Without question, underpaying your taxes or filing a delinquent return can land you in hot water with the IRS. But that’s nothing compared to the countless fees and fines you could face for failing to comply with the tax codes and letting the situation reach the boiling point. As a licensed Enrolled Agent who has been advising taxpayers for more than two decades, I’m all too familiar with the more than 140 income tax penalties the IRS can throw at you and how they can be combined and compounded to make your life a virtual nightmare. So before your situation rockets from bad to worst, allow America’s Hometown Tax Service, LLC, to help you limit your losses with workable solutions to IRS tax penalties. From negotiating an IRS installment agreement to resolving an IRS tax lien, I can provide the step-by-step guidance you need no matter what type of tax penalty or repayment tactic you’re facing, including:
- IRS Tax Liens—A security placed on your property or real estate, a tax lien is one of the many strategies the IRS uses in order to secure payment for your tax debt. While the size of the lien and other details are determined by the amount you owe, the consequences of a tax lien can be severe to say the least. You see, tax liens become public record and show up on your credit report, so they can prevent you from obtaining loans or even opening a bank account. What’s more, a tax lien typically extends to any property you acquire while continuing to pay off your tax debts, making it impossible to refinance or sell the property until the amount is paid in full. Since 1986, America’s Hometown Tax Service, LLC, has been dealing with the rippling effects of IRS tax liens. Trust me, Jeffrey Simpson, a Fellow of the National Tax Practice Institute, to intercede on your behalf in order to determine the best course of action for IRS tax relief.
- IRS Wage Garnishment—For individuals already struggling to make ends meet, IRS garnishment of wages can be especially devastating. Under this harsh type of tax penalty, the federal government has the authority to make regular, automatic deductions from your paycheck for as long as you owe your tax debt. That could mean years of lost wages, crippling your ability to cover your monthly bills and everyday expenses. If you’re feeling the crush of an IRS garnishment, contact me today. I’ll work out a way to help you pay back your debt and still be entitled to your full compensation.
- IRS Tax Levies—Perhaps the most threatening weapon in the IRS arsenal for collecting an outstanding tax debt, a tax levy allows the authorities to legally seize your property and assets, including vehicles, real estate, even bank accounts. This is the IRS’s final enforcement and is the result of an unsuccessful tax lien. If you’ve received a summons indicating an impending tax levy, the clock is ticking. Call me now to get started on a plan that can set your taxes straight before you lose your car, your cash, and possibly even your home.
After 25 years at the helm of America’s Hometown Tax Service, LLC, I understand the circumstances that can lead to tax debt. More importantly, whatever your reasons for being in arrears, I know what needs to be done when tax penalties have been incurred. So don’t make your financial situation any worse than it is already. From looming IRS garnishment and tax liens to impending summons and seizures, trust me to help allay your worries and get you back on the road to IRS tax relief.