There are many methods out there for trying to reduce tax liability. Some of these methods are perfectly legal. Others constitute illegal tax evasion.
When a person is facing a tax problem, promptly going to a skilled tax attorney for guidance can be very important. What happens with a tax problem can significantly affect a taxpayer's life. Severe consequences can come up in relation to tax difficulties.
We are circling back to our Sept. 24 post about tax deductions for college students. In that post, we warned that most tax breaks come with conditions, so it is important to work with someone who understands the nuances of the Tax Code. It is also important to remember that you can be the student -- many credits and deductions are available regardless of the age of the college enrollee.
In our last post, we took a look at tax audits, and how people should deal with this unfortunate event in their lives. You have to approach tax audits in a calm, but efficient, manner in order to see them through successfully. Today, we're going to talk about another bit of legal action in the tax world: the tax lien.