What is an IRS levy?

An IRS levy is action taken by the federal government to seize property, bank accounts and wages, among other assets, legally in order to satisfy a taxpayer’s tax liability. If the taxpayer has not paid or arranged with the IRS to pay a tax burden, the...

What happens during an IRS audit?

A Georgia tax return may be selected for an audit based on a number of criteria. While some are selected randomly for examination, others are chosen based on the information provided in the associated documentation. In some cases, a return is selected for audit...

Avoiding a tax lien in Georgia

Comedian Chris Tucker recently settled a tax case with the IRS for more than $14 million. A representative for Tucker said that it was due to poor management and business practices. While mistakes may be made by anyone, a taxpayer generally has several chances to...