Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
In 2025, navigating the IRS's tax collection process is more critical than ever, as changing tax laws and economic shifts demand vigilance from both individuals and businesses. The IRS, armed with a formidable team of Revenue and Appeals Officers, is tasked with collecting taxes through various methods, from returns to levies. Once a tax liability is assessed—whether due to incomplete payments, substitute returns, or unchallenged Notices of Deficiency—IRS officers spring into action, aiming to collect the owed amounts while adhering to taxpayer protections under the Internal Revenue Code. Ignoring IRS notices can escalate to severe actions like liens, levies, or even jeopardy assessments, where assets can be seized without warning. By staying informed and proactive, taxpayers can effectively manage their obligations, avoid penalties, and maintain financial stability amidst the IRS's rigorous collection efforts.
Read now »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+
Review these newsletters to preview Practical Guidance coverage of recent legal developments in your practice area.
Practical Guidance customers who are logged in will be directed to the full linked content.
Not yet a Practical Guidance Subscriber? Sign up for a FREE seven-day trial here to access summaries of the linked content and gain access to full coverage during your trial.
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.