as i was posting a question, i saw several people asking how long it takes for the IRS to come after you for unpaid taxes. like the person who posted who owes $1114 or so, what do they do when they come after u?
2007-02-26 17:06:15 · 8 answers · asked by tom l 3 in Business & Finance ➔ Taxes ➔ United States
i guess i understand with BIG debts but what if it's just like a $1000 or two
2007-02-26 17:15:46 · update #1
bold 4 bs's serious portion of his answer is correct. for $1114, it will be handled by correspondence or over the phone. for that small an amount, they will be happy to enter into an installment payment plan with you.
2007-02-28 12:58:06 · answer #1 · answered by mattapan26 7 · 0⤊ 0⤋
It's what they CAN do that's important. They have pretty much unlimited power to collect the taxes, even if they don't use them all the time. For example, in Texas, a creditor can't garnish your wages, but the IRS can. A creditor can't seize your bank account, but the IRS can. Get the picture?
2007-02-26 17:16:12 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Straight to Jail - You Dont Collect 500 bucks, and they force you to wear leg bracelets for an eternity. You go to a Country Club Jail in rural Minnesota for tax cheats. Average
length of imprisonment - usually five years.
............................................................
Comedy aside - All they do is send you a letter requesting payment. You have two choices: Pay it or File an Installment Agreement with them paying the debt on a monthly basis until fully paid. If you ignore the letter, they can eventually either put a lien on your bank account or brokerage account, or, garnish your payroll check.
By the way, I'm their southern source for leg bracelets.
2007-02-27 04:56:59 · answer #3 · answered by bold4bs 4 · 1⤊ 0⤋
Oh man, your toast! No, actually, for that small an amount, they will eventially put a levy on your bank account, paycheck, or government assistance (Social Security checks have been taken from people who don't have the resourses to prove them wrong).
2007-02-26 17:25:59 · answer #4 · answered by Caninelegion 7 · 0⤊ 0⤋
Exactly what River Girl said. Mostly take your tax refunds until they are paid OR garnish your wages.
2007-02-26 17:14:49 · answer #5 · answered by jennifersuem 7 · 1⤊ 0⤋
Put a lien on your house or garnish your wages....
Their favorite thing to do is take all your tax refunds until your debt is settled.
2007-02-26 17:09:05 · answer #6 · answered by RiverGirl 7 · 2⤊ 0⤋
Take more than what you owe. It's a big scam to rip off the general public. If one had what one owed, wouldn't it have been done? If you can't get to it, they want your house, vehicle, whatever they can get their hands on.
2007-02-26 17:14:08 · answer #7 · answered by Heyjay 4 · 0⤊ 1⤋
They will, one way or another get their tax money thats what happens.
2007-02-26 23:59:41 · answer #8 · answered by mrfoxhorn 5 · 0⤊ 0⤋