Get an IRS Solution when Faced with an IRS Attack. Avoid a Tax Levy or Lien
- Author Sandy Hanson
- Published June 17, 2011
- Word count 633
More Serious than You'd Think: Plenty of people don't put the Internal Revenue Service at the top of their priorities, and this is why: Every other creditor sends multiple notices ASAP if you don't pay them. However, with the IRS, years can pass before you hear anything from them. So what's the big deal? What distinguishes the IRS from every other collection agency you'll have the displeasure of dealing with is this: when they come, they come at you full force with their dangerous arsenal.
The Internal Revenue Service's attack of choice is most often an IRS Levy or a Federal Lien. It's very hard to acquire a tax debt solution after an IRS attack begins. You must take action as soon as you can when you see the signs of an imminent IRS attack if you want to stay clear of a Federal Levy.
So you haven't filed in the last few years. You've probably noticed a few of warnings from the IRS, regarding your back taxes. Before you realize it, you're looking at a piece of paper that is titled "Final Notice". While it may not seem important now, you had better pay attention! That's the Internal Revenue Service's last notice before the attack begins. You don't want to fall victim to an attack from the IRS. Trust me! The list below discusses the different problems you face with an IRS Levy, as well as a few IRS Remedies settle your tax debt trouble.
Federal Levy This scheme consists of the government claiming your bank account and holding all of your funds. You are pretty much legally restricted from accessing your own money. And if you use direct deposit, you'll have to kiss your paychecks goodbye. The worst part? Neither you nor your banking institution has a vote in the matter.
IRS Attack: IRS Lien A federal lien can be issued on you, which means you aren't able to do anything that involves credit. Your credit history could be tarnished for years to come! IRS Liens might also be applied on your residence, which makes it impossible to sell or remodel. Ultimately, these liens become asset seizures, and the IRS can exercise their right to sell your assets and apply the profits to the money you owe.
Internal Revenue Service Wage Garnishment - This is probably the most brutal IRS attack. With a Federal Wage Garnishment, the IRS will contact your employer and start confiscating part of your check to apply towards your debt. Up to 80% may be withheld from you, and you put your money on (no pun intended) the IRS claiming the most they can.
How do you prevent an IRS attack? It really is as easy as just filing your taxes. Even if it turns out that you owe a sum you can't afford, make sure you file. The Internal Revenue Service can sentence you to jail if you don't file, and the penalty fees can reach as high as $50,000 for every year you do not file. If you know you will not be able to file on time, request an extension. Coming to an understanding with with the IRS is very important. The IRS is not an entity to mess with.
Going at it Alone: You are put in some stressful conditions when you have the Internal Revenue Service. If you're losing hope, contact a federal tax expert. They have the insight and expertise you need to protect you from the attacks from the Internal Revenue Service, with a Tax Debt Resolution.
Choosing a Federal Tax Debt Resolution Expert: If you're looking to prevent an IRS attack, always associate yourself with an Internal Revenue Service Expert who has, with the Better Business Bureau, a rating of A or higher. To find their score, simply visit the better business bureau.
Go to IRS-Tax-Settlement-HQ.com, and let our IRS Tax Debt specialists help you stop IRS Attacks with an IRS Solution. Get back taxes and wage garnishments resolved fast!
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