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Taxation & Estate Planning

: IRS and the Law

I just got my taxes back and owe the IRS. What happens next?

By Howard S. Levy, Esq.

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You just got your tax return back from your accountant. Or maybe you completed the return on your own with tax software. Either way, the result was terrifying. You owe money to the IRS that you cannot pay. And your mind begins to run with worst case scenarios. How will I ever pay them back? Are they going to take my house and car?  Bank accounts?  Wages? Can I actually stop the IRS and find a reasonable solution? Will I ever be able to get out from under this? The good news is there are ways read more

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Full post as published by IRS and the Law on June 04, 2020 (boomark / email).

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