When IRS Problems Turn Criminal

NOTE:  I normally put these kinds of posts under the category “Consequences,” but this case example addresses an important question I am often asked:  When does a civil tax debt transform into a criminal case?  Owing money to the IRS—even large amounts—is...
The Hidden Dangers of Unfiled Tax Returns

The Hidden Dangers of Unfiled Tax Returns

 Life gets busy, and sometimes filing your taxes can fall through the cracks. Whether it was a tough year financially, you were overwhelmed, or simply forgot, unfiled tax returns are more common than you might think. But what many taxpayers don’t realize is that the...
How Long Does the IRS Have to Collect Tax Debt?

How Long Does the IRS Have to Collect Tax Debt?

Understanding the Statute of Limitations Dealing with a tax debt can be a stressful experience, especially when you’re unsure how long the IRS has to collect what you owe. Fortunately, the IRS is bound by a statute of limitations, which limits the amount of time they...