We all know how persistent—and motivating—the IRS can be about getting back money they say they are owed from US citizens in the form of tax debt. A notification regarding back taxes may often appear as quite a surprise—and sometimes years after you filed a return. Disputing an error pointed out by the IRS can be time-consuming, and trying to figure it all out, as well as coming up with the funds to cover it, can be extremely frustrating. The bottom line though is that if you do not pay back taxes to the IRS, you may experience negative consequences like:
- Frozen bank accounts
- Garnishment of wages
- Garnishment of future tax refunds
- Filing of a lien against you
Now, it looks as if debtors will have double trouble when it comes to be chased for tax debts. Most of us probably find the IRS to be more than aggressive enough in their efforts to see that debts are paid, but a recent Forbes article shed light on new efforts by the Internal Revenue Service for collecting their money. If you, like so many others, have received calls and mail from companies that seem pretty sketchy regarding help with IRS debt, then it’s obvious that they are going to have a challenge moving forward in trying to make sure that taxpayers are paying attention when a private debt collector calls with a legitimate issue. To help with skepticism of this sort, if the IRS has turned your debt over to a private collections agency, they will let you know ahead of time, along with specifying the name of the company.
The Companies the IRS Will Be Using Are:
- CBE Group
- Conserve
- Performant
- Pioneer
Some debts cannot be turned over to private debt collectors by the IRS; for instance, those that may be pending regarding some other form of repayment agreement, those under an audit, or tax issues in the process of an appeal. If your tax debt is turned over to a debt collector, you should receive notification, as well as an explanation of what to expect. The debt collection company will then notify you in writing as well that they are taking over your debt. They will, of course, be expected to comply with all guidelines set forth by the Fair Debt Collection Practices Act just as other collections agents are.
Are you concerned about back taxes or other debts, hoping to explore ways to set your finances straight once and for all? If you are finding it difficult to pay your bills and need an experienced debtor rights attorney, contact us at Fitzgerald & Campbell, APLC. We can review your current situation and discuss your options with you, whether that means bankruptcy, a negotiated settlement, or lawsuit.
Our attorneys have decades of experience representing clients in all types of consumer rights matters, including bankruptcy, and we are here to help you! Call us today for a free consultation at (844) 431-3851, or email us at info@debtorprotectors.com.