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…
Many taxpayers feel uneasy when they open a letter from the IRS and see that they owe penalties. The good news is that the IRS offers opportunities to remove or reduce penalties in certain cases. If you have received a…