WNC Tax Resolution

If you’re a small business owner behind on payroll taxes, you’re not alone. Most fall behind due to cash-flow issues or tough decisions made under pressure. But payroll tax debt escalates quickly.

Cryptocurrency has gone from niche hobby to mainstream investment in just a few short years. Millions of Americans now buy, sell, and trade digital assets like Bitcoin, Ethereum, and countless altcoins. But along with explosive growth in crypto markets comes a less glamorous reality: the IRS wants its share of your profits—and it’s getting better at finding out when you haven’t paid.

When people think of the Internal Revenue Service (IRS), they often picture audits, liens, or wage garnishments. But many are surprised to learn that the IRS can also impact your ability to travel internationally. Under a federal law passed in 2015, the IRS can ask the U.S. Department of State to deny, revoke, or limit your passport if you have a “seriously delinquent tax debt.”

Few things are as alarming as discovering that the IRS has targeted your paycheck for garnishment. When the IRS enforces a wage garnishment, a portion of your paycheck is sent directly to them to satisfy your unpaid tax debt, often leaving you with significantly less income to cover your essential expenses.

Dealing with the IRS collection process can feel overwhelming and intimidating, especially if you’re unfamiliar with how it works. Whether you owe back taxes or have received a notice from the IRS, understanding the steps in the collection process can help you make informed decisions. This blog will break down the process, explain what to expect, and highlight some ways to resolve tax issues before they escalate.

Dealing with tax debt can feel overwhelming, especially when you're trying to stay afloat financially. Fortunately, there are effective strategies to address your tax obligations without draining your bank account.

Preparing, filing, or even thinking about taxes can be overwhelming for many individuals, especially when faced with financial difficulties that prevent them from being able to pay their taxes in full.   However, it is vital to stay aware of the financial consequences that are associated with not paying your taxes on time and in full, because the penalties and interest can add up quickly and become a significant financial burden.   Knowing the types of penalties and interest