Consequences Of Tax Debt
September 15, 2023
Owing the IRS and state revenues is extremely stressful. Both the IRS and state revenues have protocols and collection activities to collect past due balances. Being aware of such consequences may inspire you to take care of your tax debt sooner than later. Here are a few consequences to expect Interest and Penalties– Interest is…
Why Do I Owe Taxes This Year? 7 Common Reasons
August 28, 2023
All taxpayers share the same obligation: to file your taxes before the given deadline. But what happens when you file your taxes and find out that you owe a large amount of money to the IRS? You may be asking yourself: Why do I owe taxes this year? Why Do I Owe Taxes This Year?…
What Is An IRS Partial Payment Plan?
August 9, 2023
An IRS Partial Payment Installment Agreement (PPIA) is a type of payment arrangement that allows taxpayers to pay off their tax debt in installments, but at a lower amount than what they owe. It’s designed for individuals or businesses who are unable to pay their entire tax liability in full, but can make regular payments…
BC Tax Review: Here Are The Details
August 7, 2023
We did the research. Here is the BC Tax review. BC Tax was established over 21 years ago. According to the company’s website, bctax.com, BC Tax has years of experience offering income tax services in Denver and Westminster, Colorado, as well as surrounding communities. The company is headquartered at 10385 Westmoor Dr. Suite 310 Westminster,…
Unpaid IRS Taxes: What You Should Know
March 2, 2023
If I can’t pay my income taxes, should I still file my return? The penalty for an unfiled return is much greater than the penalty for not paying. If you fail to file your return, the IRS charges a monthly penalty that equals 5% of your balance. The penalty starts on the date following the…