Edge Financial Blog

We love writing about tax, talking about tax, and regaling all things tax.

Category: Bank Levy
Your Chance to Report Offshore Foreign Accounts Ends in September

The IRS has made clear reporting offshore accounts is of utmost importance for taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 2...

How Long Does the IRS Have to Collect Your Debt?

Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years, meaning the IRS must cease trying to collection debt from you 10 years after filing your return or being audited. However, it’s not quite this simpl...

Tax Deadlines for 2017 That You Need to Know

Know important points about 2017 tax year business filings Making sure that your company’s taxes are paid is an essential part of doing business. One issue that many companies have to deal with is keeping up with the changing tax laws. This inc...

Why Taxpayers Need to Disclose Foreign Assets

Keeping current on your taxes is important for avoiding headaches during tax season, and foreign asset reporting can be one of them. If your business owns assets abroad and you’re not reporting them, then you could be doing yourself a disservic...

How to Handle a Tax Lien on Your House and Bank Account

So, you have just found that a debt collection agency has seized your bank account and taken the money you owe them. The news leaves you shocked and your bank account overdrawn. This can be an extremely worrying scenario, and the worst thing is that ...

EOY Tax Tips for Every Taxpayer

As the end of 2016 draws near, you may be wondering how you can boost your refund and finish the year off as financially savvy as possible, setting yourself up for a successful 2017. Well, you’re in luck. Every taxpayer can take advantage of our ti...

IRS Lien on Your Home? How To Get The Keys Back

Received a lien notice on your home from the IRS? Before assessing your options on how to proceed, it’s imperative to understand the particulars of this notice; selling or refinancing your house becomes difficult until a lien is taken care of. Why ...

Unable to Pay? Here’s What to do About Your Tax Bill

The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who just can’t pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you can af...

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