Blog Layout

Ignoring the problem won’t make it go away

Advantage Tax Services, Inc. • November 7, 2022
A woman is sitting at a desk with a laptop computer and rubbing her eyes.

Have you ever known someone who gets bills or notices in the mail and make paper airplanes that touch down in the trash can? Well unfortunately, we have taken on many clients that have mastered that art form. They come to us and depend on us to bail them out of the consequences that follow from making paper planes of IRS notices. I have found that there are several consequences that lead to increased tax debt. Let me share some of those consequences.


  1. The first consequence of ignoring the problem is, increased penalties and fees tacked onto the original debt.
  2.  The second consequence is the activation of the Automated Collection System (ACS). This system is activated in response to clients not responding to several notices sent from the IRS. ACS can freeze your assets, garnish your wages and, put liens on your home.
  3. Another consequence is mounting penalties and interest.


The IRS charge a penalty of 0.5 percent/month on your unpaid balance.


The IRS have the power to double that penalty if they deem that they are being ignored.


The IRS charge interest of five percent annually on your outstanding tax balance.A new consequence in the works is losing passport privileges. The State Department can restrict your passport

A man is giving a presentation to a group of people sitting around a table.

This Is How We Do It

By Advantage Tax Services, Inc. • November 7, 2022
We can help you sort through your tax issues. This is how the process begins, we start by listening to your situation in it’s entirety.
A man is holding a bag of money next to a toy truck.

There Is Still Time To Board The ERC Money Ship

By Advantage Tax Services, Inc. • November 7, 2022
The ERC Program is still at the dock. However, as we reach out to a lot of companies, we find that they know very little about it.
A woman wearing glasses and a suit is smiling.

Smart People

By Advantage Tax Services, Inc. • November 7, 2022
Smart people plan ahead. A lot of people react to situations instead of being proactive.
2019-nCov laboratory form

IRS Passes New COVID-19 Tax Provision to Assist Small Business and Self-Employed Tax Payers

By Advantage Tax Services, Inc. • November 30, 2020
COVID-19 has taken a toll on small business owners, as well as self-employed tax payers.
A flower shop with a sign that says

Does your Small Business Owe Payroll Taxes?

By Advantage Tax Services, Inc. • May 18, 2019
Everyone knows it is best to pay your payroll taxes on time to avoid penalties and interest, however if you find yourself behind paying as soon as possible can assist you in avoiding unwanted additional fees.
A semi truck is driving down a desert road.

Top 3 Tax Issues for Truckers

By Advantage Tax Services, Inc. • May 18, 2019
Every tax season thousands of truck drivers leave hundreds of thousands of dollars in tax deductions on the table.
A man in an apron is standing in front of an open restaurant door.

10 Things New Business Owners Must Know

By Advantage Tax Services, Inc. • May 18, 2019
Starting a business can be expensive and complex depending on what kind of business you start.
A person is writing on a receipt next to a calculator.

How to Determine Your Tax Liability

By Advantage Tax Services, Inc. • May 18, 2019
Every year many tax payers have no idea whether they will owe taxes or not.
A person is taking money out of their wallet

What to Do When You Owe the IRS

By Advantage Tax Services, Inc. • May 18, 2019
If you receive a tax bill this summer for outstanding taxes, you are expected to pay that bill in full including any penalties and interest.
A pen is sitting on top of a check.

The Difference Between Payroll Tax and Estimated Taxes

By Advantage Tax Services, Inc. • May 18, 2019
Often tax payers find themselves owing the IRS even after they’ve paid taxes throughout the year.
More Posts
Share by: