If you owe the IRS for an income tax debt, it is only a matter of time before the IRS enforces collection. The IRS can and will take your paycheck and wages. The IRS can and will seize your bank account. It's only a matter of time.
Get ahead of the IRS. If you owe for unpaid income taxes, contact the IRS Tax Relief team at Flat Fee Tax Service, Inc. We will have your IRS Levy (garnishment) stopped and released in one day.
Stopping an IRS levy is only the first step in resolving your income tax problem. Your choices are:
- Get into an installment agreement with the IRS. If you do, on your own, you may be agreeing to pay much more than you should. Your income tax debt will double in approximately 4 years. As an example, if you owe $10,000, you will end up paying the IRS $20,000 if your payments are paid over a four year period.
- You may be eligible to be declared Currently not Collectible. If you are, the IRS has come to the realization that you cannot pay the IRS anything. However, the IRS will place a Federal Tax Lien on you. This will affect you in renting an apartment/house, buying a car (if you can the interest rates will be much higher) and security clearances. It may also affect licenses you may need for your occupation.
- You may be able to settle your entire IRS income tax debt through the Offer in Compromise program. When you settle with the IRS, you will have no Federal Tax Liens. It does not affect your credit. Your will have a brand new Fresh Start.