State Tax Debt: What You Need To Know
October 5, 2023
By Eric Pemper, Founder, CuraDebt · Est. 2001BBB A+ Rated · BBB Accredited · ACDR Member · 1,600+ Five-Star Client Reviews Last updated: August 22, 2026 The short answerState tax debt is a separate obligation from federal IRS debt, with its own rules and its own collection tools. Some states can suspend a license or…
What Are The Dangers Of Filing Your Own Taxes?
September 15, 2023
A lot of people decide to hire a tax professional to file their taxes because they worry that if they don't, their risk of getting audited by the IRS may increase. There is another risk of filing taxes on your own that everyone should be aware of. The U.S. tax code contains credits and deductions…
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…
