There are numerous consequences that go along with finding yourself at odds with the IRS. From property seizure and monetary penalties to levies and jail time, not paying the government what you owe has lasting ramifications. If you owe the IRS money, get back in compliance with superior assistance from EMD Tax & Financial Services in Manahawkin and Stafford Township.
Taxpayers should often be warned that if something sounds too good to be true, it probably is. You should apply the same skepticism to ads from companies that claim they can make your tax debts disappear. While there's no question that the IRS can make your life miserable, a lot of tax-settlement companies can compound your tax problems, according to lawsuits filed by state and federal regulators. According to the New Jersey Division of Consumer Affairs, these so-called tax relief companies often charge ridiculously high fees, potentially in the thousands. After getting the payment upfront, they will request the same documents over and over from the consumer and then conclude the consumer no longer qualifies or the IRS rejected their paperwork. This leaves taxpayers with additional expenses, no results, while penalties and interest continue to accrue.
EMD Tax will ensure you understand the IRS collection and appeal process, offer real solutions and a game plan to get you back into compliance. You will not be surprised by the outcome, because we make sure you are aware of the process from the beginning to the end.