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What to do if you are in Debt to the IRS

Written by admin. Posted in Advance tax solutions, Innovative tax solutions, Irs and back taxes

Help with irs tax problems

Being in debt to the IRS can be a stressful time, especially if they levy your property or start garnishing your wages. Many people have tax issues and need help with IRS tax debt. Fortunately, there are several ways to avoid IRS tax debt, or to get help with IRS tax debt. If you find yourself needing to resolve tax problems with the IRS, here is some information that should assist you in getting the help you need.

Many people are unaware of how the IRS is able to have any debt owed to them satisfied. If you find yourself in trouble with the IRS and back taxes, there are several steps that can be taken to make sure your debt is paid. The IRS can place a levy on most of your property in order to satisfy a debt. A levy is a legal seizure of your property used to make sure that your debt to the IRS is paid. If you need help with IRS tax debt, a levy can be a very scary thing. Levies can be used to seize any property that you hold (such as your house or car), or any property that is yours but is held by somebody else (such as wages and bank accounts).

Fortunately, the IRS does not levy lightly. There are several steps they must first take before they begin to levy your property. First, they must send you a Notice and Demand for Payment. You must then neglect to pay your debt after this notice has been received. Only then will the IRS send you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing.

If you are in need of tax help and your wages are being garnished, you should not have to worry about your employer firing you for the garnishment. This could be a criminal offense, and federal law provides for a fine up to $1,000 and imprisonment for up to one year if your employer willfully fires you due to a garnishment.

If you are in dire need of help with IRS tax debt, filing for bankruptcy is always an option as it will place an automatic stay and prevent creditors from collecting debts. Additionally, the IRS themselves are willing to provide help with IRS tax debt. If a garnishment is causing you economic hardship, you can have it lifted by the IRS.

Ideally, you will pay your taxes on time and not need help with IRS tax debt. And given the times we live in it is easier than ever. The IRS instructs people by sending out over 8 billion pages of forms every year. And, by 1990, everybody was able to e-file their taxes, whereas only taxpayers in 36 states could the year before. There are also several people you can pay to prepare your taxes for you if need be. The Cato Institute reports that there are about 1.2 million tax preparers in the country. Of course, be happy that you are not living in pre-revolution America when the colonies were subject to taxation by the United Kingdom without any representation. But for people who need help with IRS tax debt, there are fortunately several tax debt solutions to help make sure that the IRS does not levy your property. Good refereneces:

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