Have one or more IRS problems keeping you up at night?
If so you should find this post extremely helpful.
The IRS is Harassing Me Over Years of Unfiled Taxes and Owed Back Taxes
When you have a few years of unfiled taxes or owe back taxes, it can be frightening to contact the IRS to start fixing the problem. The sooner you can contact them with your taxes prepared and filed, as well as a repayment plan, the sooner you can get on the right track.
The IRS Has Garnished My Wages
The IRS must notify you when they plan on issuing a wage garnishment through your employer. Once the government has contacted your employer, the garnishment isn’t lifted until the debt has been paid. This could take years with interest and penalties unless you come up with a repayment plan.
DISCOVER SEVEN SECRETS THE IRS DOESN'T WANT YOU TO KNOW
The Government Wants the Money in My Bank Account
The IRS can demand that your bank turn over any money up to the amount that you owe for back taxes, fees and penalties. The bank has 21 days to turn over your money. In that time, you can contact the IRS to make a repayment plan if possible.
I Keep Getting These Collection Notices
Don’t ignore notices from the IRS. They will send notices frequently, but with each notice, the penalties become more severe if you ignore them. A tax attorney can help you deal with the IRS to get your account back on track.
An IRS Agent Came to Me
It’s the agent’s job to work on behalf of the government. You should have someone on your side to help with settlement options and negotiations.
The IRS is Threatening to Take My House
The IRS has the power to put a lien on your property if you have unpaid taxes. You won’t be able to sell or refinance your home. You might be able to make an offer of repayment with the IRS to remove the lien. When it comes to IRS problems this one is one of the bigger ones people with back taxes are fearful of.
I’m Scared to Contact the IRS
This is the time to contact a professional to help. IRS problems usually get worse when they are ignored. A tax attorney can give you good advice on how to proceed.
The IRS is Being Unreasonable
Often, the IRS will reject offers you make for repayment. They could demand the money they are owed immediately. It can be harsh, and you’ll need to contact a professional to work out a deal for you.
My Spouse is to Blame
There are IRS codes that can protect one spouse against the other’s tax debt. There are five kinds of relief available to the spouse. A tax professional can decide which code applies to you.
Penalties and Fees Keep Accumulating
Fees and penalties can make up the bulk of tax debt, but you can get those eliminated or reduced with the right requests for relief.
It’s My Business’ Tax Issues
With employees, you’re responsible for payroll and employment taxes. The IRS considers this a high priority, and it could be considered theft to not pay these taxes.
When dealing with IRS problems, you should contact a tax attorney who can advise you on the best way to start fixing your delinquencies and tax problems.