The Consequences of Avoiding Your IRS Problems
If you've gotten yourself into hot water with the Internal Revenue Service, you might feel like there is no way out. The IRS's hand is far-reaching and you may have experienced wage garnishments, penalties and interest, liens and property seizures. The financial restraints of dealing with the IRS can turn your life upside down. A professional who has experience in these matters can offer you a consultation and numerous tax relief options. These individuals can help you avoid overpaying your tax liability, protect you from harassing mail and phone calls, and resolve of all your outstanding debts with the IRS.
The Consequences of IRS Issues
1. Ruined Credit- The consequences of IRS issues can be devastating to your credit. Liens and levies become part of public records and go on your credit report, which can hinder your ability to obtain a mortgage and borrow from private student loan lenders.
2. Wage Garnishment- If the IRS has garnished your wages that means that they are taking a portion of your paycheck before you receive it. Depending on the amount of money you owe and the amount that the IRS deems appropriate to garnish, this can be a significant amount of your check. That's money that you can't use to pay your bills, mortgage or rent, which can place undue financial strain on you and your family.
3. Liens that Limit Your Options- If you have a tax lien against your property, you cannot sell it, as the title must be clear beforehand. If you can't move, that means you can't accept better job offers from outside of your area or take advantage of less costly housing options, both of which would be instrumental in helping you to pay the tax debt more quickly.
4. Devastating Levies and Seizures- If the IRS chooses to go after you, your paycheck isn't the only thing that they can take. Levies can have terrible consequences for your finances, as the IRS can wipe out your savings and checking accounts and can also seize your property or business and sell it off in order to settle the debt.
A professional who is experienced in providing IRS tax services can help you alleviate your debts and get back on track financially. When penalties and interest add up, professional tax assistance providers can help you to pursue an Offer in Compromise to eliminate your liability and release any tax liens against you.
Not a Solicitation for Legal Services
The Consequences of IRS Issues
1. Ruined Credit- The consequences of IRS issues can be devastating to your credit. Liens and levies become part of public records and go on your credit report, which can hinder your ability to obtain a mortgage and borrow from private student loan lenders.
2. Wage Garnishment- If the IRS has garnished your wages that means that they are taking a portion of your paycheck before you receive it. Depending on the amount of money you owe and the amount that the IRS deems appropriate to garnish, this can be a significant amount of your check. That's money that you can't use to pay your bills, mortgage or rent, which can place undue financial strain on you and your family.
3. Liens that Limit Your Options- If you have a tax lien against your property, you cannot sell it, as the title must be clear beforehand. If you can't move, that means you can't accept better job offers from outside of your area or take advantage of less costly housing options, both of which would be instrumental in helping you to pay the tax debt more quickly.
4. Devastating Levies and Seizures- If the IRS chooses to go after you, your paycheck isn't the only thing that they can take. Levies can have terrible consequences for your finances, as the IRS can wipe out your savings and checking accounts and can also seize your property or business and sell it off in order to settle the debt.
A professional who is experienced in providing IRS tax services can help you alleviate your debts and get back on track financially. When penalties and interest add up, professional tax assistance providers can help you to pursue an Offer in Compromise to eliminate your liability and release any tax liens against you.
Not a Solicitation for Legal Services
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