The Top 10 Consequences Of Tax Debt
January 29, 2024
Facing tax debt can be intimidating, leading some to avoid dealing with it altogether. But ignoring the issue only makes things worse. The IRS has various methods to collect what you owe, like placing liens on your property, seizing assets, or garnishing your wages. Ignoring your tax bill means penalties and interest will keep adding…
When the IRS Pursues Criminal Charges: Things You Need to Know
April 9, 2024
The Internal Revenue Service (IRS) is responsible for enforcing tax laws in the United States. While most tax issues are civil matters that can be resolved through audits, assessments, and payment plans, there are instances where the IRS may pursue criminal charges against taxpayers for serious violations. Understanding when the IRS pursues criminal charges is…
What Is Unsecured Debt? Types And Examples
April 5, 2024
Ever wonder what the difference is between credit card debt and a mortgage? It all comes down to collateral. In the world of finance, unsecured debt refers to loans that aren’t backed by a physical asset like a car or house. Secured debt, on the other hand, uses an asset as collateral, meaning the lender…
Statute Of Limitations On Debt In North Carolina (NC)
April 5, 2024
If you’re burdened by unpaid debts, you may be curious about the timeframe creditors have to pursue them. This is where North Carolina’s statute of limitations on debt comes into play. Each state has its own laws dictating the duration within which creditors can legally chase unpaid debts. In North Carolina, the statute of limitations…
The Statute Of Limitations On Tax Evasion & Tax Fraud
March 27, 2024
Navigating the intricate landscape of tax laws and regulations involves understanding key legal concepts, including the statute of limitations on tax evasion and tax fraud. These statutes delineate the maximum timeframe within which legal proceedings can be initiated against individuals or entities suspected of tax-related offenses. In this comprehensive guide, we’ll explore the distinctions between…
How Do UCC Liens Work? Responding To UCC-1 Lien Notice Filings From MCA Lenders
March 14, 2024
Are you curious about how UCC liens work and the steps for responding to UCC-1 lien notice filings from Merchant Cash Advance (MCA) lenders? Let’s dive into the article and explore the intricacies of UCC-1 filings. UCC-1 Financing Statements, commonly known as UCC-1 filings, are a standard procedure in securing Merchant Cash Advances. When you…