Avoid Back Tax Penalties When You Hire Our Experts
The IRS is a federal agency with incredible power when it comes to tracking down and penalizing anyone owing back taxes. In addition to collections calls, interest, and other charges, the IRS has the authority to take your assets. This can mean seizing your property, seizing your assets, or putting liens on property. A ‘property lien’ is a legal claim that can let the IRS gain legal access to your property if your debts are not paid. A lien needs to be filed officially, and approved by the offices of a county or state.
As a huge government body with all the resources of the federal government available, the IRS has more than enough power to enforce debt payments. In some cases, unpaid debts with the IRS can lead to criminal prosecution. Some back tax debtors have even faced imprisonment.