There is a lot of confusion among many of my clients about the IRS collections process and what actions the IRS is able to legally take against the taxpayer. People who owe see a series of increasingly threatening letters and I often get panicked phone calls from taxpayers who think that the IRS is going to take their house because of the $5,000 balance they have accumulated.
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The Truth About the IRS and Passport Revocation
FAST Act Gives IRS Power to Revoke Passports for Tax Debt Over $50K
All About California Self-Employment Tax
When you work for someone else, your employer takes care of tax withholdings for you. When you work for yourself, you are responsible for the withholding and payment of these same taxes.