Help for Tax Debt Relief: Avoid Lien & Levy

Last updated on January 17, 2022

Unpaid taxes can become a pain in the neck. Even if the amount of taxes owed is little in the beginning, as years pass by, the amount grows. That is because the IRS charges interest on the amount of taxes due. As the amount of tax debt increases, the interest also increases. Therefore, it is advised to hire tax help to resolve IRS tax debt as soon as possible.

When taxpayers avoid paying their tax debt, it can lead to trouble. This is especially true if the IRS is sending notices regarding the debt. If the notices do not get a response, the IRS may move to a tax lien or a bank levy to recoup the tax money.

With a tax lien, the IRS claims the property/assets of taxpayers to secure payment of a tax debt. Even if taxpayers cannot pay the full tax debt amount, they must consult tax debt help to assist them in getting matched with an IRS debt resolution plan. Not all IRS plans require taxpayers to pay the tax debt amount in full. If taxpayers do not make arrangements to resolve their tax debt even after a lien, the IRS places a levy where it can sell the property/assets under the lien to fulfill the tax debt.

Tax debt help assists taxpayers in resolving their back taxes, which does not necessarily involve a full payment of the tax debt amount. Taxpayers who cannot afford to pay their tax debt in full have the choice, depending on their circumstances, of paying a part of the tax debt, postponing their payment, or having their debt forgiven. After all, getting tax debt relief is better than facing aggressive IRS collection actions.