Pretty much everyone we know is in one or another scared or really respects the IRS. They are smart to do so! Properly filling your tax claims and paying them up is one of the most important duties that all citizens must complete. It’s actually really quite odd that not many schools have classes that teach you how to properly do your taxes. Much like in the case of mortgages and rents not paying up or filling properly can get you in real trouble and real fast! Settling debts with the government is quite similar to settling issues with private entities. The government though can really come down on you when it wants to. Garnishing your paycheck or placing tax liens.
What Are Tax Liens?
Tax liens are designations that the government places on a person's property when he or she owes them tax money. When a tax lien is placed it doesn’t mean that the property goes over to the government just yet. It just means that if the situation continues the government will then take control over the asset and sell it. When a tax lien is placed on your property it can no longer be sold. So if you thought about selling it to pay back the government you are going to need to rethink your strategy. Luckily we are here to help!
Garnishing Your Paycheck
If you get your paycheck garnished you will probably go from searching for fast credit repair to searching how to survive on a below minimum wage salary! The government may take part of your paycheck on a regular basis until you are done paying your debt. We can also help give you a rundown of your potential options if things come to this. There are certain legal and financial loopholes that may help you bounce back from this sort of situation. Our team of experts will try and work with both you and the government to cut your debt down to a minimum.
A tax levy is literally the next step following a tax lien. In this process the government actually takes the property that they had set a tax lien on and seize that property from you and sell it off to pay your debts. Although this process does take some time to complete the best plan of action would be to act fast and set out an actual plan designed by a team of professionals. We have been working alongside local authorities for years. This gives us an edge in these cases since we know what they typically settle for and this can help you get a great deal!
Looking To Bounce Back?
We can all fall on hard times eventually that shouldn’t be frowned upon. We want to help those of you who have fallen on hard times bounce back. Getting great deals to settle your debt and applying key credit repair strategies to get your credit back in the green number section!