Can the IRS Suspend Your Licenses?
From wage garnishments to levies on property, the IRS has a variety of tools to collect unpaid taxes. But can the IRS suspend your professional, business, or driver’s licenses? This article explores the extent of the IRS’s authority, its collaboration with other agencies, and the steps you can take to avoid or resolve license suspensions related to unpaid tax debts.
What To Do If You Get an IRS Notice
Have you received a notice or letter from the IRS? Don’t panic! Optima Tax Relief CEO David King and Lead Tax Attorney Philip Hwang explain what your IRS notice means and offer solutions to resolve your tax burden.
How Does a Home Foreclosure Affect Your Taxes?
Understanding the tax consequences of a home foreclosure is crucial to avoiding surprises when filing your tax return. Here’s how a home foreclosure affects your taxes, including cancellation of debt income, capital gains, and applicable exclusions or exceptions.
Live Here, Work There. Where Do I Pay State Income Taxes?
Understanding where to pay state income taxes when you live in one state but work in another can be confusing. Each state has its own tax laws, residency rules, and agreements that determine how income is taxed. Here’s what you should know if you live in one state but work in another.