Playing Dead Won’t Save You From Unpaid Taxes!
The IRS doesn’t have to play nice, nor is it on a short leash like other creditors. They can garnish most of your paycheck, empty your bank accounts, take your tax refunds, and seize your property. If you owe a large amount, they can even revoke your passport. Take action and protect your assets before it’s too late.
The IRS Collection Process
If you owe taxes and haven’t paid them, there are several steps the IRS must take before it can move forward with collection actions.
- You’ll receive a bill (Demand for Payment). This is based on your tax return or a Substitute for Return (SFR) filed on your behalf by the IRS. It will include the amount owed, plus any interest and penalty fees.
- The IRS will send at least one additional notice. If you fail to pay after the initial Demand for Payment, the IRS will send a Final Notice of Intent to Levy and a Notice of Your Right to a Hearing.
- If you don’t pay after receiving your final notice, IRS collection actions will begin.
Keep in mind that the IRS generally has up to 10 years from the date your taxes were assessed to collect. During that time, they can garnish your wages, as well as seize bonuses, future tax refunds (tax offset), Social Security benefits, and even your retirement income. Your bank accounts, real estate, vehicles, and other property are also at risk. If you continue to ignore your unpaid tax debt, they will also place a lien on your home or business property.
Facing IRS Collections? We Can Help
Are you being threatened with collection actions due to unpaid taxes? If so, don’t ignore the IRS. Playing dead and avoiding your tax responsibilities will only make matters worse. Eventually, the tax man will come knocking and demand payment.
Thankfully, you do have options to address your back taxes and get the IRS off your tail.
At Top Dog Tax Relief, we’ll work hard to help you:
Reduce Stress
Leave the paperwork and tax negotiations to us! You can relax knowing we’re in your corner.
Protect Your Assets
We’ll work quickly to prevent or stop wage garnishments, bank levies, liens, and other collection actions.
Find a Path Forward
Our team will create a customized plan to address your tax debt and give you peace of mind!
If you’re tired of dealing with your tax debt, contact us today and request a free consultation. We’ll review your situation and explain your relief options.