When you have outstanding taxes, the problem isn’t just going to go away. In fact, your unpaid taxes are likely to snowball into major issues if you don’t take steps to address them right away!
In most cases, after a taxpayer has been notified about a tax problem, and a significant amount of time has passed without them taking action to pay what they owe, the IRS steps in with a tax lien. A lien is a legal claim on your property, a security for the repayment of your tax debt. While a lien does not seize your property, it is a move in that eventual direction if you do not pay.
After the lien has been placed, the IRS may then issue a levy against your property. While a lien is a claim on your property, a levy is the actual seizure of that asset to cover your outstanding tax balance. IRS levies are very serious situations, but you do have recourse. If you take immediate action you may be able to stop the levy before your assets are seized.
As soon as you receive notice of an IRS levy, you need to call Taxation Solutions, Inc. Bringing in our tax experts provides two vital benefits.
- It secures you expert guidance from tax help specialists with 40 years of experience. We can put our in-depth knowledge to work to release your tax levy and secure an alternate tax settlement.
- It illustrates to the IRS that you’re now serious about working to settle your tax debts. Having professional representation shows the tax authorities that you are putting effort into developing a repayment plan.
It’s always better to address your tax debts before the situation gets as far as a tax levy, but no matter how severe your tax problems may be, Taxation Solutions, Inc. is the specialist you can trust for tax resolution. Contact us right now to get started.