Tax Matters - The Top Tax Defenders Blog

Failure to file and pay your taxes on time each year invites a host of penalties that can inflict long-lasting damages on your life and finances. Out of all of them, you might fear going to jail the most. 

You realize you have to file and pay your taxes by the April deadline each year. Despite being aware of this obligation, you might fall short of fulfilling it. In turn, you could compromise critical aspects of your job including your ability to keep or maintain your security clearance. 

When you owe money to a creditor, that person or company has the right to pursue the debt through a variety of methods. It can send you letters or make phone calls to your home to demand payment on the account. It can also ask a judge to have your wages or salary garnished until the debt is paid in full. 

When April 15 has come and gone, you might believe that you have missed your chance to file your income tax return. You also may wonder what kind of punishments or penalties the IRS has in store for you for missing the tax filing deadline. 

The IRS can utilize a number of different methods to collect on a tax debt that you owe. Among them, wage garnishment is one of the most common. You may be able to avoid an IRS wage garnishment by learning under what circumstances it is used and how it could possibly be released if you owe a debt to the IRS. 

The IRS expects you to file and pay your taxes on time each year. When you fail to submit a return, you put yourself at risk of IRS collection activities that could result in financial hardships for you and your family. 

Dealing with financial difficulties especially tax issues can be overwhelming and frustrating. Rather than face the situation alone, you may want to hire someone like a tax resolution specialist to assist you. You can hire a competent IRS tax attorney by knowing what this type of lawyer does and how you can find the best one to represent you. 

When you own and operate your own business, you are expected to be in control of every last detail. This includes filing and paying your business's taxes on time without fail. 

Owing back payroll taxes puts you and your business in jeopardy from the IRS. Rather than avoid paying what you owe, you can deal with this obligation effectively and in a timely manner by using any of the 12 ways to resolve unfiled payroll taxes. 

When you file for bankruptcy, you are required to get your finances in order before heading to court. Among other tasks, you are expected to be caught up with filing all of your tax returns.