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How a Back Tax Problem Can Really Affect You
 If you have a tax debt that you cannot afford, you have a back tax problem already. However, not paying your back taxes can lead to more back tax problems. You may have heard a little of what the IRS can do to you, but it is surprising how aggressively the IRS acts to collect on a debt. The first step to avoiding an IRS nightmare is to prepare for the worst. This page will cover a wide variety of back tax problems.
Levies & LiensLevies and Liens are the most common tactics the IRS uses to both collect on a tax debt and pressure taxpayers to make unaffordable payments. Levies can create a back tax problem for your bank accounts and wages. This back tax problem is financially devastating to most people. It can cause other related back tax problems, such as the loss of a job or inability to pay important bills.
Liens are used by the IRS to secure your tax debt. This back tax problem does little to pay off your debt. However, it does incredible damage to your financial independence. A tax lien hurts your credit, which consequently makes this back tax problem more pervasive in a taxpayer's life. Bad credit makes it harder to get a job, buy a car or house, or even pay rent. This back tax problem also hurts your security clearances and can spell the end of any government contracts you may have.
Revenue OfficerMake no mistake; a revenue officer is not your designated IRS buddy. He or she is a walking, breathing IRS back tax problem. It is the revenue officer's job to use any means possible to get your debt paid in full. He or she will show up at your home and work. If you are a business owner, you may have to shut your doors. If you own any property, you may have to give that up as well. Revenue Officers used to be reserved for incredibly large tax debts or complicated business back tax problems. However, the IRS is now assigning Revenue Officers to regular taxpayers with a common back tax problem.
Seizure of PropertyIf your back tax problem is serious, the IRS is willing to do whatever it takes to pay it off fast. This includes going through the seizure and sale collecting process. A revenue officer will account for everything you own ranging from your primary residence to even your perishable goods. After receiving judicial approval, everything you own will be auctioned off. If you have a large enough back tax problem and an aggressive enough revenue officer, you truly could lose everything that you own.
Jail TimeWhile the IRS cannot send you to jail if you owe taxes, they can certainly send you to jail for not filing. You cannot avoid creating a back tax problem by not filing. In fact, it just compounds your back tax problems. The IRS will often just file for you, which often leads to a much higher tax debt than you would have had. If you go a long time without filing, the IRS will consider you a tax protestor that is willfully hiding income and not contributing. This is what they can and will put you in jail for.
The IRS can leave you without even a penny, and even take away your freedom. If you are faced with any of these back tax problems, do not try to handle it on your own. Get help from a tax professional to make sure that you don't trade an IRS back tax problem for a bad situation.
Before you experience your first back tax problem, consult a professional. Call (800) 590-4524 now or fill out the form below for a free tax debt consultation on how to prevent or end your back tax problem! We'll only connect you with a tax debt relief company holding at least a B rating with the Better Business Bureau.
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"My back taxes had been haunting me for years & the bank levy happened so quickly; I'm glad I had you behind me every step of the way. Everyone is astonished that I got all my money back so soon. I am eternally grateful!
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Christopher M. - Minneapolis, MN (see
video testimonial)
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Stop the stress of IRS tax debt.
(800) 590-4524
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