Important Tax Debt Facts & Stats

Essential things you need to know about tax debt resolution and the collections process.

Resolving tax debt is critical when you’re facing problems with the IRS. But solving your problems can be really stressful – especially if you don’t exactly understand all of the challenges you’ll face and what will happen during the collections process. Lack of understanding only makes a bad situation worse.

With that in mind, we’ve put together the information below to help you understand everything you need to know about tax debt and the collections process. You can learn about the process so you know what’s coming and can move forward and talk to a professional with more confidence.

Use the information below to help you learn, but remember that your best resource is a consultation with a qualified tax professional. When you’re ready to get started, call us today at 1-888-470-4531 to connect with a professional or complete the form to the right to ask for help online.

A Step-by-Step Guide to IRS Collections

Once the IRS learns that you owe back taxes and have unpaid tax debt, they will begin the collections process. We’ll tell you step-by-step what you can expect if you’re facing a collections action from the IRS. You can also learn how to resolve your issues so you can avoid garnishment, liens and levies.

Federal Tax Liens and Lien Resolution

A federal tax lien is the IRS’ legal claim to your property and/or assets. Learn when and how the IRS can use a lien to collect on unpaid tax debt and what you can do to have a lien removed. We’ll also explain how you can use tax resolution services to avoid having liens placed or to have a lien removed.

IRS Bank Levies

Liens are only one way the IRS can collect on back taxes. Bank levies allow the IRS to take money directly out of your accounts. So if you owe unpaid tax debt to the IRS, you could find your bank accounts cleared out if you try to dodge the collections process and avoid paying. Learn what steps to take to address bank levies.