Reading this article can leave the typical taxpayer feeling a little nervous. If you’ve already had trouble with the IRS, or are currently trying to resolve tax problems, that article, which charts the dramatic increase in IRS tax liens, might make you very nervous indeed!
The IRS Is Stepping Up Tax Enforcement Efforts
Earlier this month, National Taxpayer Advocate Nina Olsen released her annual report to Congress. The Advocate expressed continuing concern that the IRS’s increasing use of hard-core enforcement actions, particularly tax liens, is inflicting unnecessary harm on financially struggling taxpayers.
Over the past seven years, the IRS has filed more than five million tax liens. 1.1 million liens were filed in 2009! The impact of these liens is tremendous. The individual tax payer will have their credit negatively impacted, making it harder for them to borrow money to buy a house, car, or fund a child’s education. A tax lien can affect a taxpayer’s employability. Not every company is willing to hire someone who’s had trouble with the IRS.
What To Do About Your IRS Tax Lien
If you have received a notice from the IRS about a potential or impending federal tax lien, don’t panic! There is hope for your situation. Begin by realizing you need to get help right away! Resolving tax problems requires expert, experienced assistance. Don’t try to go it alone!
There are many routes to settling old tax debt and eliminating federal tax liens. Don’t trust anyone who claims to know the solutions to your tax problem before they understand your unique circumstances! Every tax problem is different. You want a qualified tax professional to work with you to discover the best way to resolve your tax issues.
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