Prior to 1776, the American Colonies were required to pay taxes to the United Kingdom. Today, taxes are supplied to federal and state governments for a variety of purposes. However, many individuals are familiar with federal income taxes, records of which must be submitted to the Internal Revenue Service each year. Many individuals look forward to this time of year due to the federal tax refunds received once records are processed. For others, this time of year results in problems with IRS. Individuals facing IRS problems and IRS tax problems can face a variety of penalties, each with their own consequences. For these individuals facing an IRS tax problem, finding help with Irs problems and more specifically, help with IRS tax problems, can be an excellent idea. So, what kinds of individuals can provide help with IRS tax problems?
The Internal Revenue Service has a variety of penalties they can choose to enforce on individuals who may find that they have fallen behind on taxes. However, some individuals need help with IRS tax problems due to errors in filing. Currently, federal tax rates vary from ten percent to just under forty percent of taxable income. Seeking out an attorney or tax professional to provide help with irs tax problems may help to verify that you have been included in the proper tax bracket. In some cases, clearing errors like these may be the only help with Irs tax problems that you may require, but it is best to find a professional to assist you. This is especially the case for individuals who may be in serious debt to the Internal Revenue Service. For these individuals, the most feared penalty enforced by the Internal Revenue Service is the tax levy. Included in this type of penalty, the Internal Revenue Service can levy upon wages, bank accounts, social security payments, accounts receivables, insurance proceeds, real property, and even personal residences using powers granted by the Internal Revenue Code. As such, individuals requiring help with IRS tax problems who fear that a levy may be in their future should find assistance immediately.
Another of the common penalties enforced by the IRS includes wage garnishment, which are often served on employers. Firing an employee in order to avoid a garnishment can be considered a criminal offense, and may require a fine of one thousand dollars and or imprisonment for up to one year.