IRS Tax Problems in Palm Beach Florida

When individuals or businesses owe a tax debt, they should seek out a professional to get the proper representation.  If the taxpayer does not make arrangements to satisfy their debt, the IRS will take certain measures to collect on the taxes due. There are tax problems that can be handled easily with a simple phone call to the IRS, but once a tax liability reaches a certain dollar amount, taxpayers often lack the ability to pay and the IRS can become very aggressive.

The IRS may use enforced collection actions against a taxpayer to collect a tax debt.  Once this process begins, it can be devastating to a taxpayer’s finances. Collection actions include:

  • IRS Tax Liens: The IRS will place a claim against a taxpayer’s property or person as collateral for a tax debt. The IRS will not release a lien without the tax debt being paid in full. There are exceptions for certain situations.
  • IRS Bank Levies: This allows the IRS to seize funds from a taxpayer’s bank account(s) or accounts receivable for an IRS tax debt.
  • IRS Wage Garnishments: The IRS will seize a portion of a taxpayer’s wages, paycheck, or salary to satisfy a tax debt. This includes social security payments as well.

These collection actions affect a taxpayer’s finances and credit, making it difficult to borrow money through loans from the bank, or other financial institutions, buy or sell a home, or even rent property.   Due to a pre-set of allowances, the IRS can leave a taxpayer without a sufficient amount of money to live, and even worse, sentence a taxpayer to jail.