How does the IRS respond to unpaid tax debt? When taxpayers owe more in taxes than they can afford, the IRS has a structured process for pursuing collection. Initially, the agency sends notices to alert individuals of their outstanding balance.…
What is the difference between a civil tax audit and a criminal tax investigation? Shamsey Oloko explained that a civil audit typically results in the taxpayer owing money, which could be a small or large amount, or sometimes no penalty…