tax debts bankruptcy

tax debts bankruptcy

They appear at the late night television and the Internet promise, your tax liability, reduce stop garnishments, remove tax liens and pay Your debts for pennies on the dollar. Oh, only if it were true. Pay a company a few thousand dollars, and voila, your tax liability of $ 100,000 reduced to $ 5,000. How's that for a good return on investment!

Here's how the scam works: One day you will receive a letter from the Internal Revenue Service that you have U.S. $ 50,000 owed to the IRS. It turns out that in 1999 and 2000, you make no return and now, with penalties and interest you owe them the money. Your first impulse is to panic, as you'll pay so much money and no one on the salary you make the rest of your life due to take these debts. You decide to ignore this letter and hope that the IRS will continue until next month when you receive a second letter, and then a month later, third. Finally, six months later, you receive a certified letter from your bank and your employer – the IRS is what little money you have in your bank account, and they will also be a great Part of your wages be garnished. Now you have to lose sleep and are considering moving to Bolivia. Good idea.

Then wake up one morning to three the face of an angry Advocate appears on your screen, you say, it is the IRS fight for you, and that they will win! It promises to reduce your debts and stop by the IRS under your stuff! Everything you need to do is call the following toll-free number and have ready by the way, your credit card! Step one of the Fraud is complete. You are in debt, you lose sleep and you have their number.

The second step starts with a simple phone call to someone called one Tax – in fact, a commission salesman. What you do not know is that the seller has financial problems of its own, and that the only way he it pays is to get your credit card number, and then sell their false services. The seller will not discuss your situation with you, how you in the best support, but to find out how much you would be willing to pay and how much he put up on your credit card. It is a great figure.

He will very positive about their ability to reduce your debts and stop the seizure. He will repeat that, your debt just $ $ 50,000 for 3000, given the financial Situation can be resolved, and it costs you only $ 5,000. And the levy on your bank account will never happen! To give them your credit card number, they charge you five large and you sleep that night feeling much better. Finally, with a total cost of the eight major more than $ 50,000. Step two of the fraud is complete.

Step three – your tax advisor (which was yesterday shelves at Home Depot) asks you to send him dozens of documents, bank statements, car loan paperwork, hire or Mortgage, everything. It takes a few weeks, but do it together and mail it to them. A month is over and nothing is heard to call, so that you can. Unfortunately, your tax may not at the moment but will call back. A few weeks goes by, nothing. You call again. Your tax is no longer working there, and your account was transferred tax # 2, The call you back. A few weeks goes by, nothing. You call again and finally speak with someone. They say that they are new to your case and that the following Documents need to effectively evaluate your situation. It takes a week or so, but are you going to mail it in the. A month is over and call you to find out what's going on is just to hear that you are your accountant is on vacation and will contact you when he returns. Another month goes by – nothing. Meanwhile, almost six months since you this company set to help you. The IRS has since the adoption of all the money in your bank account and your wages were garnished every week so you with nothing.

Finally She calls with your advisor – "We have reviewed your case and determined that there is nothing we can do to help you. You do not have a job to qualify in the compromise, as you have a regular job and pay in full. They should agree on and the IRS for an installment agreement. We will be so for You do buy it will cost an additional $ 2000th If you do not want us to do this, we will return your documents to you, I thank you for your Companies. "

In the last six months of your debt with interest rates of up to $ 55,000 has grown, you are out $ 5,000, the tax relief, and undertakings Their situation is much worse than it was when you started. Of course, you ask back your money defrauded from the company that you are only saying "It is not our policy. "" I'll sue! "at the bottom of the phone, but then they are gone. You'll never see again five thousand. The mesh is completed.

If you wish to resolve your own tax debt by making an offer in compromise to the IRS you can do so easily and inexpensively by referring to http://www.offerityourself.com, for all the information you need to resolve your own tax debt.

Foreclosure not the end of your debt; Bankruptcy is.


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