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Have you received an IRS Collection Letter?
When a taxpayer receives a collection notice from the IRS, they often panic and don't
know where to turn for a solution. Some taxpayers choose to bury their heads in the sand
and hope that the problem will magically disappear. Others assume that they are going to
jail, and are scared to respond. In most circumstances, neither does it go away nor does the
taxpayer go to jail.
 
It is important for the Taxpayer to meet the situation head on by taking the following steps:
 
1) File a Tax return for the year(s) in question . The returns will either be filed by the
Taxpayer or by the IRS themselves. When filed by the IRS, any deductions that the
taxpayer may be entitled to are not taken into consideration resulting in the highest tax
amount possibly being due.
 
2) Once returns have been filed, the tax amounts due are assessed with penalties and
interest. There can be more than one kind of penalty assessed, and interest will continue to
accrue until the debt is paid.
 
3) A series of Tax notices requesting payment in full will be mailed to the Taxpayer. It may
be advisable for the taxpayer to make payment in full if funds are available. If this is not
possible, a monthly payment plan ... more

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