The first income tax law in the nation was enacted by Congress in 1862, in order to support the Civil War effort. Since then, income taxes have become an integral part of American society, and every citizen is expected to file yearly taxes. While many individuals look forward to tax season due to the federal or state income tax returns they receive, others may run into an Irs tax debt. Should these tax debts go unresolved, many of these citizens find themselves facing tax penalties, including IRS garnishment or tax liens. However, there is IRS debt relief, tax lien help, and back tax relief available for individuals who require these types of services. Finding a tax attorney or even a financial professional is a step in the right direction toward IRS debt relief.
Many individuals find themselves in need of IRS debt relief for a variety of reasons. However, one of the common reasons pertains to individuals who may not file yearly income taxes due to a lack of funds to pay outstanding tax debts. It is advisable that tax payers who do not have enough money to pay for returns or for back taxes should file returns anyway. This is a necessary step in order to avoid further penalties enacted by the Internal Revenue Service for failing to file income taxes. Additionally, some individuals who feel that they may need IRS debt relief may find that they are actually eligible for credits or refunds. In fact, former president George W. Bush signed a series of tax cuts into law during his presidency. The largest of these tax cuts was named the Economic Growth and Tax Relief Reconciliation Act, and was signed in 2001.
It is important to understand the actions that the Internal Revenue Service can take in order to find the Irs debt relief you need. One of the most common ways the IRS collects on tax debts is through wage garnishment, which involves the process of deducting money from monetary compensation, such as a salary. Sometimes, this deduction comes as a result of a court order. Additionally, when these garnishments are served on employers, they are treated as a part of the payroll process. However, individuals that offer IRS debt relief may be able to offer alternative options to this type of wage garnishment so that debts can be settled without court intervention.