Taxpayers going through a tax sale of their houses can expect a long and oftentimes complex process, which makes knowledge of tax sale facts crucial for retaining the assets. RELATED: How To Get Rid Of An IRS Tax Lien On Your Home How to Get Back a Home After a Tax Sale Step 1: Understand First How a Tax Sale Works Tax Sale Definition: The state sells a property to … [Read more...]
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How To Deal With A Federal Tax Lien And Prevent It From Happening
A federal tax lien affects not only your credit score but also your cash flow. So, preventing and dealing with a lien must be high priority. In this article: Understand What an IRS Tax Lien Is What to Do When You Receive a Notice of Federal Tax Lien Steps to Preventing and Removing a Tax Lien Best Practices to Prevent and Complete the Federal Tax Lien … [Read more...]
What Happens If You Don’t Pay Taxes? | Consequences And Penalties
When you happen to pay taxes late or miss filing tax returns, there are certain consequences and penalties you will incur. In this article: What Are the Consequences of Unpaid Taxes? When Do You File Taxes? How Are Tax Penalties Computed? When Do You Not Have to File Taxes? What Is an Installment Agreement? What Happens When I Am Put on Offer in … [Read more...]
Taxes Explained In Beer: The US Tax System Explained
Getting an easy-to-understand “taxes explained" take on the complex federal system provides taxpayers a deeper appreciation and understanding of the tax process. Here's an easier way of looking at the US tax system using a story that involves beer. RELATED: Tax Considerations According To Type Of Business Ownership In this article: US Taxes Explained: Some Facts and … [Read more...]
Do I Have To File State Taxes Even If I Don’t Owe Anything?
"Do I have to file state taxes?" is a common question a lot of people may ask. To help you out, we answer some of the most frequently asked questions about filing state taxes. RELATED: Taxes Taken Out Of Paycheck: Everything You Need To Know | Internal Revenue Service In this article: Do I File Federal or State Taxes? Do I Need to File State Taxes? Do I Have to … [Read more...]
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