What does levying taxes mean?

Answer According to, if you are issued a Notice of Levy, the IRS may confiscate and sell your property in order to satisfy taxes you owe. Property confiscated may be real estate, vehicles, boats, ... Read More »

Top Q&A For: What does levying taxes mean

Does condo corp have legal basis for levying fines?

Yes. Read your governing documents to better understand the structure and power of the condominium association. Every condominium community is run according to CC&Rs and By-laws, and potentially ot... Read More »

What kind of notice must be given by a home owners' association before levying a fine?

Read your governing documents to most fully understand the owner's responsibility to abide by them, and the association's responsibility to enforce the covenants, restrictions, conditions and reser... Read More »

Can You File State Income Taxes Before Federal Taxes?

Although you do not have to file your federal return first, many states' tax returns require information from your federal return. This means you will have to complete your federal return before yo... Read More »

How to Get Out of Estate Taxes & Income Taxes Without Moving States?

If you do not do any estate planning, your heirs could end up with a hefty estate tax and income tax bill when you die. The estate tax is a tax that is paid based on the total assessed value of you... Read More »