How the IRS Makes Your Life Miserable If You Owe Back Taxes
Have you received a Notice from the IRS only to leave it on your kitchen counter, desk, or worse, just hide it under a stack of bills? Unfortunately, those letters from the IRS will just keep coming. Your problem won’t go away on it’s own.
If you don’t take action now, the IRS WILL just keep piling on penalties and interest…and interest on top of the penalties…
The IRS doesn’t like being ignored so this is how they get your attention. They want to be sure you know they are not going away. It’s like they haunt you with their ongoing letters. If you don’t respond to them the penalties they tack on is like a club they keep hitting you over the head with. Penalties are just the beginning of what they can do to your life.
But that’s just the beginning…
The IRS has a lot of power over your life. They not only can freeze your bank accounts—that’s right—but they can seize all the money in your bank accounts too.
They can garnish your wages. They can legally take as much as 90% of your net pay check. Can you live on 10% of your net pay? The IRS thinks and expects you can!
Besides slapping Bank Levies and Wage Garnishments on you, they can put a lien on your house, making it nearly impossible to borrow against it to pay the IRS off. And if you sell your house the IRS gets their money first from any equity there is.
Federal Tax Liens prevent you from borrowing any money—except for those high-charging money stores located in mini-malls. An IRS lien makes it harder to rent an apartment, get a car, obtain any kind of credit; An IRS Lien can even jeopardize your job!
And believe it or not, the IRS has the authority to show up and knock on your door! Make no mistake—the IRS is the most brutal collection agency on the planet.
If you owe between $10,000 and $250,000 plus, the IRS has many NEW flexible programs available to taxpayers such as Offer in Compromise, Partial Pay Installment Agreements, Payment Plans, Penalty Reduction, and Currently Not Collectible Status to name a few. Each carries with it its own unique process, procedures and qualifications. Having an experienced Tax Pro in your corner ensures you are taking advantage of the best options available to you.
If you want an expert tax resolution professional who knows how to navigate the IRS maze, reach out to our firm and we’ll schedule a no-obligation confidential consultation to explain your options to permanently resolve your tax problem. https://gpitinc.com/contact/
Phone: 559-732-5372
Watch the FREE video that tells you what you should and should NOT do when you receive the dreaded letter from the IRS at http://gptaxsolutions.com/relief/