IRS Tax Debt: New IRS Computers Make it Faster To Collect Your IRS Debt. Get the Facts.
IRS Collections Updates & New Technology: Breaking IRS Collections update! Tax Returns are not longer reviewed by individuals. One of the biggest IRS Collections Updates is the fact that a big percentage of Tax Returns are reviewed by the IRS's computer system.
IRS Certified Letters & Official IRS Notices: This changes the way IRS Certified letters and Official IRS Notices are sent out. The system is called Customer Account Data Engine (CADE). It speeds up IRS processing, and helps the IRS catch problems in Tax Returns easier. IRS Certified Letters or Official IRS Notices are now sent out automatically. This all comes at a great price to American Taxpayers.
Issuing Warnings with IRS Certified Letters & Official IRS Notices: Have you received any IRS Official Notices? The CADE system automatically sent it to you after it reviewed your tax return. In the past, the account was referred to the automated collection system if you did not reply. Now, Wage and Bank Levies, as well as Tax Liens can all be issued through the computer system, sometimes without an IRS Certified Letter or Official IRS Notices!.
IRS Collection Updates Review:
IRS Collection Updates will allow the IRS to enact the following classic methods of collections. Without the human element involved, you cannot guarantee you will receive an IRS Certified Letter as a warning!
Bank Levy: First, you will receive an IRS Certified Letter in the mail stating your account will be levies. At any point after you receive it, the IRS will freeze your bank account. You will have 21 days to contact the IRS. If no payment arrangement is made before that time, the IRS will seize all the money in your bank account.
Wage Garnishment: No, your boss can't help you! The IRS can take a percentage of your paycheck. And they can do this with every single paycheck until your debt is paid off. If you owe the IRS, check your mail box for an IRS Certified Letter or any Official IRS Notices that hint at the IRS Garnishing your Wages. They're not bluffing!
Tax Lien: This makes you IRS Tax Debt public knowledge. Forget getting a new car or credit card. Your credit will be shot. You won't even be able to sell your own house.
What this means: With a computer automatically issuing Tax Levies and Liens against you, it's going to be harder to contact the IRS to fix your problems. You'll have to wait to be assigned a Revenue Officer (IRS Hitman) and be transferred from department to department before you get your agent on the phone.
Official IRS Notices It's never been more important to make sure you pay your bills on time. The IRS is going to keep updating their technology. With each new upgrade, the IRS will find it easier and easier to find you. Don't think you can "get away with it" if you're in debt to the IRS.
