Adopted and implemented by the Revenue Act of 1861, federal income taxes can be a worrisome experience for some, especially those that have unpaid or unfiled returns. Today, there are approximately 1.2 million tax preparers in the United States, according to the Cato Institute. Ignoring tax troubles can run people into major legal woes that may result in a number of consequences, including tax penalties and tax liens. Resolving your IRS tax problems is possible.
It goes without saying that taxes can be expensive, and can vary between 10 to nearly 40 percent of taxable income. However, every government in the United States offers some sort of tax exemption for certain individuals or families that qualify, and help with IRS tax problems is available. Looking into you options may prove a wise first step in resolving your IRS problems. If you need more help with irs tax problems, you must assess your situation, understand your legal rights, and negotiate with the IRS. For some, it may be necessary to higher a tax relief attorney to help with irs tax problems.
The IRS requires that filers pay taxes according to their annual schedule, and if this is not done in a complete and timely matter, late or unfiled tax payers may have to pay additional fees placed on top of their existing tax bills. Moreover, ignoring your problems with IRS can result in the IRS prohibiting you from selling your personal possessions without first removing a tax lien. Get help with IRS tax problems to prevent these and other penalties.
Finally, people with unpaid or unfiled taxes may have to face a tax levy, which was first used in 1791, and is an administrative action that allows the IRS to seize your possessions to satisfy outstanding debts. Ironically, citizens are suppose to be protected under the Fifth Amendment of the Constitution, which forbids the government, including the IRS, from seizing property without due process of law. Finding help with IRS tax problems may be necessary, but do not it persist! Get help with IRS tax problems and rid yourself of worries!