Dealing with your tax debt can be stressful and difficult, and you may find that your financial struggles in this area carry over to other areas of your life as well. You know that you need a way out, but you are unsure of your options. Tax issues are common, and you...
Year: 2022
This IRS program helps people with late and unpaid taxes
Atlanta has had a wild few years, hasn’t it? Between a global pandemic, a rollercoaster economy and job market and inflation, many of us have faced money troubles at some point during this period. Thankfully, the IRS, of all people, understands and wants to help you....
Tax debt and knowing what to expect from the collection process
Falling behind on financial obligations can be a stressful experience and the longer this process goes on, the more complex it might be to resolve. Individuals in Georgia who are unable to pay their tax debts by the due date may have questions about how best to handle...
Is there a statute of limitations on back taxes?
While there may be many individuals who look forward to tax season and the possible windfall of funds that might come with tax returns, this might not always be the case for everyone. Individuals in Georgia who feel they will be unable to pay their taxes may find the...
Can owing back taxes negatively impact my credit score?
Changes in life circumstances can often affect your tax bill in unanticipated ways. Maybe you made the transition from employee to self-employed this year. Suddenly, your company isn’t withholding your Medicare and social security taxes for you – leaving you to with...
Seeking tax relief via the Fresh Start Program
Issues with unpaid tax debts can arise in various situations and those who face similar concerns may find themselves in a significant financial bind. Overdue tax debts can lead to interest fees and penalties, or even prompt issues such as tax liens and levies....
Possible ramifications of past due payroll taxes
While hiring employees to assist with operations can be beneficial in various ways, such an endeavor can also come with a great deal of responsibility. Payroll management is a topic that could prove integral to the well-being of a company, and even if business owners...
What happens if you are unable to pay your taxes?
Every adult has the responsibility of paying what he or she owes to the state and to the federal government. By earning an income, a person is agreeing to pay appropriate taxes in a timely manner. However, unexpected financial circumstances may arise, and you may be...
Preparing for a tax audit on a business
Receiving notification that the IRS plans to audit one’s business can prove a stressful and intimidating concept. Since there are various factors that might trigger a similar process, creating a strategy for the possibility could prove integral. Knowing what might...
Risks of failing to file taxes on cryptocurrency
Digital currencies continue to rise in popularity and many individuals might feel inclined to invest in similar opportunities. While cryptocurrencies may differ from other types of currency in various ways, many of the same rules may apply when pertaining to filing...