The IRS may not contact as soon as you become delinquent on your taxes. The complexity of the IRS computer system and the enormous volumes they handle slow them down. By the time you do hear from the IRS, your tax debt will have increased.
What happens if you don’t pay your taxes? For every month you ignore your unpaid taxes, the IRS system begins to assess interest and applicable penalties and fines. Your unpaid tax balance can double or triple.
You may have a brief time to pay your delinquent taxes, but it will not be long before your records are “flagged”. Once you receive an IRS notice regarding your tax debt, you must respond within 30 days from the date of the notice. If you fail to respond, the next time you hear from the IRS you may be dealing with a wage garnishment or a bank levy.
Wage garnishments and bank levies are difficult to have removed once the court has given the signal to withhold your salary or freeze your assets. Before your tax problems get worse, contact the IRS or enlist the help of a tax relief expert to represent you. Learn how to present an acceptable tax relief resolution to the IRS such as:
- OIC Agreement (Offer in Compromise)
- Installment Agreement
- Penalty Abatement
- Currently not Collectible
A qualified tax relief expert can help you apply for an IRS tax relief plan best suited to your financial situation. They are experts in getting garnishments and levies released. Dealing with the IRS alone could cause you to miss a tax relief opportunity.
An experienced tax relief expert can protect you from intimidation and financial loss. They know how to help you qualify for an IRS Tax Relief Program. They are experts in IRS negotiations and can protect you from accepting a payment agreement you cannot afford.