Back Taxes Keeps This Candidate from Running for Office (and Other Ways Back Taxes Can Affect You). An SFS Tax Problem Solutions Blog. 

Kevin James (R) is still listed on the ballot in an East Cobb, Georgia primary race today. However, he will not win, no matter how many votes he receives – all because of back taxes.

James was challenging current Republican State Representative Sharon Cooper for her seat in the state’s House District 43. The primary race featured just the two candidates.

On Friday, May 18, however, the Georgia Secretary of State Brian Kemp disqualified James from the race.

According to Georgia’s constitution, candidates with outstanding back taxes that do not have an agreement for a payment plan cannot hold or run for office.

In this case, there was more than one instance of delinquent federal and state taxes owed by James, dating back to 2006. He also was the subject of tax liens.

With her primary election fate assured, Cooper will now be facing the democratic candidate in the general election on November 6.

Unfortunately, back taxes can be a dark cloud over you that casts its shadow on all you do.

Besides preventing you from running for office, here are other ways back taxes can creep into your life:

Back taxes can keep you from being employed

When back taxes are not addressed, they can eventually show up as a tax lien. Tax liens are filed against your social security number. If your employer does a background investigation or a credit check, the tax lien will show up. It’s the employer call as to whether to offer you the job or not after they receive this information.

 

Back taxes can keep you from buying a home or a car

Again, if a tax lien has been filed, your tax debt is on your credit report for all to see whenever you go to buy something. It will lower your credit score and could prevent you from purchasing a vehicle or your next home.

 

 

Back taxes can keep the profits from the sale of your house

Back taxes won’t stop the sale of your house, however, those back taxes will have first priority on receiving any profits from the sale.

 

 

Back taxes can empty your bank account

If tax liens don’t do the job, the IRS can seize your assets. This is called a tax levy. They can seize the money you have in your checking and savings account. They can even seize some of the money your employer puts in your paycheck.

As you can see, it’s a very good idea to deal with your back tax issues – as soon as possible. Your situation can get progressively worse. With payment plans, offers in compromise and other avenues available to you, there’s really no reason not to face the consequences. You can get right with the IRS without experiencing tax liens and levies.

For a complimentary consultation with an experienced and knowledgeable tax professional, call us at (772) 337-1040.

 

 

 

 

 

 

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Jeffrey Schneider, EA, CTRS, NTPI Fellow has the knowledge and expertise to help you reach a favorable outcome with the IRS. He is the head honcho at SFS Tax & Accounting Services as well as the Enrolled Agent and Certified Tax Resolution Specialist for SFS Tax Problem Solutions.
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Now What? I Got A Tax Notice From The IRS. Help! Defining and deconstructing the scary and confusing letters that land in your mailbox. Jeff defines and deconstructs the scary and confusing letters in a fashion that mixes attention to detail with humor and an intricate clarification of what is what in the world of the IRS.

The book is available in paperback and ebook on https://Amazon.com
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For more on SFS Tax Problem Solutions, visit: http://sfstaxproblemsolutions.com/

For more on SFS Tax & Accounting Services, visit http://sfstaxacct.com/
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