Get a Tax Debt Solution when Faced with an IRS Attack. Avoid a Tax Levy or Lien
- Author Patrick Johnson
- Published June 2, 2011
- Word count 647
Nothing to Scoff at: Many people don't put the IRS at the top of their priority list, and this is why: Every other creditor notifies you quickly if you don't pay them. However, with the Internal Revenue Service, years can pass before you hear anything from them. So what's the worry? The thing that separates the IRS from any other collection agency you'll encounter is this: when they do come, they come at you full force in the form of an IRS attack.
The Federal lien or levy is the most probable attack by the Internal Revenue Service you will have to deal with. When an IRS attack begins, it is very hard to acquire an IRS tax debt solution. You must act as soon as you can once you see the signs of an imminent IRS attack if you want to stay clear of a Federal Levy.
The Beginning of the IRS Attacks If you haven't filed your taxes in the past few years, you've most likely been sent a few government warnings, inquiring about your back taxes. Now you're looking at a piece of paper that is titled "Final Notice". While this might not appear like an urgent matter now, you had better wake up! It's your last opportunity before the attacks start. You never want to fall prey to an IRS attack. Trust me! The list below discusses the many issues you face with a Federal Levy and a few IRS Tax Debt Remedies resolve your IRS trouble.
IRS Attack: Federal Levy
With this tool, the IRS claims your bank account and confiscates whatever's in it. Simply speaking, you're frozen out of your own cash. This can be especially devastating if you use direct deposit -- you can say goodbye to your paychecks. The worst part? Neither you nor your financial institution can do a single thing about it; you're obligated by law to abide by the levy.
IRS Attack: Federal Lien
With an IRS lien to your name, you can't do anything involving credit. This can ruin your credit rating for years! Federal Liens could also be placed on your home, making it quite a task to put up for sale or remodel. In time, these tax liens become seizures of your property, and the Internal Revenue Service has the legal right to sell your possessions in order to cover the money you owe them.
IRS Attack: Internal Revenue Service Wage Garnishment- This is probably the most effective attack by the IRS. With a Federal Wage Garnishment, the Internal Revenue Service will notify your workplace about your outstanding tax debt and commence seizing a percentage of your wages to apply towards your debt. The Internal Revenue Service may legally seize up to 80%, and a good revenue officer will seize the most he can.
How you can prevent an IRS attack: File your taxes! Even if it turns out that you owe and you need to ask for an extension, be sure to file. You can be sentenced to jail if you do not file, and the penalties are up to $50k per year not filed. You need to ask for an extension if you think you are not going to file your taxes on time. It is vital to touch base with the IRS. Keep off the Internal Revenue Service's bad side!
Going at it on Your Own: You find yourself in some dire circumstances when you owe a tax debt. If you are beginning to panic, contact an IRS tax professional. They possess the wisdom and expertise needed to protect you from the IRS attacks, with an IRS Tax Debt Remedy.
Choosing a Federal Tax Resolution Expert: If you are wanting to avoid an attack by the Internal Revenue Service, only associate yourself with an IRS Professional that has an A Rating with the BBB. To find their score, visit bbb.org.
Do you need a Tax Debt Solution to stop IRS Attacks? Visit Small-Biz-Tax-Debt.com, and let us help you with your IRS Levy or Federal Lien.
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