Owing taxes can be stressful and overwhelming. If you are seriously delinquent in paying your taxes, you may be concerned that the IRS can place a lien against your property, levy your bank account, or seize your property to satisfy the debt. However, be aware that...
Tax
How Long Does the IRS Have to Collect Back Taxes?
If you owe the Internal Revenue Service money and are wondering “how long does the Internal Revenue Service have to collect back taxes,” you may be relieved to know that you won’t have to carry the burden forever. Just a very, very long time. The Internal...
Tax Emergencies on the Day Before Filing
One of the tests of leadership is the ability to recognize a problem before it becomes an emergency. -- Arnold H. Glasow Like many native New Yorkers, my mom moved to Florida once she reached a certain age, and I annually round up the family and drive south to visit...
Tax Issues When Starting Your Business
“With great power there must also come great responsibility.” – Ben Parker As you begin plotting what type of business yours will become, it’s good to look at how different structures will dictate what types of taxes you will pay and how high they could be. The...
It’s Always Election Season: 83(b)
“The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling.” ― Paula Poundstone There are various ways employees and freelancers can be paid. Sometimes, particularly when small businesses are concerned, people are not paid by...
Oh no! My taxes REALLY ARE DUE TODAY!
That’s right. Today’s the day. I reminded you on Friday.