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Types of IRS Pain

 

Types Of IRS Pain


  1. IRS LIENS (You Lose Your Credit)
    Federal Tax Liens will make your life miserable. Federal Tax Liens are public records that indicate you owe the IRS.
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  2. IRS LEVY (You Lose your Money)
    A levy means you just lost your money from your bank account or your paycheck or your account receivable.
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  3. WAGE GARNISHMENT (You're working for the IRS now)
    The IRS wage garnishment is filed with your employer.
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  4. IRS PENALTIES (You Get Punished)
    The IRS penalizes millions of taxpayers each year. They have so many penalties that it's hard to understand which penalty you've received.
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  5. AUDITS(Finders, Keepers; Losers, Weepers)
    The IRS can audit you by mail, at their offices or at your place.p.
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  6. PAYROLL TAX (You Lose Your Business)
    The IRS wants past due payroll taxes paid. The penalties assessed on delinquent payroll tax deposits/filings will choke a horse.
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  7. IRS SEIZURES (You Lose Your Property)
    A seizure means you just lost your property like your business equipment or inventory or your land or your boat or your house.
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  8. UNFILED TAXES (You Lose Your Freedom)
    Failure to file tax returns may be a criminal act punishable by one year in jail for each year not filed.
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