IRS 10-Year Collection Limit: Key Rules and Extensions
If you owe back taxes, you’ve likely already heard that the IRS has 10 years to collect what you owe. This general rule is true, but like every part of tax law, it does have some nuance. The 10-year window starts on the assessment date, not the date that you filed the return. Additionally, there […]
How To Fix Unpaid NY Sales Tax Issues
If you fall behind on your New York State sales tax payments, your bill can quickly become a big problem. Sales tax is a trust fund tax, meaning the money isn’t your business’s and should have passed through your account to New York State. Once a balance becomes past due, the New York State (NYS) […]
What to Do If the IRS Tells the State Department to Revoke Your Passport
The IRS will do everything to get you to address your debt, including taking away your passport privileges, even if you’re already abroad. If you owe more than $66,000 as of 2026, your passport is at risk of being denied or revoked by the State Department. That number is tied to inflation and increases annually. […]
Can the IRS or New York State Seize Personal Assets for Business Taxes?
When state and federal taxes go unpaid, business owners often assume that only the business’s finances are at risk. However, there are laws at the state and federal level allowing the government to hold business owners (and other responsible parties) personally liable for unpaid taxes in some situations. This allows the government to seize an […]
IRS Payment Problems: Issues With Refunds, Lost Payments, and Payment Plans
Your IRS payments should go smoothly. But that’s not always the case. Taxpayers routinely find themselves facing issues with payments, endless delays with their refunds, and payment plans defaulting. These small “hiccups” trigger further problems, including mounting interest, harsh penalties, and, in the most serious cases, collections. The IRS processes more than 200 million transactions […]