You Should Know About These Serious Tax Problems

You don’t want to run into trouble with the IRS. Here’s what will happen if you do. Click here for a FREE tax relief consultation Check out our FREE tax resource library There are a number of serious tax problems you can fall victim to out there, and each one has different solutions.The IRS takes these seriously and if you simply ignore them, the consequences get increasingly harsh over time. These consequences include: The IRS can take up to 80% of your paychecks until the debt is paid. Penalties can grow to 25% and beyond on the original tax. Interest will add up every day until paid. Tax liens filed against you can stop you from buying a house or borrowing money. Your bank accounts, retirement plan accounts can get levied by the IRS. Civil penalties can be levied if you are an owner or officer of a business that does not pay their payroll taxes. “ If you don’t take action now, your problems will only get worse. ” Once you get a notice of taxes due, they usually have some penalties and interest already calculated, but this is just the beginning. If you don’t take action now, your problems with the IRS will only get worse! In my next few posts, I will discuss each of the common tax problems and how to deal with them so stay tuned. If you know you have tax problems, you should protect yourself by hiring a qualified tax problem specialist. We have experience in strategies in negotiating with the IRS to get you the lowest amount that you have to pay. If you know someone with a tax problem, don’t hesitate to reach out. You can give me a call or send me an email. I look forward to hearing from you soon.

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You Should Know About These Serious Tax Problems is an episode from Tax Resolutions Podcast with Tom Scott by Tom Scott.

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This episode was published on Dec 28, 2017.

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