Episode 2

Published on:

1st Oct 2021

Nemeth IRS News - Episode 2 (Bad Things That Can Happen When You Owe Taxes)

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.


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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Show artwork for Nemeth IRS News

About the Podcast

Nemeth IRS News
Got an IRS Tax Problem? We've Got Solutions
Every year the IRS sends millions of notices and letters to taxpayers for a multitude of reasons. We understand that seeing an envelope from the IRS can cause fear and anxiety! But, take a deep breath and recognize that taking care of the problem is likely a straightforward solution.

Welcome to Nemeth IRS News, featuring Nick Nemeth, Founder, of the Law Offices of Nick Nemeth, and Jamie Flores, a Managing Attorney at the firm, for in-depth tax talk!

Join us for each episode as Nick Jamie explore the world of tax law and offer solutions for resolving a variety of issues with the IRS. Every episode will feature a new topic and draw upon real examples of Nick and Jamie's client cases.