IRS tax collectors are very powerful players in the federal government – people who you need to get off of your back NOW (remember, interest and penalties can continue to accrue). If you do not pay your taxes, collectors can:
- Garnish your wages
- Levy your bank account
- Close down your business
- File a tax lien against you
- Seize and sell your home
- Assess you personally for corporate employment taxes
They can even contact business relationships, friends and neighbors about your tax liabilities, making your life miserable.
If you get behind in taxes, you are going to need a heavy hitter on your side. If you get a notice from the IRS, follow these cardinal rules:
- Don’t ignore the notification
- Never meet with the IRS alone
- Retain an experienced tax expert