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Why IRS Penalties Feel Overwhelming Every year, thousands of taxpayers in Connecticut receive IRS letters not only demanding back taxes but also piling on penalties and interest. These penalties can add 25% or more to your balance, sometimes doubling what you owe. For families and small business owners in Westport and the surrounding Fairfield County area, this can be…
An IRS notice isn’t a suggestion — it’s a formal warning that demands a response. Ignoring it can cost you far more than the original issue. It starts with a basic letter explaining a discrepancy or balance due. With no reply, the IRS moves forward with collection. That can mean wage garnishments, liens against your property, or direct withdrawals from your bank account.…
An IRS bank levy is more than an inconvenience — it’s a sign that the government is done waiting for payment. With this action, the IRS can legally freeze your bank account and, after 21 days, take the funds to cover your tax debt. By the time a levy happens, the IRS has already sent multiple notices, including a Final Notice of Intent to Levy. If you don’t respond, they…
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