An installment agreement allows an individual with tax debt to pay the entire back tax amount in monthly installments over a specified period of time. Taxpayers who are unable to satisfy their entire tax debt at once may find the right installment agreement advantageous. Many Options There are many types of installment agreements to be chosen based on the amount …
IRS Revenue Officers Bring Trouble to Your Life
Chilling Facts About IRS Revenue Officers Revenue officers are highly skilled employees of the Internal Revenue Service (IRS) who are responsible for collecting back taxes and resolving tax debt cases. They receive more intense training than regular IRS employees and they have the ability to enforce the tax code and collect taxes from delinquent accounts as quickly as possible. Revenue …
How to Protect Yourself from Aggressive IRS Actions
In order to avoid aggressive IRS actions, it’s important to understand how they work. In addition to sending notices regarding the payment of debt, the IRS also uses various aggressive collection actions such as the federal tax lien and tax levy to collect tax debt. It’s beneficial for taxpayers to begin resolution efforts as soon as possible. Once a taxpayer …