Tax Audits, Liens & Levies Sub Topics

Subtopics left BACK TO TAX LAW

The Internal Revenue Service (IRS) is authorized to impose penalties on individuals who do not meet specific requirements under tax laws. For example, failure to file a tax return on time or to pay the taxes due at either the federal and state level can result in significant consequences, even jail time. The IRS has the authority to impose wage garnishment, liens and levies on your property. The IRS can take your paycheck, force the sale of your items, or even seize assets to satisfy tax debt. People who willfully hide money and assets to avoid paying taxes can be subject to criminal penalties. To learn more about tax enforcement methods and to better understand tax regulations, visit the links to articles and other useful resources on this page.