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When you own a business in Jacksonville, Florida, you have a number of responsibilities, including owing state and local taxes to the Florida Department of Revenue (DOR). Jacksonville business tax compliance is essential to limit your risk for fines, audits, and civil penalties, but there…
It can be overwhelming to receive a notice from the Internal Revenue Service (IRS), no matter the topic. Many taxpayers put off reading or even opening these notices, but this is never a good idea. You should know what happens when you ignore IRS notices…
There are several collection actions the Internal Revenue Service (IRS) may take to recover back taxes you owe. When the automated methods the agency uses to collect your taxes are unsuccessful, it is likely to assign a revenue officer to your case. These officers want…
When you owe the Internal Revenue Service (IRS) a debt, you may not know what to expect. The agency will take several steps to recover the debt it is owed, from sending bills to directly seizing your assets. You need to know the IRS collections…
You have several tax obligations in Florida, and failing to meet those obligations can lead to fines, civil penalties, and even criminal investigation in rare cases. When you owe the Internal Revenue Service (IRS) back taxes, you should take action to file your returns and…
If you owe the Internal Revenue Service (IRS) a tax debt and are facing collection actions like a lien on your property, you may wonder how an IRS tax lien affects your credit score and how to fix it. The existence of a tax lien…
If the Internal Revenue Service (IRS) has sent notices of nonpayment to you, but has received no payment or response, it may take collection actions to recover the debt owed. Two of these collection actions are liens and levies. It’s important to understand the implications…
Owing debt to the Internal Revenue Service (IRS) can be incredibly nerve-racking, especially if the liability is more than you can reasonably afford. Many taxpayers look into the options for debt resolution, but are unsure what is right for them. Understanding an IRS installment agreement…
Businesses can find themselves with Internal Revenue Service (IRS) tax debt they can’t afford, just like individual taxpayers. A sudden emergency or other unexpected change in your life or business can cause you to miss payments or deposits, accruing penalties and interest, creating a substantial…
The Internal Revenue Service (IRS) offers several useful methods of settling your tax debt if you don’t have the financial ability to repay it. One of these is an offer in compromise (OIC), which lets you pay off your entire debt for a lower amount.…
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