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Goldburd McCone LLP
New York City Tax Lawyers

March 2019 Archives

Jailtime and loss of property: Penalties for overdue taxes

The Internal Revenue Service (IRS) can impose harsh penalties for those who fail to pay their tax obligations. Stories of the government agency sending people to jail and taking away property abound. But when can the government use these extreme measures and are these severe penalties common? This piece will answer these questions.

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