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May 2014 Archives

Congress seeks to revise back tax collection policies

Unpaid tax bills can haunt Americans for years. Currently, the Internal Revenue Service (IRS) deals with tax collection for unpaid bills in a myriad of potentially frustrating ways. However, individuals who fail to pay their taxes on-time may soon have to face an even more frightening debt collection foe than the IRS.

Offshore account enforcement update: Holder warns big banks

The phrase "too big to fail" became widely known in the midst of the 2008 financial crisis. It referred to the federal government's decision to pump billions of dollars of liquidity into large financial institutions to shore up the faltering financial system.

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