1-800-548-4639What Happens If You Don’t File Taxes?
If you don’t file your taxes, the IRS can still assess what you owe, add penalties and interest, and eventually take collection action. In many cases, not filing creates a worse outcome than filing and not paying. Even if you can’t afford to pay your taxes, filing your return is one of the most important […]
Read moreIRS Back Taxes or Unfiled Returns? What to Do Now
If you haven’t filed your taxes yet, you could already be getting charged penalties — and they increase every month. If you have IRS back taxes or unfiled returns, the most important thing to know is this: you still have time to reduce the damage, but you should act now. A lot of people assume […]
Read moreDenver Back Tax Relief
Owing back taxes can feel overwhelming, especially when letters start piling up or collection notices arrive. Penalties and interest continue to accumulate, and unresolved balances can result in liens, levies or wage garnishments. If you are behind on federal or state taxes, taking action sooner rather than later matters. Professional back tax relief services in […]
Read moreWhat Is the Difference Between a Lien and a Levy?
What Is the Difference Between a Lien and a Levy? When you owe the IRS money, their goal is to get paid. The IRS will issue a federal tax lien as a legal claim against your assets. Similarly, state tax authorities can issue their own form of tax lien if you owe them money, […]
Read moreDo I Have to File Taxes on Social Security Income?
Do I Have to File Taxes on Social Security Income? In many instances, you don’t have to file taxes on your Social Security income, but it depends on what other income you have. If Social Security is your only source of income, you generally do not need to file a federal tax return. Most […]
Read moreWhat to Expect if You Owe the IRS $25,000 or More
Owing the IRS $25,000 or more raises questions about what happens next and how to resolve it. The IRS’s collection procedures get more aggressive, and payment options change. It also leads to compounding penalties, federal tax liens and wage garnishment or bank levies. Knowing the resolution options and when professional guidance makes sense should help. […]
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