Did you know that you might be denied a passport application or your current passport revoked if you have seriously delinquent tax debt? With the current law, the Internal Revenue Service (IRS) has the authority to certify any delinquent tax debt to the State...
What could happen if you don't pay your taxes? Payment of taxes is not a request, rather, it is a compulsive duty that must be adhered to. The IRS can be quite punitive if taxes due to the revenue collector are not remitted when they fall due. One way of ensuring...
A tax lien certainly can be a thorn in one's side. Either the federal or a state government can issue a tax lien. In some cases, even a more local authority can, as well. In short, a tax lien is a legal claim against your property when there is at least one type of...
Running a Massachusetts business means that a person has to pay attention to every cog turning to ensure operations run smoothly. Of course, without the right help, some entrepreneurs may miss something vital, including paying certain taxes. If this happens to a...
A lien, by definition, is a creditor's right to take a debtor's property until that individual's debt is paid off or discharged. A lien can be issued for any form of debt, including federal income taxes. Massachusetts residents who find themselves behind on their tax...
It would probably be safe to say that no Massachusetts resident wants to owe money to the IRS. A person's life can quickly become difficult with all of the power the agency has to deal with past due taxes. For instance, a tax lien can easily keep people who owe back...
Fortunately, the easy answer to that question is no. The IRS will not immediately file a tax lien against an individual who cannot pay his or her taxes. Boston residents who cannot financially meet this obligation may find a way to avoid such liens as the...
Imagine this: a while back, your business was having some cash flow problems and you got behind on your taxes. You weren’t able to make an offer in compromise or cover the taxes in the timeframe requested by the IRS, so they put a tax lien on your business...
On tax day, an acquaintance shared via Facebook that she had received a letter from the IRS that included a significant tax bill. Federal tax debts can add up for a number of reasons and can follow you for a long time.The sale of an investment property required in...
Tax day is quickly approaching. This year, you have a few extra days with the April 18 deadline.Depending on your circumstances you might not have enough time to meet the deadline. Unfiled returns can become a serious liability. While you might not have a return...
