Consequences Of Tax Debt
September 15, 2023
Owing the IRS and state revenues is extremely stressful. Both the IRS and state revenues have protocols and collection activities to collect past due balances. Being aware of such consequences may inspire you to take care of your tax debt sooner than later. Here are a few consequences to expect Interest and Penalties- Interest is…
What Happens If You Don’t File Taxes Or File Taxes Late?
September 8, 2023
If you owe taxes and you don't file or you file late, the IRS and state tax revenues will most likely apply a penalty. These penalties are known as the late-filing penalty or the failure-to-file penalty. The penalty for not filing taxes is usually 5% of the tax owed for each month or part of…
Understanding Tax Debt: How It Grows And How To Fix It
September 2, 2023
Eric Pemper Founder, CuraDebt · Est. 2001BBB A+ Rated · BBB Accredited · ACDR Member · 1,600+ Five-Star Client Reviews Last updated: July 5, 2026 Understanding Tax Debt: How It Grows And How To Fix It Tax debt is an unpaid federal or state tax balance. Penalties and interest can increase it, while possible resolution…
IRS Tax Levy Vs. Lien
August 30, 2023
Both the International Revenue Service (IRS) and state tax agencies use levies and liens when taxes are unpaid. Both Levies and Liens are unpleasant to deal with. Ideally the tax debt should be dealt with before a tax levy or lien is in effect. What is the difference between a Levy and a Lien? Both…
Why Do I Owe Taxes This Year? 7 Common Reasons
August 28, 2023
Eric Pemper Founder, CuraDebt · Est. 2001BBB A+ Rated · BBB Accredited · ACDR Member · 1,600+ Five-Star Client Reviews Last updated: July 5, 2026 Why Do I Owe Taxes This Year? 7 Common Reasons You may owe taxes because too little was withheld, you earned untaxed self-employment or investment income, a tax credit changed,…