While the Internal Revenue Code grants the IRS the power to initiate a federal tax levy upon anything you define as yours from insurance proceeds to wages to property, if you owe federal taxes, you also have the right to hire professional to respond to the IRS’s threats before they take action. When the IRS levy’s on your assets, the act is called a seizure, but even if you owe federal taxes in large amounts, they will have to let you know before you do this so that you have some time to come up with a viable solution that does not include becoming homeless. With the efforts of a federal tax relief specialist, you will be able to stand up to the IRS and negotiate a way out of your debt that is far more humane.
While the first ever federal income tax came into play as a piece of the Revenue Act of 1861, people have found themselves in a position where they owe federal taxes since that time. However, you do not need to take your federal tax problems sitting down; not when there are still ways that you can lessen the blow. As long as you align yourself with an expert who understands the tax laws as well as what your rights are, there is a good chance that you will be able to stop the IRS completely in their tracks, get any penalties already put on you reversed, and resolve your tax issues for good.
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