Federal Tax Debt Actions:
Income Tax Debt, State Tax Debt
IRS Tax Debt - Government Tax Debt - IRS
Debt
(we
work to reduce or completely eliminate
what you owe)
What actions
can the IRS take to collect taxes?
Assets, such as, but not limited to,
improvements such as buildings on trust
land, vehicles, bank accounts, earnings,
and fee simple land, owned by
individuals, are subject to seizure,
Federal Tax Liens, garnishments, and
levies.
It is
important to contact IRS and make
arrangements to pay the tax due
voluntarily. If you do not the IRS may
take action to secure payment.
Some of the actions the IRS may take to
collect taxes include:
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Offsetting a refund to which you are
entitled.
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The federal
tax lien is a claim against your
property, including property that you
acquire after the lien is filed. By
filing a Notice of Federal Tax Lien, the
government establishes its interest in
your property as a creditor in
competition with other creditors in
certain situations, such as bankruptcy
proceedings or sales of real estate. A
federal tax lien may appear on your
credit report and may harm your credit
rating. Once a lien is filed, the IRS
generally cannot issue a "Certificate of
Release of Federal Tax Lien" until the
taxes, penalties, interest, and
recording fees are paid in full or the
IRS may no longer legally collect the
tax.
A Notice of Levy is another method the
IRS may use to collect taxes. Levying
means that the IRS can confiscate and
sell property to satisfy a tax debt.
This property could include your car,
boat, or real estate. The IRS may also
levy assets such as your wages, bank
accounts, Social Security benefits, and
retirement income. In addition, the IRS
will apply future federal tax refunds
that you are due, to offset the amount
you owe. Any state income tax refunds
you are owed may also be applied to your
liability.
If the IRS garnishes your
wages as payment for your federal tax
liability, up to 25% of your disposable
income on each paycheck can be
confiscated to pay off your debt. By
law, if a wage garnishment certificate
for your funds is approved and ordered
by a court, your employer will be
required to set aside a predetermined
amount of your wages for the IRS. Wage
garnishment can make an already
difficult financial situation even more
desperate, and can be very stressful and
embarrassing.
ExpressTaxRelief.com Providing Nationwide Tax Relief and US tax help for anyone living in the USA and overseas:
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AZ, Arkansas AR, California CA,
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Delaware DE, District of
Columbia DC, Florida FL, Georgia
GA, Hawaii H, Idaho ID, Illinois
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Hampshire NH, New Jersey NJ, New
Mexico NM, New York NY, North
Carolina NC, North Dakota ND,
Ohio OH, Oklahoma OK, Oregon OR,
Pennsylvania PA, Rhode Island
RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX,
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VA, Washington WA, West Virginia
WV, Wisconsin WI, and Wyoming,
WY
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