Tax debt affects millions of Americans each year. The IRS collected $68 billion through enforcement actions last year alone. Understanding your rights and options can mean the difference between losing your home and keeping it.
Most people facing tax debt have urgent questions about what the IRS can actually do. They search for tax debt FAQs to find clear answers about collection limits, payment alternatives, and legal protections. This guide delivers those answers, straight from what tax attorneys hear every day from clients facing IRS collection actions.
The IRS has extensive collection powers that go beyond what regular creditors can do. They can freeze bank accounts without a court order. They can take most of your paycheck through wage garnishment. They can seize property and retirement accounts. But they also have strict procedures they must follow and multiple programs that help taxpayers resolve debt for less than the full amount.
Knowing these rules helps you make better decisions. You might qualify for an Offer in Compromise that settles your debt for pennies on the dollar. You might be approaching the 10-year collection deadline that erases your debt completely. You might need to act immediately to prevent a wage garnishment that starts in 30 days.
Each answer below provides specific information you can use today. Whether you owe $5,000 or $500,000, these are the facts that determine your next steps.
Take Action Now: Get Answers to Your Tax Debt FAQs and Resolve Your Situation
Every day without professional representation costs you money. The IRS adds $50-100 in penalties and interest to a $10,000 debt each month. By the time you try handling it yourself and fail, you owe thousands more than necessary.
We know which resolution works for your exact situation. We’ve filed hundreds of Offers in Compromise that settled debts for 10-20% of what clients owed. We’ve stopped wage garnishments within 24 hours of being hired. We’ve gotten Collection Due Process hearings that delayed seizures for months while negotiating better terms.
Our tax attorneys here at Silver Tax Group provide you with attorney-client privilege the IRS can’t breach. We know which financial statements get Currently Not Collectible status approved. We understand why one Form 656 gets accepted while another gets rejected. We’ve negotiated with the same revenue officers who are calling you right now.
The IRS counts on taxpayers trying to handle tax debt alone. They know you’ll make mistakes on forms, miss deadlines, and accept worse terms than necessary. Meanwhile, penalties compound and collection actions escalate.
Book a consultation with one of our tax attorneys here at Silver Tax Group and we’ll discuss your tax debt options. We’ll review your transcripts, calculate your resolution options, and explain exactly what we can do. Stop letting interest build while you research solutions online. Get answers from tax attorneys who resolve IRS debt every day.
