Getting (or Staying) Out of Tax Debt
Anyone who earns a paycheck in the United States is required to pay income taxes. Federal income tax rates can vary from 10 to 39.6 percent. Sometimes people owe more money in taxes than they can afford to pay right away.
No one wants to be in the position of owing the IRS back taxes. When you owe the IRS back taxes, they can garnish your wages or issue a tax levy and seize your assets. There are an estimated 1.2 million people who prepare taxes professionally, and sometimes they can help you find tax deductions that you may not be aware of.
If you are already in the unenviable position of owing the IRS back taxes, there is help available for you, too. Sometimes people who owe back taxes to IRS can just contact the IRS and make arrangements for a payment plan. While many people do not even think of simply contacting the IRS directly, doing so can help. The IRS would rather get their money in monthly installments than not at all. However, if you owe irs back taxes of more than 10,000 dollars experts advise you to contact a tax lawyer for help.
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