Do you avoid the IRS? Do you make excuses for not paying them, like “I’ll pay next year,” or “It’s just a small amount”? If so, it might be time to get your act together. If you are looking to avoid the IRS, it’s important that you know what type of penalties and repercussions your actions could lead to.
Ignoring an IRS bill is not a wise decision for anyone who plans on continuing to live in the United States. Without following proper procedures, there is no telling how much money will be owed by the time all is said and done!
Why You Shouldn’t Avoid The IRS
In order to avoid the IRS, you have to overlook any warnings that they send. Not filing your taxes is a big no-no because of this type of warning! If an individual chooses not to pay their bill despite receiving multiple notices from the IRS, then the amount owed will continue to grow exponentially by both interest and penalties.
When you go to bed every night while still having missing payments towards the IRS, your interest goes up and compounds quickly. So don’t be surprised when your $5,000 bill is suddenly $10,000 after you take another look at it a few years later.
The IRS holds many methods in which they can take the money you owe them directly from you. This may come in the form of wage garnishment. In this method, the IRS will collect your wages from your employer in order to fulfill your balance.
A more extreme method would be seizing your property. This process is called a tax levy, and anything that you own may be up for the taking. Your house and your car are susceptible to being levied in order to pay off your tax debt.
How You Can Properly Avoid Them
The bottom line is that you can’t completely avoid the IRS. But if the reason for being on the IRS’ radar is an outstanding tax debt that cannot be paid for, there’s a way for them to stop bothering you about it. Of course, when there’s a problem, there has to be a solution. The IRS understands that many people simply cannot afford to pay the high tax bills that they impose.
There’s a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Our clients are referred to our Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
How Simple Is Qualifying?
Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.
- Fill out some basic information about yourself and your back taxes here.
- Have a representative reach out to you to discuss your eligibility.
- Go through the enrollment process and finally reduce or eliminate your tax liabilities.