Owe Back Taxes? There’s Always an Option!
Taxes can be very confusing, and frustrating for people. A lot of things seem random and don’t make sense. Did you know that for a deck of playing cards, there is 10cent tax in Alabama? Little, strange things like that occur all the time without anyone really knowing, and it makes things even more difficult. In 1787 it was adopted in the constitution that the federal government be the driving force that laid and collected taxes. However, it also required that some types of tax revenues are given to the state in direct proportion to the state’s population. In 1990, everyone became eligible to file their taxes online, which makes it much easier to keep from having to owe IRS anything.
Owing back taxes can be a frightening experience, but here there is something you should know to make it a little easier.
The IRS can levy wages, social security payments, bank accounts, and plenty of other sources to make up whatever the taxpayer owes. However, the IRS must give notice if you owe back taxes and they are going to impose a levy, as well as an opportunity for your case to be heard.
If you owe IRS back taxes, there is always time to straighten things out. Filing taxes can be a hassle, but getting behind on them is even worse. If you owe back taxes to IRS, it can result in a lot of problems. But there are things you can do, and you can always get help from people who know about taxes and laws. Owing back taxes is never good, but don’t worry, you’re never completely backed into a corner. Just because you owe irs taxes doesn’t mean you have no options!