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  What is Tax Debt?

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outsourceseo
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PostSubject: What is Tax Debt?   Mon Jul 11, 2016 4:21 pm

Tax debt is simply the amount of taxes that are incurred during a particular tax period and are payable to some type of governmental jurisdiction. For many people, arranging to pay tax debt is not a difficult task, especially if employers routinely calculate and withhold earnings from the weekly or monthly paycheck to forward to the appropriate tax agency. However, people who work for themselves or who own businesses are usually very concerned with managing and paying tax debt in a timely manner, in order to avoid punitive actions on the part of the tax agency involved.


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http://www.barretttaxlaw.com

Barrett Tax Law
45 Basaltic Road, Suite 1B
Vaughan, ON
L4K 1G5
416.907.8429

Barrett Tax Law - Ottawa
116 Albert Street, Suite 702
Ottawa, ON
K1P 5G3
613.667.2419
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