Every day millions of hardworking Americans leave their families to do the jobs for which they are paid. Most of these employees will spend eight or more hours and earning every penny that they make. When payday arrives they see anywhere from 10 to 40 percent of their paychecks disappear into the greedy paws of Uncle Sam. Whatever is left is already spent on the mortgage, auto payment, utilities, and groceries. What really makes this bad is that come every April 15th, thousands of Americans find out that they “owing” hundreds or thousands of dollars in income tax.
Unfortunately, many taxpayers cannot afford to pay the income taxes and end up needing IRS help with back taxes. If debtors do not get help with back taxes owed to the IRS, they may get clobbered with severe federal tax penalties. However, when individuals need help paying back taxes, income tax debt relief is available; but it is in the best interest of debtors to get help as soon as possible, or their IRS problems will only get worse. In fact, experts recommend if a taxpayer owes in between 10,000 and 25,000 dollars that they should get IRS help with back taxes as soon as possible. If you owe more than 25,000 bucks, apparently, it is the best of luck to you.
When debtors need IRS help with back taxes, the IRS has a few different weapons that it can use to get their hands on taxpayer money. The most dreaded of these are wage garnishment and tax levies. While the IRS routinely uses these, the law requires that the IRS cannot garnish wages unless they have given the debtor adequate notice. Likewise, the debt must be given due process of law before the IRS can legally unleash a tax levy.
If a debtor gets IRS help with back taxes, before they can make an offer of settlement, it must first be established that there is a doubt as to liability. Once that has been established, there are numerous avenues that debtors can take to settle their Irs tax debt. Regardless of the way the debt is settled, the important thing is that the debtor is on the path to a debt free life.
When Benjamin Franklin made his infamous “death and taxes” remark, he hit the nail right on the head. However, Mr. Franklin could never have foreseen the darkness shadow cast upon the lives of hapless taxpayers by the dreaded IRS. Even a century later, Civil War era Americans only had to pay three percent on their 600 to 10,000 dollar annual incomes. Today, most Americans can kiss half their paychecks goodbye before they even see them. It is no wonder so many American end up needing IRS help with back taxes.