Some states will suspend your driver’s license if you owe a certain amount of taxes. The IRS does not.
If you’re looking for tax debt forgiveness, you may have several options.
If you received IRS Notice CP140, the IRS is using a private collection agency to help collect your unpaid taxes.
A notice of intent to levy means that the IRS intends to take your property to pay off a tax debt. You have a limited amount of time to either make payment arrangements or file an appeal.
A CP161 notice is a bill from the Internal Revenue Service when you owe unpaid taxes.
IRS payment plans work just like a regular loan. You make monthly payments on your balance, including interest, until you pay off your back taxes. Here’s what you need to know about the IRS payment plan interest rate.
If you have income from a side business that you didn’t know you had to file or forgot to file, it’s important to act quickly. The sooner you correct your tax return, the less you’ll have to pay. What happens if you don’t file side business income? Not filing side business income usually means that …
IRS Form 5278 is a way the IRS tells you how much money you owe. What you should do depends on why you got Form 5278, but this is usually a serious situation.
Taxpayers are responsible for getting their own tax returns right, or they may face penalties from the IRS. Here’s an overview of the most common types of penalties, when they apply, and how much they could cost you.