After that, you’ll be informed that your tax return has been garnished as a result of not paying tax.
The IRS will bite you if you don’t pay your taxes. The scenario mentioned above is not much compared with what could happen when you have to pay the IRS. If you’re in the process of paying real estate taxes, you might be able to get a lien on your home. In the case of a bank levy, or more sales tax could be assessed on your property.
Then, what exactly is a bank levy, and what is taxes on back sales? Bank levies are powerful tool for collection for lenders when their customers have fallen behind in their payment. A bank can place frozen the money on the account of the individual which owes the lender. To pay the debt, banks must transfer money from the account to the creditor. The bank could also consider selling the property in a back tax sale.
Be sure to avoid allowing such dramatic incidents happen. It’s important to make tax payments if you are owed the government. If you’re unable to pay the entire amount in one go You can pay in installment payment. You have options that can help you for avoiding bank levies. Are IRS tax liens official documents? There isn’t a need to ask. 6lbn6nkg59.