When a person has an unpaid tax debt, there are many things that could be taken from them by the Internal Revenue Service. This includes their wages, as the IRS can levy wages in relation to tax delinquency. Today, we will go over some important things to know about IRS wage levies.
What profession they are in is among the things that can have significant tax implications for a person.
Interruptions of their typical sources of income can have deep financial implications for a person. Among the things that could lead to a taxpayer facing such disruptions are federal tax troubles.
There are certain situations that could have the potential to create significant problems for a small business owner. One of these is if tax troubles arise that lead to the Internal Revenue Service issuing a tax lien against them.
Over the next couple of weeks, many individuals here in Missouri will be tuning into the Summer Olympics (which kick off tomorrow) and rooting for our nation’s athletes to medal. Winning an Olympic medal is one of the highest honors in sports. Given current IRS rules though, this honor can lead to an American athlete facing a hefty tax bill from the Internal Revenue Service.