When you hear these three words, IRS, problem and tax it can be quite fearful. No one wants to hear those words in reference to their tax returns. You will get no sympathy from the IRS when experiencing tax debt.
No where else are employees so diligent in their work than those that are employed by the IRS. No one, and I mean no one is excluded from their scrutiny. Taxpayers can take advantage of many different resources to help in resolving their tax debt, however, most are very costly.
Owing the IRS money can result in them taking possession of your property and/or bank accounts and possible even imprisonment. They have a lot of power legally.
When you hear the term IRS tax problems it refers to a taxpayer usually owing the IRS back taxes. Another problem can arise when you do not file a tax return or when you do file and pay your liabilities, but have failed to disclose all of your income for the tax year in question. All your income information from every employer and every financial institution is sent to the IRS so they can determine your correct income. It is when they do not match up that you may end up with a tax problem.
The IRS not only has its own collection department, that is highly aggressive, but will also outsource to private debt collectors that receive a commission of the money they get back that do not have to follow the same rules and guidelines as the federal government
When facing tax debt problems, a taxpayer basically has two options. First they can settle directly with the IRS through negotiation or they can seek the help of a professional to represent them in this matter. It is highly recommended that a taxpayer in this situation seek the help of an experienced tax debt lawyer. If you need help with your tax liabilities…