virginia state flag

Virginia Taxing Information

Important Note Regarding Covid-19 Tax Relief in Virginia

We are in a time of economic uncertainty. Many of us will be affected. Many businesses will be harmed. Many bills will go unpaid for a while. We all must prioritize health. Stressing about taxes is something we hope to help you minimize.

Even if you don’t know the scale and scope of your tax problem, we can help advise you on strategies to come out of the Coronavirus crisis in your best position tax-wise. Even though the IRS allowed delayed filings and payments, they are not forgiving taxes. We can help you strategize how and when to prioritize your taxes, your business, and/or personal expenses.

Enforcement Actions

If a tax liability goes unaddressed for long enough, the state may pursue enforced collection actions in order to resolve it. These can include the issuing of liens and levies, offsetting refunds, garnishing funds, and more.

Penalties

Failure to pay or file taxes on time may result in additions to your total liability in the form of penalties. Penalties vary in amount by the circumstances and type of tax left unaddressed. Current rates can be found here: https://tax.virginia.gov/penalties-and-interest

Priority One: Stopping Aggressive Enforced Collections

License Revocation

The state may revoke your business license if you fail to collect or remit taxes. You are legally required to stop conducting the business associated with the license if this occurs. The state may also issue a public notice of the business’ failure to comply with tax laws.

Power of Attorney

If you so choose, you may authorize another party to represent you in tax matters before the Department of Taxes by completing and submitting the appropriate documentation. This can be found here: https://tax.virginia.gov/power-attorney-and-tax-information-authorization

Call us today for a free evaluation

Don’t be a victim to the collection powers of the IRS and Virginia’s collection division. We are experts in securing permanent financial protection from the government. Call us at 888-589-0955 for a free consultation. In a few minutes, we will help you to assess your options.