Tax Collection/Bankruptcy
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…
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…
09.20.2017 |
Erik P. Doerring
Married couples may file a joint federal income tax return together, reporting their joint income and expenses. The benefit of a joint return is that…
09.13.2017 |
Erik P. Doerring
Businesses that have employees and pay wages and salaries must withhold federal employee income taxes and the employee's share of federal employment taxes (FICA) from…
09.6.2017 |
Erik P. Doerring
Where an individual or business owes IRS taxes, Congress has given the IRS a tax lien against all the assets of the taxpayer. The lien…
08.30.2017 |
Erik P. Doerring
Where individuals and businesses owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. Known as…
08.16.2017 |
Erik P. Doerring
If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can "seller-finance" and offer…
08.9.2017 |
Erik P. Doerring
The United States has a voluntary income tax reporting system. U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the…
08.2.2017 |
Erik P. Doerring
Many individuals and businesses owe taxes to the IRS, or they have not filed their tax returns or both. While the IRS may be the…
