Face the Music: Don't ignore your IRS debt.
It's not simply going to vanish.
The IRS gives you warning before they take action.
But if you ignore them, you'll have to face the facts.
Learn what can happen if you don't pay.
Judge & Jury: The IRS doesn't need to go through the court system to apply Levies and Liens.
They are given the power to do so, and they use that power all the time.
You may have slipped through the cracks once or twice, but you won't escape the IRS's judgment forever.
IRS Top Weapons: Tax Lien: Goodbye, Good Credit! The IRS Tax Lien is a serious black mark on your credit.
The IRS doesn't care if you can't get a loan, buy a house, buy a car, get a new credit card, or sign a lease.
This weapon is a harsh warning for the next weapon in their arsenal.
Tax Levy: This is when the IRS makes good on their threats and actually seizes your money or property.
They can also place a Levy on you bank account or your wages.
This means the entire funds in your savings account can vanish overnight and a huge chunk of your paycheck will be missing each payday.
Apply Penalties and Interest Fees: For every month you don't pay your debt, interest and penalties build up.
When Penalties continue to add up on an unpaid debt, your account becomes a mere shadow of its former self.
Debt can double or even triple in cost.
Make it Stop! Show 'em The Money Even if everyone tells you that you can "Get Away" by ignoring your IRS debt, it's not true.
The only way to get out of your debt is to find a solution to pay it off.
Or better yet, make sure you never let your taxes go unpaid in the first place! Now You Have the Smoking Gun...
Use it!