When you don't pay your tax debt, a lien secures the government's interest in your property. In this lesson, I discuss how tax liens work, under what circumstances the IRS will put a lien on your property, and the different ways you can get a lien removed from your property.

A levy occurs when the IRS seizes your property to pay your unpaid tax debt. The IRS can levy, seize, and sell any real or personal property you own or have an interest in if you don't pay or make arrangements to pay your tax debt.

Taxes are a nuisance. But, they're a necessary evil that we can't avoid. If you have years of unfiled tax returns, this lesson will explain your options based on how many years of unfiled tax returns you have.

As business owners and independent contractors, it isn’t uncommon to end up with a large tax bill at the end of the year. Some people continuously keep adding to their existing tax bills or stop filing future tax returns for fear that the IRS will catch up with them if they keep filing a return without paying what they already owe. The IRS is much more forgiving of those who owe taxes than those who do not file a tax return. This lesson discusses the different options available to taxpayers who owe back taxes and cannot afford to pay the entire amount they owe at one time.

Hair salons are one of the most common cash-intensive businesses. Receiving cash in your business isn't the main issue; it's how that cash is or isn't accounted for in your books. The IRS believes that businesses paid heavily in cash do not report all of their income. This lesson explains the IRS’s different approaches to audit cash-intensive businesses and why you should care.