In short, a corporate income tax is a tax that all corporations owe to the IRS and is based of their income or capital. The rate of corporate income t...
Can the IRS Really Send Me to Jail for Unpaid Taxes?
For many Americans, the threat of legal action is a big reason we always ensure we pay our taxes on time. And for good reason—failing to pay your ta...
What is a Tax Exempt Entity?
A tax exempt entity is a corporation or organization that is not required to pay federal income taxes to the IRS. While many people think that nonprof...
5 Things All First Time Tax Filers Should Know
Taxes are tricky, and even those of us who have been filing our taxes correctly for over 20 years still have trouble with many tax-related items, espe...
IRS wage garnishments and a bank levy are often confused—and for good reason. Both are actions taken by the IRS when a taxpayer fails to pay their t...
How Do I Stop an IRS Wage Garnishment?
An IRS wage garnishment happens when you fail to pay the IRS and they come after your wages. When your wages are garnished, the IRS will take money st...
Levy Tax & Associates have spent years helping people resolve their tax problems. A big part of our business is helping victims who are being held...
How a Divorce Can Affect Your Taxes?
A divorce can be a very difficult thing. While you are hurting emotionally, there is also a chance that you will be hurting financially, especially wh...
Can the IRS Put a Tax Lien on My House?
It’s a nightmare none of us want to find ourselves in, but when you are in deep with the IRS and have payments past due, it is likely that the IRS w...
Can the IRS Garnish My Social Security Benefits?
If you are in debt and owe taxes, the IRS is able to take things from you that you earn, whether that is your regular income, your property, or your s...