The IRS is one of the most difficult federal entities to get around when you owe them money. However, IRS problem resolution can be a relatively painless process if you go about it the right way and obtain the proper assistance. Here are a few things to expect when dealing with the IRS.
1. When You Owe Money
The biggest difference between owing money to a lender like a credit card company, and owing money to the IRS, is that the IRS doesn’t need to take you to court to seize your assets. If you default on a loan or credit card debt, it requires a court order for your wages to be garnished or other assets to be seized. However, the IRS needs no such thing, and since it’s a federal agency, they can seize your assets without a final court judgment according to Nolo.
2. You Will Receive Letters
If you owe the IRS money, seizure of your assets or garnishment of your wages won’t happen overnight. You will certainly receive notices and always by mail. However, the letters tend to escalate over time, and will become more threatening. The more important thing to remember, though, is that the IRS can make good on those threats. Credit card companies and other lenders can use pushy language, but can’t do much without a court order. Once the IRS warns you about possible seizure of your assets, they can simply go ahead and do so. Don’t ignore the letters.
3. What You Can Do
Be proactive. If you owe money and need IRS problem resolution, the worst thing you can do is put off dealing with it. Tax Resolution companies that specialize with helping you, such as Ask Uncle Phil’s Tax Advice can be reached at 855-TAX-TIPS (829-8477). They can guide you through the process and start you on the path to peace of mind. You can connect with them on Facebook for more information about IRS.