When You Owe IRS Back Taxes, You Should Read About These Three Facts


Owing back tax

When you owe IRS back taxes, it gives them the power o levy upon your assets either personally or through a third party such a bank, but even when you are in the hole for thousands, you do not have to sit by and simply let this happen. While the Constitution has given the federal government the power to lay down and collect upon taxes since its creation in 1787, when you owe IRS back taxes, they have to let you know by law before they take action. This will give you the opportunity to hire a lawyer and develop a defense or counter so that even if you owe back taxes in a large amount, you will be able to pay them in a way that does not destroy your lifestyle. Remember that just because you owe IRS money to the government does not give the organization the right to bully you.

The first federal income tax was brought in through the Revenue Act of 1861, but you will find that when you owe IRS back taxes, you will not be thinking of the past, but of your future. When you owe back taxes to IRS, you need a lawyer to help you sort things out. A lawyer will know how to negotiate a lower amount when your owe irs back taxes. This way, owing back taxes will not ruin your life or give the IRS the chance to take your property.

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