Tax Debt and How To Deal With It
There will be those that disagree, but I have basically one opinion on tax debt. Let someone who knows the system handle it for you. Don’t attempt to negotiate with the IRS yourself, you will get screwed. Thats about as straight as I can give it to you. There are plenty of good attorneys who can handle tax debt for you. They have negotiated it before. They know the law, they understand the system. They problem is that most of the IRS employees have limited understanding of the tax code. But not to worry, along with their complete lack of knowledge, they also get far reaching power to collect.
They can seize assets, seize wages, seize bank accounts ** WITHOUT GOING THROUGH DUE PROCESS OF LAW ** Thats right - they don’t have to use the court. This is a debt where they actually can put you in jail if it gets that far. I don’t want to be all gloom and doom. But if you have substantial tax debt, this is the area where I do not recommend that you handle it yourself. The knowledge involved is just too specialized and too complex.
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