probably wondering. Well, this should not be a complicated issue if you can get… Read more »
Are you unable to pay your taxes before the fast approaching filing deadline? Are your tax bills amounting to an outrageous sum that you cannot be able to clear in time? Whatever the case, pending bills, more so taxes, can be quite the headache because failure to pay up can damage your credit score, cost… Read more »
Unpaid Taxes, Unfiled Returns If you owe taxes to the IRS, you owe the tax whether or not your file. Some taxpayers avoid filing because they can’t pay their tax bill, but this doesn’t do anything to eliminate the tax debt.
What Happens If I Don’t File My Tax Returns? The law obligates every citizen to pay taxes to the IRS if their income satisfies a certain threshold. Only dependents are exempted from this rule. Similar to any other rule, filing tax returns is mandatory; there are no other ways about it. Failure to file tax… Read more »