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Getting (or Staying) Out of Tax Debt

Posted by Free Online Encyclopedia Posted on August 17, 2013
5

Owe back taxes

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.

Read more about this topic at this link: oweirsmoney.net

Categories: How much money do i owe the irs, How to find out if you owe the irs money, Owing the irs back taxes

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5 Comments

  1. Herbert Fuller March 7, 2014 at 9:40 pm

    It is not good to owe money or to get behind on any of your bills, but some are worse to not pay than others and the IRS tax bill is definitely one that you should pay on time.

  2. Arnold Castro April 7, 2014 at 1:21 pm

    It is not good to owe money or to get behind on any of your bills, but some are worse to not pay than others and the IRS tax bill is definitely one that you should pay on time.

  3. Christopher Miles May 7, 2014 at 4:36 pm

    It is not good to owe money or to get behind on any of your bills, but some are worse to not pay than others and the IRS tax bill is definitely one that you should pay on time.

  4. Camilla Schultz June 6, 2014 at 4:37 pm

    It is not good to owe money or to get behind on any of your bills, but some are worse to not pay than others and the IRS tax bill is definitely one that you should pay on time.

  5. Brent Dennis July 6, 2014 at 4:38 pm

    It is not good to owe money or to get behind on any of your bills, but some are worse to not pay than others and the IRS tax bill is definitely one that you should pay on time.

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