February 14, 2026 | Tax Debt
What Happens If You Owe the IRS More Than $10,000? If you're wondering, "I owe $10k in taxes, what should I do?" you're definitely not alone — and more importantly, there's a way out. While the IRS takes a debt of this size seriously, the agency has programs to help you resolve your tax debt.[file:1] You won't go to jail, but you will face other collecti... CONTINUE READING
February 14, 2026 | Tax Debt Tax Help
NY State Tax Warrant: What to Expect and How to Resolve What Is a Tax Warrant in NY? How to Resolve New York Tax Liens The New York Department of Taxation and Finance (NYS DTF) can file a tax warrant against you if you have delinquent income tax, sales tax, or other New York State taxes. A tax warrant is the first collection action taken by the state. A warrant works like a tax lien. It attaches to all of your assets a... CONTINUE READING
February 14, 2026 | Tax Relief Unfiled Tax returns
IRS Form 15103: Why You Received It and How to Complete It Tax Relief | Unfiled Tax Returns If you've received Form 15103, it's because the IRS believes you have not filed your tax returns. In most cases, the agency sends this form with Notice CP56, CP59, CP516, or CP518, but it's possible to receive it with another notice.... CONTINUE READING
February 8, 2026 | Uncategorized
IRS Levies vs. New York State Levies: Key Differences Getting behind on your taxes could result in serious repercussions, such as tax liens and levies. A tax levy is when a tax agency seizes your assets for unpaid taxes. You can potentially face a tax levy from the Internal Revenue Service or the... CONTINUE READING
February 8, 2026 | tax collections
What to Do If the IRS Assigns a Revenue Officer to Your Business A Revenue Officer assignment means the IRS has escalated your case and placed it in the hands of a field agent whose job is to secure compliance and collect what the government believes it is owed. The Revenue Officer is personally focused on collecting your business's back taxes. Revenue Officers do not operate from a call center, and they are not limited to sending letters. They are trained to work face-to-face with tax... CONTINUE READING
January 17, 2026 | Uncategorized
What Happens When the NYS DTF Levies Your Bank Account? When the NYS Department of Taxation and Finance Levies Your Bank Account If you don’t pay your state tax... CONTINUE READING
January 17, 2026 | Tax Laws
Can a Divorce Decree Protect You from the IRS? A divorce decree may clearly state who's responsible for unpaid taxes, but unfortunately, it doesn't override the law. When you file a tax return jointly with your spouse, you are both liable for the tax due – regardless of what the divorce decree says.... CONTINUE READING
January 4, 2026 | Unfiled Tax returns
If you haven’t filed your taxes, you may think you can fly under the radar and not be detected by the IRS. Unfortunately, the IRS probably has information about you already, so the agency will quickly realize that you skipped your filing obligation. For instance, the IRS may have income information from your employer on a W-2 tax form, information about investment income on a 1099-B, or information about other income on a 1099-MISC, 1099-NEC, etc.... CONTINUE READING
January 4, 2026 | Tax Debt
If you have unpaid taxes or haven’t filed your returns, the IRS will start sending you notices asking you to get back into compliance. If you don’t resolve your issue after receiving notices, you may get CP504B. This is a notice for businesses, indicating that the IRS will levy assets if the amount owed isn’t paid immediately. Notice CP504B is serious and me... CONTINUE READING
November 28, 2025 | payroll tax
IRS Form 940 and 941 are essential employer tax documents with distinct purposes, filing schedules, and penalties for late filing or balances due. Employers must understand what each form does, when it is due, and how to avoid costly mistakes or penalties. What Is IRS Form 940? Form 940, officially known as the Employer's Annual Federal Unemployment (FUTA) Tax Return, reports federal unemployment taxes. The FUTA tax provides funds for paying u... CONTINUE READING
What Happens If You Owe the IRS More Than $10,000? If you're wondering, "I owe $10k in taxes, what should I do?" you're definitely not alone — and more importantly, there's a way out. While the IRS takes a debt of this size seriously, the agency has programs to help you...
