What is the Difference Between a Tax Lien and a Tax Levy?

July 24, 2015

What is the Difference Between a Tax Lien and a Tax Levy? A federal tax lien and a tax levy are two powerful tools used by the IRS to collect back taxes. Although the two are often discussed together, each gives the IRS different rights against you. While the tax lien provides the IRS security…
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Garnishing Wages: How Much Can They Take From An Employee?

July 20, 2015

IRS Wage Garnishments: How Much Can They Take From An Employee? A wage garnishment, also known as a wage attachment, is a court or government agency order sent to an individual’s employer, requiring the employer to withhold a specific amount of money from an employee’s paycheck. The money is collected and directly sent to a…
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Will I Be Held Responsible For My Partner’s Unpaid Taxes After We Marry?

July 3, 2015

In Colorado Will I Be Held Responsible For My Partner’s Unpaid Taxes After We Marry ? Generally speaking, the IRS cannot hold you responsible for your partner’s unpaid taxes prior to marriage. Your personal federal income tax liability remains your own, even after marrying another person. You did not acquire the liability or responsibility for…
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