Perhaps you neglected to file a tax return in Georgia last year. Maybe you filed one but didn’t accurately report your income. You may have correctly prepared and filed a return but failed to pay the taxes you owe in full. All these issues create a condition known as “owing back taxes.” If you’re heading into the 2024 tax year under these conditions, know that your back taxes are not going away.
Also be aware that the Internal Revenue Service can issue a tax levy to seize your assets to collect the money you owe if you do not take steps to resolve the issue on your own. This can occur whether you’ve refused to pay taxes or simply neglected to pay taxes you owe. A levy might include garnishment of your wages or seizing funds from a bank account or numerous other means of the government proactively taking control to get the money you owe.
The IRS usually sends out written notice regarding back taxes
The government doesn’t issue a tax levy with no forewarning. You would typically receive written notice in the mail stating that you owe a specific amount and have a certain amount of time to respond to satisfy the debt. If you do not pay on time, you may incur a penalty, and you might also have to pay interest on the unpaid taxes.
Seeking guidance from a Georgia tax law attorney is a logical step to take if you are facing legal problems regarding back taxes. The Gartzman Law Firm, P.C., has been providing much-needed support to clients throughout the state since 1982. Through personalized analysis, you can determine the most viable option to resolve back taxes without losing your assets.