You need it to pay your bills, provide for your family, keep a roof over your head, food on the table, make your car payment.
But at the same time, you owe back taxes to the IRS, and are looking over your shoulder, concerned that the IRS may strike and clean you out.
If any of these 3 signs are true, then your fears are real, and you are indeed at risk for an IRS levy on your wages or bank account:
1. Have you been contacted by an IRS Revenue Officer, but not responded by communicating back in kind? IRS Revenue Officers are the top dogs in IRS collection enforcement. They are local, they and work where you live and work, and have your case because the IRS wants to pay really close attention to you and your tax debt. Ignoring them is done at your peril – don’t do it. If a Revenue Officer has dropped a card off at your house, we need to call her and move the case to resolution. Remember, when your head is in the mouth of the bear, say nice bear.
2. Do you continue to owe the IRS year after year? The IRS calls this “pyramiding” – every year, the pyramid of your tax debts grows bigger. The IRS can work with us if we stop the problem – what’s done is done. But not getting into compliance and paying taxes going forward results in little mercy from the IRS. Simply put, there is no negotiating to stop them when the problem has not stopped.
3. If you have unfiled tax returns, the IRS will not hold back until you get in compliance. This is like not paying year after year. An end has to be put on the problem to negotiate out of it. If you have unfiled tax returns, the IRS will not relent until you get them filed. And how does the IRS get your attention to get those returns filed? They will levy your wages and bank accounts.
Remember, the IRS levies for a reason. With the proper steps, the risk factors of levy can be taken away from the IRS, and an account in the IRS’s active collection enforcement inventory can be put to rest, giving you peace from having to look over your shoulder.
We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574 or visit our webpage www.advancetaxrelief.com
ADVANCE TAX RELIEF LLC
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Have tax problems? Call (800)790-8574
“My husband lost his job and the IRS was garnishing my wages. I called advance tax relief for help, my wage garnishment was released and we settled with the IRS for $1,200 on a $48k debt. Our family is very grateful” – Shirley W, Tampa FL
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An offer in compromise allows you to settle your tax debt for less than the full amount owed. It may be a good option for you if you can't pay your full tax liability, or by doing so creates a financial hardship.