5 Scary Things the IRS Can Do If You Owe Tax Debt

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Here are five scary things the IRS can do if you owe tax debt andsome ways to avoid them.

TheTaxpayer Advocate Servicenoted that private agencies can either work out installment agreements or ask you to pay in full.

This is limiting if youre interested in hardship options or an offer in compromise.

Yourbank accountfunds arent safe if youve neglected to handle your unpaid taxes.

Plus, you might find a surprise $100 processing fee on your bank statement.

TheIRSalso noted that future deposits usually arent in danger from the levy.

Ultimately, working with the IRS is the best way to avoid or handle liens and levies.

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