Our Offices| 1909 Mall Drive | Texarkana, TX 75503

Our Offices| 1909 Mall Drive | Texarkana, TX 75503
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Thursday, September 11, 2014

Worst thing to do about your tax issue is!

Nothing.  By ignoring your tax issue you can miss several chances to get this resolved.  One example is when the final IRS letter is received before the IRS takes collection action (bank and wage levies) you have 30 days to appeal the proposed action.  When you file a collection appeal it can take several months for the appeal hearing and this can give you time to get your house in order. You may need to file some delinquent tax returns,  make some changes to your personal finances to improve your chances at a settlement or favorable payment terms, or request abatement of penalties for reasonable cause.  If you just do nothing you risk collection action by the Internal Revenue Service.  When this happens you have 21 days with a bank levy before the money is gone and a wage levy continues unless it is released.  So you may have two weeks until the next payday to get something worked out. We can find out where you are in the collection process and what action needs to be taken to tackle your tax issues if you will not ignore them.  

Robby