IRS Collection: What Is Your Fate?

Being under the burden of a back tax liability does not mean unconditional surrender to the IRS. There are many tax debt settlement options available.  Even though IRS tax collection procedures might seem threatening, it is important to begin to deal with your tax debt problems immediately.

Revenue Officer

Types of IRS Collection

There are two classifications of IRS Collection - Audits and IRS Tax Collection:

Audits require face-to-face meetings with IRS Agents. Agents will examine previous tax records, check bank accounts and investments, and investigate any personal matter pertinent to your financial status.

IRS Tax Collection deals with the recovery of past due tax debt. IRS tax collection procedures can involve:

  • A barrage of IRS Notices and phone calls
  • Employer contact and wage garnishment
  • Freezing assets with a bank account levy
  • Placing a lien against property
  • Loss of property

You need the help of a tax specialist now to avoid inevitable IRS collection action that can destroy your credit history and cripple your financial future.

Facing the IRS

The IRS has established an Automated Collection System (ACS) to help them locate and collect from delinquent taxpayers. IRS Agents working for ACS will often visit your home or business. These Agents are aggressive and intimidating and are fully backed by the government. IRS Agents will do whatever is necessary to obtain information and assets to settle you back tax debt.

The goal of the IRS is to collect the full tax debt owed as quickly as possible. It is not the job of the IRS to spend time with you working out a payment plan that will suit your financial condition. Only an experienced tax specialist will be dedicated to negotiating the most favorable tax debt resolution for you.

Having a Tax Specialist on Your Side

Tax specialists are there to ensure you receive a fair and affordable settlement of your tax debt. Tax professionals are familiar with tax laws and codes and knowledgeable of all options for which you may qualify. They are experts at halting IRS collection proceedings while settlement negotiations are in process.

IRS Collection is a financially threatening situation in which you can use all the help you can get. For most taxpayers, the prospect of dealing with the IRS in any capacity is intimidating. Benefits of having a qualified tax professional represent you are:

  • Gaining peace of mind
  • Having a liaison between you and the IRS
  • Protecting you from aggressive IRS Collection tactics
  • Avoiding paralyzing garnishments, liens and levies
  • Negotiating the most favorable financial settlement of your tax liability

By the time many individuals or businesses decide to consult with a tax specialist, it is often after the IRS has begun adverse actions against them.