One of the most common questions we receive as Chicago’s leading tax debt attorney is “Is it true the IRS can just take my property for payment of outstanding tax debt?” The answer is an overwhelming yes!
The IRS is the most powerful creditor on the planet. They can walk into your bank and take all of the money out of your bank account. They can tell your employer to not pay you and to pay your salary to them. They can seize your retirement funds. The IRS can also seize your assets including your home, business, vehicles and machinery and equipment.
If you are a business owner, the IRS also can contact the people that you do business with and levy on your accounts receivable. Not only does this take anticipated operating funds out of your pocket, it also lets the people that you do business with know that you have an IRS problem, which is certainly bad for business.
The tax debt attorneys of Patrick T. Sheehan & Associates represent individuals and businesses before the Internal Revenue Service (IRS) and the Illinois Department of Revenue (IDR). Our tax attorneys have successfully resolved IRS tax problems for individuals and businesses since the firm’s inception in 1991.
If you owe more than $10,000.00 to the IRS or the IDR it makes sense to hire a qualified tax attorney. A qualified tax attorney knows how to handle the IRS or the IDR and will act in your best interests. In addition, you will never have to talk to the IRS, which can relieve the stress and the anxiety that people frequently feel when they have a tax problem. If the IRS has contacted you, fill out our contact form or call us at 1-877-447-7529. We can help!
1-877-447-7529
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