If you neglect to pay your tax debt, you could find yourself on the receiving end of a letter from the IRS. The IRS has the right to collect money owed to the federal government, and state agencies can also impose liens and levies to recover unpaid tax liabilities. But what are liens and levies, and how are they different?
About Alyssa Maloof Whatley
Alyssa Maloof Whatley prides herself on honest, aggressive, and compassionate representation of her clients. From the very start of her legal career, Alyssa knew she wanted to help individuals facing financial crisis by focusing on bankruptcy and tax. Alyssa earned her Juris Doctor (J.D.) Degree from Georgia State University College of Law. While in law school Alyssa worked full time for a prominent Atlanta bankruptcy attorney, where she honed her skills and learned all aspects of the bankruptcy practice area. Learn more about Alyssa on her Attorney Profile page.
Entries by Alyssa Maloof Whatley
The Internal Revenue Service is treated as something of a boogeyman by many Americans. People speak in hushed tones about audits and garnished wages and are intimidated by the thought of speaking to an agent.
The IRS has introduced the Taxpayer Relief Initiative (TRI). This new set of policies aims to alleviate the cumulative financial strain the pandemic has placed on millions of families.
Cathy Strobeck, CPA, is the owner of Atlanta area based Add-Vantage Accounting Services, Inc. and the author of Solving the Puzzle: How Small Business Owners Can Grow Their Business and Avoid Tax Trouble.
What happens when you owe the IRS more money than you can afford to pay by the due date?