When it comes to taxes you owe, the Internal Revenue Service has a way of ruining all aspects of your life. And as time goes by, the IRS adds salt to your wounds by adding penalties to what you already owe.
It’s like the meter in a taxicab; the counter keeps going, adding more and more chanrges to that IRS debt, even when you are standing still. Many times the penalties and interest end up being more than what you actually owe the IRS.
However, understanding the relentless measures the IRS takes to collect penalties—and having the right experts on your side—can help you avoid the traps that can drastically impact the way you and your family live.
You may be asking yourself this question—“If I can’t afford to pay my taxes in the first place, why do they keep adding penalties?”
The IRS can have a lot of power over you and can do a lot to make your life miserable. They can freeze your bank accounts and can seize all the money you have in them.