Can New York Shut Down Your Restaurant for Unpaid Sales Tax?
If your restaurant gets behind on its sales tax obligations, the New York State (NYS) Department of Taxation and Finance (DTF) can seize its assets and shut down operations. This doesn’t happen overnight. The process usually starts with various tax notices and civil penalties, followed by a tax warrant, and from there, the DTF can […]
How Sales Tax Works for Restaurants in New York
Most food and beverages sold by New York State restaurants are subject to sales tax, but there are exceptions depending on whether the food or drink is ready for immediate consumption, its temperature when served, and where the customer consumes the food or drink. Restaurant owners must understand when to apply sales tax and train […]
Can the IRS Take Your Driver’s License Over Unpaid Taxes?
When you’ve got tax debt, you’ve likely wondered how far the IRS’s reach goes. One fear that often comes up is whether unpaid taxes could cost you your driver’s license. It’s a reasonable thing to worry about. Losing the ability to drive impacts your work, your family, and your daily life in ways that other […]
Can Unpaid or Unfiled Taxes Affect Your U.S. Passport?
You’ve booked a vacation, and need to renew your passport or apply for your first one. However, somewhere in the back of your mind, something has been troubling you. Can your unpaid or unfiled taxes affect your U.S. passport? Most taxpayers are not at risk of losing their passport privileges. Unfiled or unpaid taxes don’t […]
What the IRS Can and Can’t Take From Florida Residents
Florida has some of the strongest asset protection laws in the country, from the homestead exemption and wage protection rules to creditor shields. However, when the creditor is the IRS, those protections work differently. Many Florida residents don’t find that out until it’s too late. Federal tax law overrides state law in most cases. So, […]
