Did you know that Alabama has a 10 cent tax on a deck of playing cards? The bottom line is that taxes are a necessary part of life, used to fund important public services like public education, public libraries, national parks, national highways, etc. And it is essential to pay your taxes. Failure to pay federal income taxes can result in serious problems with IRS.
First of all, it is essential to note that if you are facing Irs tax problems the IRS can bring very serious penalties against you. For example, the IRS can garnish your wages if you owe back taxes. This means that the IRS demands an employer to send a portion of your wages directly to the IRS. If have IRS problems, you might also face a levy. A tax levy, under United States Federal law, is an administrative action by the Internal Revenue Service (IRS) under statutory authority, without going to court, to seize property to satisfy a tax liability. The IRS can levy upon assets that are in the possession of the taxpayer, called a seizure, or it can levy upon assets in the possession of a third party, a bank, a brokerage house, etc. Though, it is important to note that in order to take a principal residence, the IRS must go to court and seek the permission of a federal magistrate to levy a house in which the taxpayer lives.
Overall, if you are facing problems with the IRS it is essential that you seek help with Irs tax problems. If you need help with IRS problems you will likely want to contact a qualified, experienced tax lawyer. If you need help with IRS tax problems, a professional can provide you with detailed investigation of your current tax liabilities. Furthermore, if you need help with irs tax problems, a professional can also help you to determine what steps are necessary to prevent, stop or remove any wage garnishments, levies or liens.
Keep in mind that if you need help with IRS tax problems, a professional can also help you to broker an installment agreement. If you owe the IRS back taxes, an installment agreement is a program that allows a taxpayer to pay off their outstanding tax liabilities. However, if you are considering this kind of agreement, it is important to note that there are several different kinds of installment agreements; a professional can help you to determine whether an IA is appropriate for you situation and if so what kind. Overall, if you are facing tax problems, it can be wise to seek professional help.