Category Archives for "Collection Tactics"

Asset Seizure

This is a rarely used tactic, but it is used when the IRS has exhausted every other option at their disposal and you have continued to ignore them. They will do a public records search for all assets you own including real estate, cars, boats, motorcycles, jewelry, etc.Then, once they locate these assets, they will […]

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Wage Garnishment

A wage garnishment is instruction to your employer to take a portion of your paycheck and send it directly to the IRS. This will happen every payday until your tax debt is paid off.Now, your payroll department knows about your tax problem and you do not have enough money in your checking account to pay […]

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Bank Levy

This is how the IRS gets your immediate attention when you have ignored their previous letters.A levy is delivered to your bank instructing them to withdraw ALL money in ALL accounts held at that bank which your tax identification number listed as an authorized signer. The tax identification number is your social security number (SSN) […]

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Tax Lien

A tax lien is a document publicly filed in the county of your last known address on file with the IRS. The biggest impact is that this appears on your credit report making it hard to open new bank accounts and credit cards.Creditors who are willing to lend you money may charge you the maximum […]

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