If you work, you pay taxes. Taxes have been a part of our country even before it was its own country and it was still controlled by the British. Today, anywhere from 10 to 40 percent of your income goes to taxes. If you do not file your taxes properly each year, you can get into trouble with the Internal Revenue Service, or the IRS.
There are a few things that the IRS can do if you owe back taxes, I would recommend trying to avoid owing back taxes, but if you do, this is what you can expect.
1. Lots of late fees.
They just keep piling them on. You would think that if you could not pay your taxes they would think that hey maybe you can not afford any more fees, but it does not work that way. Your tax bill can double before you know it if you ignore it for any length of time.
2. Garnishment of wages.
Yes they can actually take money out of your paycheck. Seems unfair, but I do not think that the IRS cares about what is fair. It is however, illegal for someone to fire you because you face a garnishment of wages, so keep that in mind.
3. Tax Levies.
The IRS can actually begin to take your property if you are not paying your taxes. They can take your car or put a levy on your house. This is a particularly scary thing that the IRS can do, and you do not want to end up without a house. If you face a tax levy on your house, it is important to remember that you have a right to be warned of the upcoming levy by the IRS and you have the right to be given a chance to be heard.
If you need foreclosure help Texas because you owe back taxes, call a tax attorney today. If you are facing a foreclosure dallas TX, you may have options. It is important to get foreclosure help, and not try to handle the situation yourself. A lawyer knows the ins and outs of the law and can really be helpful when trying to manipulate it in your favor. A mortgage help center can help you with foreclosure help Texas. Home foreclosure help is there so you are not alone in this dire time of need. Do not hesitate to get foreclosure help Texas. Find more on this topic here: www.nthcinc.org
Trackback from your site.