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Nemeth IRS News - Episode 2 (Bad Things That Can Happen When You Owe Taxes)
Episode 21st October 2021 • Nemeth IRS News • Nick Nemeth and Jamie Flores
00:00:00 00:19:13

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In the latest installment of Nemeth IRS News, Nick and Jamie explore the wide variety of of tools the IRS has at their disposal should you neglect to pay your tax debt.

It's never a good thing when the IRS comes knocking, but it's important to understand that strategies and solutions exist for dealing with tax-related issues. Thankfully, Nick and Jamie provide an overview on the various processes that can help you depending on your own personal tax issue.

This is an episode full of important information that you won't want to miss! So sit back, relax, and enjoy another enlightening conversation surrounding the different tactics you have at your disposal to help deal with tax debt.

Timecodes:

0:07 - Welcome to the show and overview on today's topic

2:22 - What happens to someone who doesn't file your tax return or pay your taxes?

3:51 - The repercussions of a tax lien and how it impacts the taxpayer

5:21 - What the Law Offices of Nick Nemeth can do to assist with a tax lien

6:51 - Worst case scenario for someone who repeatedly fails to pay or file their taxes

9:33 - The common situations that lead people to accumulate tax debt in the first place

11:08 - What happens during these situations and how issues stacked up

13:44 - Recommendations on how to approach taxes if you can't file by the due date

16:14 - How someone can make progress on taxes even if they don't have the money to cover their tax bill

17:43 - Closing remarks


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