Suppose you do not take action to resolve your tax debt. In that case, the government can seize your assets, including real estate, automobiles, jewelry, bank accounts, retirement accounts, and other assets and investments. They can levy against the cash value of your life insurance policy and garnish your paychecks or retirement checks. They can even take any money, real estate, or other assets that you acquire in the future, including inheritances, until the tax debt is settled.
Depending on your circumstances, it is possible to have the tax debt significantly reduced or eliminated and forgiven by the government. We have a variety of ways to assist you:
- Offers in Compromise
- Monthly payment plans
- Taxpayer Assistance Orders
- Amended Returns