I'm a member of Arkansas society of certified public accountants & American society of tax problem solvers. I am also the CEO of Hollinger Tax Resolution.
The IRS only has 10 years to collect your tax debt. After that, it legally expires. But there's a catch.
Most taxpayers have never heard of the 10 year collection clock, and the IRS isn't going to tell you about it.
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The IRS only has 10 years to collect your tax debt. After that, it legally expires.
Watch the free training to learn what most people never find out. Link in bio.
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"I'll deal with the IRS tomorrow." That's what you said last month too.
The IRS doesn't wait while you wait. Every day you put it off is another day they're moving forward without you. You don't have to feel ready, you just have to start.
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The IRS doesn't care about your bills. They only care that you owe them money. And you're the only one who can do something about it.
Most taxpayers are playing a completely different game than the IRS, and losing because of it.
The IRS says your rent allowance is $1,200. But you're paying $1,500. They still want that extra $300. All of it.
That's the gap nobody warns you about. The IRS doesn't care what you actually owe your landlord, they only count what they think is reasonable. .
The IRS is setting taxpayers up to fail. And when the agreement breaks down, liens, levies, and garnishments are next.
If you overcommit to a payment plan and default, you're wide open to their most aggressive collection tactics.
The IRS says pay $500 a month. But you're already living paycheck to paycheck. So what happens now?
What you can afford today may not even be the number next month, especially in this economy. Before you agree to anything with the IRS, watch the free training.
How Professionals Track IRS Activity
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If youβre unsure about your next step with the IRS, this is where I recommend starting.
FREE 20-Minute training: https://t.co/i9i6QEHXas
Payroll taxes fund a massive portion of government operations. If employers stop remitting them, the system has a real problem.
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Even experienced taxpayers miss some of these. Itβs worth 20 minutes.
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What Happens When You Call About an IRS Problem?
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Start here: Free training β Top 10 Taxpayer Mistakes.
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