When you owe the government money, there are many steps that occur before the Treasury sends guys with guns to collect. If you don’t pay, they may put a tax lien on your property and accounts. You can often settle up with installment plans or payment plans. If you owe back taxes, there is always a way to get caught up.
Scenario- you filed your tax return and it turns out you owe money. Way more money than you thought. And you can't afford to pay it all at once. What [...]
Today I called the IRS regarding a client's amended tax return. The agent told me that due to backups caused by the government shutdown amended returns will take 12 to [...]