IRS Collections Process

Understanding the IRS collection process is a complicated, intimidating task. Strategies utilized by IRS agents change over time and it is important that taxpayers to know what to expect. Remember, that only a skilled and experienced tax professional can maneuver the complicated collection process efficiently because only such experts understand the nuances of IRS strategies.

If a taxpayer has an outstanding balance on their taxes, the IRS will send a bill demanding payment. Such outstanding balances may occur due to existing tax liabilities or as a result of an IRS audit, penalties, interest and fees based on current or past tax debt.

Typically, the IRS gives you an initial 30 days to respond to their notice. After that, a notice providing the taxpayer 10 days to respond is sent. Responding to the IRS in a timely manner is highly recommended as to avoid further collection tactics such as wage garnishment, property liens or account levies. Also, settling or negotiating outstanding balances immediately prevents additional penalties, interest and fees.

If a response is not received by the IRS within the allotted period of time, they will move into more aggressive collection attempts. At this point, you may receive notices of intent by the IRS to garnish wages or impose levies or liens. In order to prevent the costly damages associated with such collections, we encourage you to contact Guardian Tax Resolutions today. Do not allow IRS collections to damage your credit rating or destroy your financial future. Let the tax experts at Guardian Tax Resolutions fight for you and secure a bright financial outlook on your behalf. We can help no matter how far along you are in the collection process.

Call us today!