As the saying goes … there are only two things in life that are certain — death and taxes. Nonetheless, when it comes to sorting out our liabilities, most of us break out in a sweat. We are never really sure if we have everything right or whether the dreaded IRS letter and/or audit awaits us. However, for those who are not confident enough to figure this out for themselves, finding a tax defense expert is probably a wise thing to do. Indeed, an IRS defense expert will try to make sure that no penalties are inflicted.
When it comes to paying each and every levy on income we humans often fall foul and are unaware of some tax rule or another. However, ignorance is no defense in the eyes of the law, and unless you are very aware of all the tax rules and regulations, making simple mistakes can happen all too often. Once these come to the attention of the dreaded IRS this is where problems can begin for sure. We hope this article provides some IRS assistance and guidance.
Most people do not understand the difference between a lien and a levy. Liens are a right to money after the sale of something. For example, if collateral was put up for a loan, say stocks or shares, then a lien is placed on those stocks and shares for when or if they are sold. In other words, it stops anyone from selling and running away until the bank has retrieved what it lent out. The bank cannot seize the goods, nor can it sell those goods without the permission of the owner.
A levy, on the other hand, is something quite different. A levy comes after the lien has been granted. A levy will only be acted upon if the borrower does not satisfy the lien in a specific period. This would give the bank the right to seize the goods and transfer ownership or sell the goods themselves to recover the loss.
For those who are unlucky enough to have an IRS lien placed on their property, the consequences can be dire. Major credit agencies will be informed and credit ratings could go through the floor. If any real estate is sold upon which an IRS lien has been placed, the IRS will aggressively seek, and hope to take, what they think is their dues including penalties and interest accrued, before the poor householder gets their hands on a penny. With a levy, anything can be taken by the IRS. The IRS could grab property, garnish wages for any money that is due and freeze bank accounts.
When near the Orange County area contact the experienced tax assistance team at D Tax Strategic Tax Solutions found online at https://www.DTaxSolutions.com and phone at 888-578-9568. Breathe, realize that the IRS is willing to work with most taxpayers and contact D Tax Solutions today to help you deal with the IRS. https://www.DTaxSolutions.com.
Today, modern times commonly confront many humans with the urgent and immediate need for a tax expert to find a way to make everything calm again. If the IRS calls, contact D Tax Strategic Tax Solutions at https://www.DTaxSolutions.com and 888-578-9568. Because the D Tax Solutions tax professionals know the tax rules and can often work out a deal that is acceptable to both parties before things get out of hand.