Tax Collection/Bankruptcy
06.1.2020
By Jennifer L. Rath, Enrolled Agent If a taxpayer owes federal taxes, but does not have the financial ability to pay these taxes in full,…
07.25.2018
As extension season awaits us in less than three months, there are many taxpayers who will discover that they have fallen victim to identity theft.…
06.22.2018 |
Jonathan H. Nason
Generally, an employer is required to deduct and withhold Federal Insurance Contribution Act taxes ("FICA"), Federal Unemployment Tax Act taxes ("FUTA"), and income tax withholding…
06.21.2018
The IRS recently announced that it will be extending the streamlined payment plan pilot program through September 30, 2018. The plan allows taxpayers with federal…
05.29.2018
The IRS has the power to seize or “levy” assets, banks accounts, wages and other assets and income of an individual or business to satisfy…
04.15.2018
The IRS recently announced that, beginning this month, the tax agency will be assigning certain unpaid tax accounts to private collection agencies. The IRS will…
03.14.2018
The IRS requires businesses to obtain a Form W-4 from each employee, and also a Form W-9 from contractors and others who may receive payments…
03.1.2018
An IRS tax levy is a seizure of a person’s property or rights to property. The IRS then uses the seized property to pay taxes…
10.4.2017 |
Erik P. Doerring
The United States has a voluntary tax reporting system. Once a tax return is filed, however, the IRS will seek to verify that filed tax…
09.27.2017 |
Erik P. Doerring
If an individual or business owes but has not paid federal taxes, the IRS will make efforts to collect these taxes. The IRS will first…