Owe Money To The IRS? Why You Need To Work With A Tax Relief Service
If you've decided to ignore your tax problems, it's time to rethink that decision. You might think the problem will go away if you ignore it long enough. That's not the case though. In fact, the problem will keep getting worse. If you haven't tried to get help with your tax problems, you need to take action. Help is available for your tax debt. Read the list provided below. Here are four reasons to get help from a tax relief service.
You Could Lose Your Passport
If you haven't gotten help with your tax debt, your ability to travel could be at risk. You might not realize this, but the IRS can put a hold on your passport. That means you won't be able to use your passport until you settle your tax debt. If you haven't applied for your passport yet, you won't be able to apply until the debt gets settled. That's where tax relief services come into the picture. A tax relief service can help you settle your tax debt. That way, you can get back to traveling.
Your Refunds Could Get Held
If you're expecting a tax refund this year, it's time to clear up your existing tax debt. One of the problems with owing the IRS money is that they can hold onto your tax refunds. In fact, they can apply your tax refunds towards the amount you owe in back taxes. That's why you need to talk to a tax relief service as soon as possible. They can help you make payment arrangements on your existing tax debt. Once they do that, you'll get to keep your tax refunds.
You'll Keep Getting Notices
If you haven't contacted a tax relief service yet, look in your mailbox. When you owe the IRS money, they'll send collection notices to your home. If you don't respond to them, they'll start sending notices to your place of employment. If you still don't respond, the IRS will start calling you at home, and at work. Finally, they'll get collection agencies involved. Luckily, you can stop the notices by working with a tax relief service.
Your Tax Debt Will Go Up
If you haven't paid off your tax debt yet, it's time to consider the bottom line. You might not know this, but your tax bill continues to increase until the total amount gets paid in full. That's because the IRS adds interest payments, and late fees to the amount you owe. That's where a tax relief service becomes beneficial. A tax relief service can help you set up a payment plan. Once that's in place, you can start paying down the debt.