The IRS collection process
The IRS collection process begins with the issuance of a bill, known as a Notice and Demand for Payment, which is sent to the taxpayer indicating the amount of taxes owed and the deadline for payment.
If the taxes are not paid or arrangements for payment are not made, the IRS will take further action to collect the debt, such as wage garnishment or bank levies.
IRS Debt-Free, Inc. is a company that specializes in helping taxpayers resolve their IRS collection issues. They may be able to help you negotiate a payment plan or settle your debt for less than the full amount owed through an offer in compromise.
They may also be able to help you contest the amount of taxes owed or the penalties and interest that have been added to the debt.
It’s important to note that the IRS also offers its own assistance programs for taxpayers who are struggling to pay their taxes, and it’s always a good idea to contact the IRS directly before working with a third-party company like IRS Debt-Free, Inc.