There are few personal or business assets that are safe from the reach of the IRS if you find yourself in tax trouble. It does not take long for an overdue tax bill to become a real problem. Overdue taxes can result in all your possessions getting seized by the government.
Your vacation home could be at risk of seizure. You should try and find an acceptable payment arrangement with the IRS on your tax balance.
Avoid losing your home and other valuable assets and act right away. The worst thing that you can do is ignore notices and letters from the IRS in the hopes that they will forget about you. You may think your tax debt is small in comparison to other debtors. But, you don’t want to make the mistake of underestimating lengths at which the IRS will collect back taxes.
It is possible that a misunderstanding could have put you in this stressful position of owing the IRS money. The best way to work through this problem is to speak with me as quickly as possible. There are more options available to you if you do not procrastinate in coming up with a payment plan or settlement with the IRS.
The longer you wait to address these issues, the more likely it is that you will have to pay extra fees and penalties on your tax bill. You could also be accruing interest on the amount that is already owed.
Call the Law Offices of Darrin T. Mish, P.A. to get started on a real plan for resolving your IRS tax problems today.