IRS Collection Actions
IRS COLLECTION ACTIONS The IRS is the country’s largest and most powerful collection agency, empowered by Congress to take whatever actions are necessary to collect taxes owed to the federal government. Such broad authority can easily instill fear among those unfamiliar with the IRS’s collection procedures. What is IRS? The Internal Revenue Service (IRS) is […]
IRS DEBT
IRS DEBT The monetary sum owed to the Internal Revenue Service (IRS) by an individual or a business that has failed to pay federal taxes is called IRS debt. The debt could result from a failure to pay taxes on time, a mistake in tax calculation, or other factors. If taxpayers fail to pay their […]