Posts Tagged ‘Tax Levy’

When the IRS comes around to collect, sooner or later you’re going to have to face the music. If you play games with the tax collector, the system is designed to make your life miserable. So here are ten things to remember when you owe the IRS: Don’t ignore any IRS notices. More people get […]

Boxer Floyd Mayweather Jr. is asking the Internal Revenue Service for a temporary reprieve on his tax debts until he fights Conor McGregor in an upcoming bout. Mayweather reportedly filed a petition with the U.S. Tax Court, according to the legal news website Law 360, claiming his funds are not accessible and asking for an […]

Posted on August 3, 2012 in IRS

Until the IRS makes an assessment, there is no official tax debt. Assessments are based on tax returns filed by the taxpayers, returns the IRS files in place of returns a taxpayer neglects to file, or from changes the IRS makes to a return. First Notice If the taxpayer files a return, and the tax […]