There are several steps that both the Federal and State taxing authorities can take to recover delinquent taxes. One of the most drastic and jarring ways that your debt can be collected is through property seizure. With everything from wages to bank accounts to investments to real estate, you could find yourself in a bind if you’re falling behind on your tax debt. If you think that you might be at risk of having your property seized or have already had some of your property seized, you need to act quickly before you find yourself losing even more. Luckily, you can get quality representation and hopefully stop any additional actions by contacting the team here at Inside Out Tax Resolution Services. Here are a few quick tips for dealing with the IRS if you have found yourself in the throes of property seizure.
Answer Any Summons
If you are in active collections, one of the most important steps you can take is to make sure that you are properly answering and responding to any IRS summons or letters. The IRS will always send or deliver a notice before any action for recovery is taken. If you respond to this notice and attempt to resolve the issue, then you may find yourself working towards resolution.
File an Appeal
If you believe that the IRS is mistaken, unreasonable, or overly aggressive, then you may be able to file an appeal. By filing an appeal, you can raise these issues and try to work through your tax problem with someone from the Independent Office of Appeals. Once you file an appeal, you will eventually be given an opportunity to discuss your case and determine what can be worked out. If you work something out in appeals, then you don’t need to worry about doing something separate with collections.
Settle Your Debt
The bottom line is that the IRS can be a bear to work with. There are good employees and there are bad employees. Here at Inside Out Tax, we pride ourselves in knowing how to negotiate with the IRS. Our resident tax expert can help you negotiate the most beneficial resolution to your tax problem.
If you would like to learn more about how you can overcome your tax debt, contact Inside Out Tax Resolution Services today.