Can the IRS Take Your Driver’s License Over Unpaid Taxes?
When you’ve got tax debt, you’ve likely wondered how far the IRS’s reach goes. One fear that often comes up is whether unpaid taxes could cost you your driver’s license. It’s a reasonable thing to worry about. Losing the ability to drive impacts your work, your family, and your daily life in ways that other […]
Can Unpaid or Unfiled Taxes Affect Your U.S. Passport?
You’ve booked a vacation, and need to renew your passport or apply for your first one. However, somewhere in the back of your mind, something has been troubling you. Can your unpaid or unfiled taxes affect your U.S. passport? Most taxpayers are not at risk of losing their passport privileges. Unfiled or unpaid taxes don’t […]
What the IRS Can and Can’t Take From Florida Residents
Florida has some of the strongest asset protection laws in the country, from the homestead exemption and wage protection rules to creditor shields. However, when the creditor is the IRS, those protections work differently. Many Florida residents don’t find that out until it’s too late. Federal tax law overrides state law in most cases. So, […]
IRS 10-Year Collection Limit: Key Rules and Extensions
If you owe back taxes, you’ve likely already heard that the IRS has 10 years to collect what you owe. This general rule is true, but like every part of tax law, it does have some nuance. The 10-year window starts on the assessment date, not the date that you filed the return. Additionally, there […]
How To Fix Unpaid NY Sales Tax Issues
If you fall behind on your New York State sales tax payments, your bill can quickly become a big problem. Sales tax is a trust fund tax, meaning the money isn’t your business’s and should have passed through your account to New York State. Once a balance becomes past due, the New York State (NYS) […]