Asset Seizures & IRS Liens, Levies

Top NC CPA Firm. We Are Best Rated Accountants in Greensboro NC

You may believe that the IRS can’t seize your assets or your property, but it’s an unfortunate reality for a number of Americans every year. If you owe back taxes to the IRS, they don’t immediately go after your property. They first try to coerce you into paying them in full. If you can’t do that, they may try to set up a IRS payment plan for you. If that doesn’t work, they can garnish your wages.

The threat of IRS seizures represents one of the best reasons to hire a local CPA & Advisory firm. You’ve worked hard to build a comfortable life for yourself and your family, and the last thing you want is to lose it all to the IRS. A NC tax accountant like Mildrid Esua, CPA with locations in Greensboro and Charlotte can:

Plan your taxes

Prepare your taxes

Provide an aggressive IRS tax relief help

Represent you to the IRS

Paying attention to your tax liability shouldn’t be an annual event, something you just glance over once a year. As your wealth increases, it’s in your best interests to remain vigilant regarding changes in tax codes and your adherence to IRS regulations. Yet even the most astute Small business Owner and the most successful small business owners in NC can get lost in the jumble of IRS jargon.

That’s why it’s essential to work with Local CPA & Advisory firm in NC whose skills go beyond simple checkbook balancing and basic income tax preparation. You need a Local accountant who understands your financial life and is invested in your success.

REASONS FOR IRS SEIZURES

People owe delinquent taxes for a variety of reasons, including, but not limited to:

Inability to pay

Poor time management, not submitting the forms on time

Sudden financial hits such as loss of income or unexpected medical bills

Negligence or misunderstanding on the part of the tax preparer

Miscommunication between business partners, spouses, or others who have a joint role in providing information for tax preparation

BREAKING OUT THE BIG GUNS

Most of the time, back taxes are the result of an oversight or a situation beyond your control. You can remedy the predicament by communicating with the IRS and making arrangements for payment.

If you work with top CPA in Greensboro NC, Mildrid Esua, CPA, you have personal tax accountants who are familiar with your finances assist you with your interaction with the IRS. Knowledgeable accountants recommend not talking to the IRS directly. Let your tax representative handle all the communication.

THE REAL STORY ABOUT IRS SEIZURES

If you’ve received a notice that the IRS has placed a lien on your property, it means that you can’t sell your property with a clear title until the IRS has been paid for the back taxes you owe. A tax lien can damage your credit, making any future business ventures more challenging.

If the IRS places a levy on your assets, they can actually come and take your property to pay for the back taxes. A notice is typically sent to you or your employer, letting you know that they plan to take possession of your property.