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?
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.
“I was shocked by the amount of money I owed, and I was scared that I could lose everything,” Katie says.
What do clients say about tax lawyer Alyssa Whatley?
Hyun-mi received a notice in the mail from the Georgia Department of Revenue. It said she owed over $300,000 in sales taxes.