Owing the irs back taxes is probably not something that anyone intentionally sets out to do, but it is not uncommon. Tax debt most likely dates back as far as taxes themselves. Since the United States Constitution was adopted, giving the federal government the authority to issue and collect taxes, in 1787, Americans have been paying taxes to the United States government. The Revenue Act of 1861 brought the first federal income tax. Before gaining their independence in 1776, American colonies were taxed by the United Kingdom.
Sometimes people owe more money in taxes than they can afford to pay. While it is not a good idea to get behind on any bills, owing back taxes to irs is even worse than getting behind on most of your other bills. Owing back taxes to the IRS can lead to the garnishment of wages, when a portion of the paycheck of someone who owes taxes is taken out and sent directly to the IRS. When someone owes the IRS back taxes, the IRS can also issue a levy and seize their possessions and certain types of property.
For those owing the IRS back taxes, there are some options. It is possible to contact the IRS by phone or by email. If the tax bill is due, and there is not enough money to pay, it is often possible for taxpayers to work out a payment plan directly with the IRS. If you could use some legal assistance, or could use some help with back taxes owed to the Irs lawyers are available, tax lawyers. Experts advise those who owe more than $10,000 in back taxes to seek legal advice.
Wow, I can not imagine owing ten grand to the IRS. Yikes.
Wow, I can not imagine owing ten grand to the IRS. Yikes.
Wow, I can not imagine owing ten grand to the IRS. Yikes.
Wow, I can not imagine owing ten grand to the IRS. Yikes.
Wow, I can not imagine owing ten grand to the IRS. Yikes.