Blog

ACTIONS THE IRS MAY TAKE IN COLLECTING DELINQUENT TAX DEBTS

If you, a financially struggling taxpayer, owe money as the result of an IRS income tax debt, having past IRS tax debts, or having years of missing, un-filed tax returns, it is vitally important to pay close attention to any IRS notices you receive. The IRS will generally warn you before taking collection actions, providing you the opportunity to address the situation, either by paying your debt or making payment arrangements, and to dispute the income tax owed.

THE IRS CAN SEND A NOTICE TO ANY ADDRESS THAT THEY HAVE ON FILE FOR YOU.

YOU MAY NEVER ACTUALLY RECEIVE THE IRS NOTICE.

IRS Debt Enforcement Collection Actions

IRS Problems - Choose The Best IRS Help Team

When you have an IRS income tax debt, you need to start making decisions. Call the best IRS help team at Flat Fee Tax Service, Inc. and fix your IRS problems today.

The IRS is required by law to provide written notice of any collection actions they intend to take, and to allow you time to settle the debt. Failing to respond to these notices, which are an important part of the IRS collection process, could result in the following actions.

Federal Tax Lien

An IRS Federal Tax Lien is a legal claim against any property you currently own, and applies to additional property titled under your name that you may acquire in the future, such as homes or cars. This prevents you from selling or gifting the property to others prior to settling your income tax debt. Along with a federal tax lien, notice of the lien will generally be sent to your creditors. This is filed with local and state agencies, and informs creditors that the IRS has a priority claim against you, which can do significant damage to your credit rating.

IRS Tax Levy (Wages, Social Security, SSDI, Veterans Pension, Bank Accounts)

While a federal tax lien allows the IRS to lay a claim on your property, an IRS tax levy allows them to seize your property or assets to satisfy your income tax debt. Items which may be seized include property such as your home or car, as well as assets—bank accounts, IRS tax refunds, retirement funds, and Social Security benefits.

THE IRS CAN LEVY 15% OF YOUR SOCIAL SECURITY, SOCIAL SECURITY DISABILITY (SSDI) AND VETERANS PENSION THROUGH THE FEDERAL PAYMENT LEVY PROGRAM (FPLP).

There are limits to what the IRS can seize, and certain personal effects, tools of your trade, a primary residence, private pension benefits, and unemployment benefits may all be exempt.

Steps You Can Take To Prevent IRS Levies and Federal Tax Liens

THE BEST STEP YOU CAN TAKE IS CALL THE BEST IRS HELP TEAM AT FLAT FEE TAX SERVICE, INC.

If you receive notice of an IRS levy or have an IRS federal tax lien, the following steps can help to avoid further actions:

1. Make full payment on the debt, either in cash or by credit card, or by taking out a loan through your bank;

2. If qualified and eligible, submit an Offer in Compromise, which allows you to settle your income tax debt for less than what you actually owe. This is available if you lack the financial resources to pay your tax debt, or if doing so would create a hardship for you or your family;

3. Make a payment agreement, which you may be eligible if your tax debt is less than $50,000. Under IRS guidelines, even if you are ineligible for a payment agreement, you may still be able to make installment payments to avoid further IRS collection actions; or

4.File an appeal. Depending the type and amount of your past tax debts, certain time limits and other requirements apply.

CALL THE BEST IRS HELP TEAM AT FLAT FEE TAX SERVICE, INC. AND FIND OUT HOW YOU CAN BE PROTECTED.

FLAT FEE TAX SERVICE, INC. - BBB ACCREDITED - A PLUS RATING

temp-post-image

THE FLAT FEE TAX SERVICE, INC. IRS TAX HELP PHONE: 1-800-589-3078

https://www.thebestirshelp.com

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

CONTACT US

keep in touch

Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us