How the IRS Calculates Interest on Tax Debt
Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. In this article, we’ll break down when the IRS starts charging interest, how rates are calculated, and how the interest is applied to your tax balance.
IRS Tax Liens & Your Property: What You Need to Know Before It’s Too Late
Do you owe the IRS? If so, you could be at risk of a federal tax lien—a public claim on your property, assets, and financial future. CEO David King and Tax Attorney Philip Hwang break down what a lien means, how to resolve your tax balance, and why waiting to act could cost you everything.
IRS Interest Rates Hold Steady for Q3 2025
The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter. These rates, effective from July 1 through September 30, 2025, play an essential role in how both individuals and businesses manage their tax responsibilities. Staying current on IRS interest rate trends can help taxpayers make more informed financial decisions and avoid costly missteps.
Can the IRS Take My 401(K)?
The IRS plays a critical role in maintaining the U.S. tax Owing back taxes is a stressful situation for many Americans. With it comes fear over what the IRS can do to collect. One common concern is whether your hard-earned retirement savings, specifically your 401(k), are at risk. The short answer: yes, the IRS can take your 401(k) under certain conditions. But it’s not their first move. Here’s what you need to know about how and when that could happen, and what you can do to protect your future.