The IRS has a number of weapons in its arsenal to collect past due taxes. One of the most drastic tools that the agency has is to place a lien on your property. When you receive notice that the IRS…
Federal law requires that you file an income tax return by April 15th and pay all of the money that you may owe to the IRS by that time. You may face a variety of consequences and penalties if you…
Certain federal taxes are deposited into a trust fund once they are collected, including: Federal income taxes Social Security taxes Medicare taxes Businesses must withhold these taxes from an employee’s paycheck and send them to the IRS. The timing of…