IRS Problems

What are Back Taxes?

The term “Back Taxes” refer to tax debt that wasn’t paid when it was due. Typically, these are taxes that are owed from a previous year. You might owe back taxes if you were unable to pay on time, or if you failed to file your tax return on time and had tax liability that you owed. Read the full article –>

Federal Tax Lien Explained

A federal tax lien is issued when the US Government files a claim against your assets as a result of a failure to pay a tax debt – or if you neglect to pay a tax debt you owe.  This can happen if you fail to file your taxes when you neglect or fail to pay a tax debt. You can also be issued a state tax lien for unpaid state tax debt.  A federal tax lien establishes the IRS’s interest in collecting your debt by seizing your property Read the full article –>