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Addressing back taxes promptly is essential to avoid escalating penalties, interest and potential legal action from the IRS. By filing any past-due tax returns and paying owed amounts, you can ...
The settlement, which ends a federal court fight that began almost four years ago, allows the city’s residential tax abatement program to continue if city officials make changes to increase the ...
Friendlier sales and use tax audit - While state taxing authorities typically reserve the right to audit taxpayers who come forward pursuant to a voluntary disclosure agreement, the audit will typically be limited to the reduced look-back period, and it would generally focus more on understanding and confirming the reasonableness of the ...
Back taxes is a term for taxes that were not completely paid when due. [1] Typically, these are taxes that are owed from a previous year. [2] Causes for back taxes include failure to pay taxes by the deadline, failure to correctly report one's income, or neglecting to file a tax return altogether.
The Taxpayer Relief Act of 1997 (Pub. L. 105–34 (text), H.R. 2014, 111 Stat. 787, enacted August 5, 1997) was enacted by the 105th United States Congress and signed into law by President Bill Clinton.
A federal tax lien is a claim the government makes on your property. ... tax debt relief companies can help to minimize your tax debt. IRS Fresh Start Program: ... A tax levy is the legal seizure ...
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