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Tax Relief with Logan Allec, CPA
Do you owe back taxes to the IRS or your state government or have unfiled tax returns? Then this is the podcast for you! Every Monday, Wednesday, and Friday, Logan Allec, CPA — owner of A+ BBB-accredited tax resolution firm Choice Tax Relief — explains exactly how to get tax relief for your back tax debt. Would you like a FREE tax relief consultation with Logan's company, Choice Tax Relief? Schedule your consultation now by calling 866-8000-TAX!
Tax Relief with Logan Allec, CPA
What Happens If You Owe the IRS More Than $25,000? [8 Things]
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What happens if you owe the IRS more than $25,000? In this video, I tell you eight things that happen to you if you owe the IRS more than $25,000, and then at the end of the episodeI tell you what you should do if you owe the IRS more than $25,000.
⬇️ Free E-Book:
- 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/s...
Table of Contents:
0:00 What Happens If You Owe the IRS More Than $25,000?
0:55 Loss of Individual Installment Agreement Payment Options
1:50 How Much You'll Have to Pay the IRS At a Minimum in an Installment Agreement
2:54 You May Be Stuck With Your Notice of Federal Tax Lien
5:28 Interest Accrual
6:08 Penalty Accrual
6:45 Loss of Business Installment Agreement Options
7:15 Potential Revenue Officer Assignment (for Payroll Taxes)
7:41 Increased Risk of IRS Wage Garnishments and Bank Levies
9:41 What Should You Do If You Owe the IRS More Than $25,000?