The IRS Forgives Billions
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It’s hard to resolve IRS debt by yourself, as there are Tax Court Findings, Revenue Rulings, and Congressional Reports to consider.
You May Qualify to be Forgiven for Tens of Thousands of Dollars in Tax Debt
THE TRUTH ABOUT YOUR TAX DEBT
The IRS likely has access to all of your financial information, including both personal and business assets. They are also constantly mining social media data, travel, and credit card and debit transaction records.
The IRS has begun to add delinquent taxpayers to the government no-fly list and may revoke your passport when you try to fly out of the country under a new law called FAST Act (section 7345 of the tax code).
Collecting Tax debt takes priority over all your other legal rights, once the IRS is ready to move on your assets, you may lose your retirement funds, paychecks, home, cars, and even your business without much time for you to take action.
The IRS has already begun to build their case against you. Evading tax debt comes at a heavy price: felony conviction, 5 years’ imprisonment, a $250,000 fine and the cost of prosecution.
Ignoring the IRS may be very costly:
Avoiding Your Tax Debt is a Prosecutable Felony
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Sources: ExpertLaw.com*, Bloomberg**,IRS**, Social Security Administration****