THE TRUTH ABOUT YOUR TAX DEBT

THE TRUTH ABOUT YOUR TAX DEBT

There are approximately 8 million* individuals and business owners who have tax debt, and the IRS is going after them with unprecedented levels of aggression – for instance, property seizures have increased by 230%** in the last decade.

  • The IRS likely has access to all of your financial information, including both personal and business assets. They are also constantly mining social media data, travel, and credit card and debit transaction records.
  • The IRS has begun to add delinquent taxpayers to the government no-fly list and may revoke your passport when you try to fly out of the country under a new law called FAST Act (section 7345 of the tax code).
  • Collecting Tax debt takes priority over all your other legal rights, once the IRS is ready to move on your assets, you may lose your retirement funds, paychecks, home, cars, and even your business without much time for you to take action.
  • The IRS has already begun to build their case against you. Evading tax debt comes at a heavy price: felony conviction, 5 years’ imprisonment, a $250,000 fine and the cost of prosecution***(26 USC 7201).

It’s more important than ever to have an experienced professional who can take the IRS head-on by your side, armed with a vast knowledge of the tax debt law and IRS proceedings. Dealing with the IRS can be daunting, but with the right help you can get your life back on track and your financial house in order.



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