Running a business comes with plenty of challenges and responsibilities. One issue that often catches business owners by surprise is the possibility of being held personally responsible for their company’s tax debts. Does this really happen? If so, who is…
Many people panic when they receive an IRS notice about unpaid taxes. They may fear that the government will take their entire paycheck, leaving them with nothing. The truth is that the IRS does have significant power to garnish your…
Many people who owe back taxes wonder how far the IRS can go. Some fear that the government might take funds from a retirement plan, such as a 401(k), to cover unpaid debts. These worries can grow when you receive…